Form 4: Intuit Executive Alex G. Balazs Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Technology Officer of Intuit, Alex G. Balazs, reports the vesting and subsequent disposal of restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, Alex G. Balazs, EVP and Chief Technology Officer of Intuit Inc., engaged in transactions involving restricted stock units.
- Balazs vested 103, 89, and 209 restricted stock units, which converted into common stock.
- Simultaneously, Balazs disposed of 205 shares of common stock at a price of $639.84.
- Following these transactions, Balazs directly owns 196 shares of common stock and holds derivative securities consisting of 103, 447, and 1,881 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the reported transactions: vesting of restricted stock units and disposal of common stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.