Sasan K. Goodarzi
Also at Intuit Inc
About
Sasan K. Goodarzi has developed a robust career in technology leadership, initially joining INTU in 2004 and contributing across several key business units. His journey at the company saw him transitioning from operational roles in financial services and tax divisions to becoming a pivotal leader across consumer-focused segments.
Throughout his tenure, he advanced to senior executive positions such as Chief Information Officer and later as the head of the Consumer Tax Group, leveraging his deep expertise to drive strategic innovation and growth. His leadership has been instrumental in redefining operational efficiency and expanding the company’s market presence.
Beyond his role at INTU, he has broadened his industry impact by serving as CEO of Nexant Inc. for a brief period and taking on significant responsibilities at global conglomerates such as Invensys and Honeywell Inc. He also contributes to corporate governance through his board membership at Atlassian Corporation Plc, where he focuses on compensation and leadership development, demonstrating his commitment to excellence and transformational leadership.
$INTU Performance Under Sasan K. Goodarzi
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| INTU | Executive Vice President and General Manager of the Small Business & Self-Employed Group | 2016–2018 | Position held prior to his promotion to CEO |
| INTU | Executive Vice President and General Manager of the Consumer Tax Group | 2015–2016 | Position held at INTU |
| INTU | Senior Vice President and General Manager of the Consumer Tax Group | 2013–2015 | Position held at INTU |
| INTU | Senior Vice President and Chief Information Officer | 2011–2013 | Position held at INTU |
| INTU | Leader of various business units including Intuit Financial Services and the professional tax division | 2004–2010 | Multiple roles across business units |
| Nexant Inc. | Chief Executive Officer | November 2010 (10 months) | Brief departure from INTU |
| Invensys | Global President of the Products Group | N/A | Senior leadership role with unspecified duration |
| Honeywell Inc. | Senior Leadership Roles in the Automation Control Division | N/A | Multiple senior roles with unspecified duration |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Atlassian Corporation Plc | Board Member and Chair of Compensation and Leadership Development Committee | N/A | Current active role outside INTU |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,200,000 | Annual | Fixed base salary for CEO |
| All Other Compensation | $194,944 | Annual | Includes deferral under the Non-Qualified Deferred Compensation Plan |
Performance Compensation
Performance-Based Bonus
| Metric | Value | Details |
|---|---|---|
| Annual Base Salary | $1,200,000 | Base salary used to calculate bonus percentage |
| Target Bonus (% of Salary) | 200% | Target bonus percentage |
| Target Bonus Amount | $2,400,000 | 200% of base salary |
| Actual Bonus Percentage of Target Bonus | 95% | Funding formula result |
| Actual Bonus Amount | $2,280,000 | 95% of target bonus |
Equity Awards
Performance Stock Units (PSUs)
| Metric | Value | Details |
|---|---|---|
| Metric | Relative Total Shareholder Return (TSR) | PSUs tied to Intuit's relative TSR versus a peer group |
| Threshold PSUs | 10,761 | Minimum performance level |
| Target PSUs | 26,903 | Target performance level |
| Maximum PSUs | 53,806 | Capped at 200% of target |
| Grant Date | July 25, 2024 | Date of PSU grant |
| Grant Date Fair Value | $15,597,283 | Fair value assigned on grant |
| Grant Date Stock Price | $626.32 per share | Based on closing price on grant date |
| Vesting Schedule | Performance-based vesting over three periods | One-third of Target PSUs vest in each overlapping performance period; subject to a mandatory one-year holding period |
Stock Options
| Metric | Value | Details |
|---|---|---|
| Number of Options Granted | 45,879 | Total stock options granted |
| Grant Date | July 25, 2024 | Date of option grant |
| Grant Date Fair Value | $8,650,027 | Fair value assigned on grant |
| Exercise Price / Grant Date Stock Price | $626.32 per share | Exercise based on closing market price on grant date |
| Vesting Schedule | 25% vest on July 25, 2025; then 2.083% monthly for the next 36 months | Service-based vesting (no additional performance conditions) |
Restricted Stock Units (RSUs)
| Metric | Value | Details |
|---|---|---|
| Shares Granted | 13,811 shares | Total RSUs granted |
| Grant Date | July 25, 2024 | Date of RSU grant |
| Grant Date Fair Value | $8,650,106 | Fair value assigned on grant |
| Grant Date Stock Price | $626.32 per share | Based on closing market price on grant date |
| Vesting Schedule | 25% vest on July 25, 2025; then 2.083% monthly for 36 months | Service-based vesting; subject to additional one-year holding after vesting |
Additional Notes
- Equity Grant Value Increase: The overall equity grant increased by $9,100,000 to $34,600,000 compared to the previous year.
- Performance Conditions for Bonus: The Performance-Based Bonus payout was determined at 95% of its target due to the bonus plan funding formula.