Form 4: Intuit CEO Sasan Goodarzi Reports Stock Transactions
SEC Form 4
Intuit CEO Sasan K. Goodarzi reports the acquisition and disposal of common stock and restricted stock units, with transactions occurring on October 1, 2024.
Summary
- Sasan K. Goodarzi, CEO, President, and Director of Intuit Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 1, 2024, Goodarzi acquired shares of common stock through the vesting of restricted stock units.
- He also disposed of shares to cover tax obligations.
- The transactions involved both direct and indirect ownership through a revocable trust.
- Following the reported transactions, Goodarzi indirectly owns 97,148.299 shares of common stock through a trust.
- He also directly owns 12,660.265 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company executive, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in the US, ensuring transparency in stock transactions.
- Similar filings are made by executives at comparable companies like Microsoft (MSFT), Adobe (ADBE), and Salesforce (CRM) when they trade their company's stock.
- The details disclosed, such as the number of shares, transaction dates, and prices, are consistent with what is expected in these types of filings.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 05/18/2012 | Date of Goodarzi Revocable Trust U/A |
| 09/06/2023 | Previous Form 4 filing date (mentioned in explanation of responses) |
| 07/27/2023 | Date of grant of certain Restricted Stock Units |
| 10/01/2023 | Date that 932 Restricted Stock Units vested |
| 10/01/2024 | Date of reported transactions (stock acquisition and disposal) |
| 10/03/2024 | Date of signature for the Form 4 filing |
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