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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