Summary
Intuit Inc. (INTU) filed an 8-K on November 18, 2021, to report its financial results for the fiscal quarter ended October 31, 2021, and to announce a quarterly cash dividend. While specific financial figures for the quarter are not detailed within the 8-K text itself, it directs investors to a press release (Exhibit 99.01) for this information. The filing also disclosed that the Board of Directors approved a cash dividend of $0.68 per share, payable on January 18, 2022, to shareholders of record on January 10, 2022. Additionally, the report mentions that both the CEO, Sasan Goodarzi, and the CFO, Michelle Clatterbuck, adopted Rule 10b5-1 stock trading plans in September 2021. These plans allow for the scheduled sale of a predetermined number of shares over a period extending through September 2022, and are designed to comply with insider trading regulations by being established when the executives are not in possession of material non-public information.
Key Highlights
- 1Intuit announced financial results for the fiscal quarter ending October 31, 2021, with details available in a furnished press release (Exhibit 99.01).
- 2The Board of Directors declared a cash dividend of $0.68 per share.
- 3The dividend payment date is January 18, 2022, with a record date of January 10, 2022.
- 4CEO Sasan Goodarzi adopted a Rule 10b5-1 trading plan to sell up to 35,994 shares between November 2021 and September 2022.
- 5CFO Michelle Clatterbuck adopted a Rule 10b5-1 trading plan to sell up to 23,189 shares between November 2021 and September 2022.
- 6These trading plans are designed to comply with SEC Rule 10b5-1 and Intuit's insider trading policies.
- 7The information provided in this 8-K and its exhibits is furnished and not deemed 'filed' for Section 18 purposes.