Intuit announced that its founder and executive leadership team have terminated all of their pre-scheduled stock sales plans. Concurrently, the company reiterated its intention to substantially accelerate its share repurchase program.
Key Details
- Share Repurchase: The company plans to utilize up to $3.5 billion that remained under its board authorization as of January 31, 2026, for accelerated buybacks.
- Executive Stock Sales: The founder and the entire executive leadership team have terminated all their outstanding stock sales plans established under Rule 10b5-1.
- Recent Activity: In the first half of its current fiscal year, Intuit repurchased $1.8 billion of its shares, representing a 40% increase compared to the same period in the prior year.