Form 4: Intuit Executive Marianna Tessel Reports Stock Transactions

Marianna Tessel, EVP at Intuit, reports the acquisition and disposal of common stock and restricted stock units on October 1, 2024.

Summary

• Marianna Tessel, an Executive Vice President at Intuit, filed a Form 4 with the SEC detailing changes in beneficial ownership of Intuit stock.
• On October 1, 2024, Tessel acquired shares of common stock through the vesting of restricted stock units.
• Specifically, 327, 436, and 456 shares were acquired as restricted stock units vested.
• Simultaneously, 641.805 shares were disposed of at a price of $606.28 per share to cover tax obligations.
• Following these transactions, Tessel directly owns 39,575.0506 shares of Intuit common stock and holds derivative securities in the form of restricted stock units.
• The filing also corrects a previous error in a Form 4 filed on September 6, 2023, where 1,214 shares were incorrectly reported as issued but were actually withheld for taxes.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence and regulatory compliance.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock transactions.
• It assures stakeholders that executives are subject to regulatory oversight and reporting requirements.

Key Dates