Form 4: Intuit Executive Alex G. Balazs Reports Stock Transactions

EVP and Chief Technology Officer of Intuit, Alex G. Balazs, reports the vesting and subsequent disposal of restricted stock units and shares acquired through the employee stock purchase plan.

Summary

• Alex G. Balazs, EVP and Chief Technology Officer of Intuit Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Balazs vested restricted stock units, converting them into common stock.
• Specifically, 89, 209, and 220 restricted stock units vested and were converted to common stock.
• The same day, 262.369 shares were disposed of at a price of $613.99.
• Balazs also acquired 17.455 shares through the Intuit Inc. Employee Stock Purchase Plan on March 15, 2025.
• Following these transactions, Balazs directly owns 1,229.851 shares of Intuit common stock and 1,983 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, and the transactions themselves don't necessarily indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the executive's transactions in company stock, which can be of interest to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Employee Stock Purchase Plan, INTU, Intuit, Balazs