Intuit CEO Goodarzi Reports $4.4M Tax Withholding on Vested RSUs
INTUIT INC.
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Filing Summary
Intuit CEO Reports $4.4M Tax Withholding on Vested RSUs
Company: INTUIT INC. (INTU)
Form: 4 | Filed: 2026-09-03
Significance: Low
Insider: Sasan K. Goodarzi Title: Chairman and CEO | Relationship: Officer & Director
Transaction: • Type: Tax Withholding (Code F) / RSU Vesting (Code M) • Shares Withheld: 12,377 • Price: $359.30 • Value: $4,447,216 • Owned After: 31,019.574 shares (via Trust)
Key Insight: Routine performance-based RSU vesting (26,188.536 shares) resulted in 12,377.444 shares withheld to cover mandatory tax obligations at $359.30 per share.
Market Context: The disposition represents routine non-discretionary tax withholding with zero open-market selling pressure.
Comprehensive Analysis
SEC Filing Analysis: INTUIT INC. (INTU)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Intuit Chairman & CEO Sasan Goodarzi acquired 26,188.536 shares via performance RSU vesting and surrendered 12,377.444 shares ($4.45M) to satisfy tax withholding obligations.
- Market Impact: Neutral; routine administrative equity settlement with no open-market execution.
Company Information
| Field | Value |
|---|---|
| Company | INTUIT INC. |
| Ticker Symbol | INTU |
| CIK | 0000896878 |
| Industry | Services-Prepackaged Software |
Insider Information
| Field | Value |
|---|---|
| Name | Goodarzi Sasan K |
| CIK | 0001412321 |
| Title/Position | Chairman and CEO |
| Relationship | Director, Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-09-01 |
| Transaction Code | F (Tax Withholding) / M (RSU Settlement) |
| Security Type | Common Stock |
| Shares Involved | 12,377.444 (Tax Withholding) |
| Price Per Share | $359.30 |
| Total Value | $4,447,215.63 |
| Shares Owned After | 31,019.574 |
| Ownership Type | Indirect (By Trust) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $4,447,215.63 |
| % of Market Cap | 0.0046% |
| Shares Transacted | 12,377.444 |
| % of Shares Outstanding | 0.0045% |
| Post-Transaction Ownership | 31,019.574 shares (0.0113%) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: Intuit has a market capitalization of $97.47B. The $4.45M tax withholding represents less than 0.005% of equity value, making it immaterial to overall valuation.
- Dilution & Net Position: The underlying performance RSUs were granted on July 28, 2022. Net shares added to the CEO's trust post-tax withholding amounted to 13,811.092 shares.
Market Impact Analysis
- Direction: Neutral
- Reasoning: Automatic tax disposition upon vesting of performance units is standard executive compensation procedure and does not reflect a change in insider sentiment.
- Volume & Sentiment: Expected volume impact is negligible; sentiment remains neutral.
Additional Context
- Timing & Terms: The shares vested based on total shareholder return (TSR) performance targets over a multi-year performance cycle initiated in July 2022.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.