Form 4: Intuit Executive Alex G. Balazs Reports Stock Transactions
SEC Form 4 Filing
Intuit's EVP, Chief Technology Officer, Alex G. Balazs, executed multiple stock transactions on December 12, 2024, involving both the acquisition and disposal of common stock and stock options.
Summary
- Alex G. Balazs, EVP and Chief Technology Officer at Intuit, reported several transactions involving Intuit common stock and stock options on December 12, 2024.
- These transactions included the acquisition of 24,298.649 shares of common stock through the exercise of stock options at various prices ranging from $216.64 to $525.51.
- Additionally, Mr. Balazs disposed of 19,810 shares of common stock at weighted average prices ranging from $664.8209 to $667.5463.
- The transactions also involved the exercise of non-qualified stock options, resulting in a change in the number of derivative securities beneficially owned.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions are typical for executives who receive stock options as part of their compensation package.
- The weighted average prices reported are in line with the requirement to disclose the actual prices at which the transactions occurred.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to be significant given the volume of shares traded.
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of the reported stock and stock option transactions. |
| 12/13/2024 | Date the form was signed. |
Keywords
Intuit, Stock Transactions, Form 4, Executive Stock, Stock Options, Alex G. Balazs, Insider Trading
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