Form 4: Intuit Executive Marianna Tessel Reports Stock Transactions
SEC Form 4 Filing
Marianna Tessel, EVP at Intuit, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- Marianna Tessel, an Executive Vice President at Intuit, filed a Form 4 detailing changes in beneficial ownership of Intuit stock.
- On September 1, 2024, Tessel acquired 9,589 shares of common stock through the vesting of restricted stock units.
- Also on September 1, 2024, Tessel disposed of 5,048.61 shares of common stock at a price of $630.26 per share.
- Following these transactions, Tessel directly owns 40,211.8556 shares of Intuit common stock.
- The reported transactions also involve performance-based vesting restricted stock units, which do not expire but either vest or are canceled prior to the vesting date.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing reporting stock transactions.
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 company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the scale of the company.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock acquisition and disposal. |
| 09/04/2024 | Date of signature for the report. |
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