Intuit (INTU) Form 4: 19,155 RSUs Vest; Shares Sold for Tax Withholding
Rhea-AI Filing Summary
Sasan K. Goodarzi, CEO, President and Director of Intuit Inc. (INTU) reported multiple transactions on 09/01/2025 affecting both non-derivative common stock and performance-based restricted stock units (RSUs). The filing shows 19,155.031 RSUs were recorded as acquired and correspond to 19,155.031 underlying common shares awarded and vested from a 7/29/2021 performance grant. Additional entries show 305.464 RSUs with an accelerated release date to cover tax withholding, and cash dispositions of 9,051.677 and 305.464 common shares at a reported per-share fair market value of $667. Following the reported transactions, Goodarzi beneficially owned 51,348.477 and 60,400.154 shares in different line items, with holdings held indirectly by trust. The reporting was signed by a power-of-attorney on 09/03/2025.
Positive
- Vesting of performance-based RSUs (19,155.031) indicates alignment of CEO compensation with multi-year performance goals
- Ownership retained indirectly via trust, showing continued insider stake rather than complete divestment
Negative
- Dispositions of shares (9,051.677 and 305.464) were recorded, reflecting share sales or transfers that reduce beneficial holdings
- Accelerated release for tax withholding required, indicating tax liabilities tied to vested awards
Insights
TL;DR: Insider reported vested performance RSUs and share disposals, with holdings held indirectly via trust and accelerated release for tax withholding.
The filing documents that the CEO recognized vested performance-based RSUs from a 2021 grant, increasing reportable share equivalents while also showing share disposals used to satisfy tax obligations. Ownership is reported indirectly through a revocable trust, which is a common estate-planning structure and does not, by itself, change corporate control. The accelerated release for certain RSUs indicates administrative action to address withholding rather than a discretionary open-market sale strategy. For governance, these entries reflect routine compensation settlement and tax-related share handling rather than a material change in insider alignment.
TL;DR: Vested RSUs converted to shares and modest share disposals recorded at $667 per share; transactions appear administrative and not a large-scale divestiture.
The report shows 19,155.031 performance RSUs vesting (related to 7/29/2021 grant) and smaller accelerated releases (305.464) to address tax-withholding. Disposals of 9,051.677 and 305.464 shares at a reported fair market value of $667 per share are consistent with withholding or tax-settlement activity rather than routine trading for liquidity. The filings list beneficial ownership amounts before and after transactions, and ownership remains indirect via trust. From a market-impact perspective, these quantities are unlikely to be material relative to Intuit's public float.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (performance-based vesting) | 19,155.031 | $0.00 | -- |
| Exercise | Restricted Stock Units (performance-based vesting) | 305.464 | $0.00 | -- |
| Exercise | Common Stock | 19,155.031 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,051.677 | $667.00 | $6.04M |
| Exercise | Common Stock | 305.464 | $0.00 | -- |
| Tax Withholding | Common Stock | 305.464 | $667.00 | $204K |
Footnotes (1)
- Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Represents the outstanding awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant dated 7/29/2021 related to achievement of certain total shareholder return objectives. Represents release date for vested restricted stock units (performance-based vesting) granted on 7/29/2021. Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date. Represents accelerated release date to accommodate tax withholding obligations related to deferred release of vested restricted stock units under this award granted on 7/28/2022.
