Form 4: Intuit CEO Sasan Goodarzi Reports Stock Transactions
SEC Form 4 Filing
Sasan Goodarzi, CEO of Intuit Inc., reports the acquisition and disposal of common stock and restricted stock units on September 1, 2024.
Summary
- On September 1, 2024, Sasan K. Goodarzi, CEO, President, and Director of Intuit Inc., engaged in transactions involving Intuit's common stock and restricted stock units.
- Goodarzi acquired 43,668 shares of common stock through the vesting of restricted stock units and disposed of 20,629.225 shares to cover tax obligations at a price of $630.26 per share.
- Additionally, Goodarzi acquired 201.969 shares of common stock through the vesting of restricted stock units and disposed of 201.969 shares to cover tax obligations at a price of $630.26 per share.
- Following these transactions, Goodarzi beneficially owns 94,244.775 shares of Intuit common stock directly.
- He also holds 19,155.031 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation and wealth management for executives at publicly traded companies.
- The details of the transactions are in line with standard reporting requirements for Form 4 filings with the SEC.
- Comparable companies such as Adobe (ADBE), Microsoft (MSFT), and Salesforce (CRM) also have executives who regularly report stock transactions via Form 4 filings.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may be interested in the CEO's stock activity as an indicator of confidence in the company, but these transactions are routine and related to compensation.
Key Dates
| Date | Description |
|---|---|
| 07/30/2020 | Date of Restricted Stock Units (performance-based vesting) grant related to achievement of certain total shareholder return objectives. |
| 07/29/2021 | Date of Restricted Stock Units (performance-based vesting) grant related to deferred release of vested restricted stock units. |
| 09/01/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 09/04/2024 | Date of signature by power-of-attorney. |
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