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 April 1, 2024.
Summary
- On April 1, 2024, Sasan K. Goodarzi, CEO, President, and Director of Intuit Inc., engaged in multiple transactions involving Intuit's common stock and restricted stock units.
- Goodarzi acquired common stock through the vesting of restricted stock units, with prices reported as $0.
- A portion of the acquired stock was then disposed of to cover tax withholding obligations at a price of $639.84 per share.
- The transactions resulted in a net change in Goodarzi's holdings of common stock, with the total amount beneficially owned following the reported transactions being 68,133 shares.
- Goodarzi also reported holdings of various restricted stock units with different vesting schedules and release dates, totaling several thousand units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of earliest transaction and multiple transactions involving common stock and restricted stock units. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
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