Intuitive Surgical (ISRG) HR chief discloses RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Intuitive Surgical executive Patricia L. Wadors, SVP and Chief Human Resources Officer, filed an initial ownership report showing she directly holds two blocks of restricted stock units (RSUs) in Intuitive Surgical common stock. One award covers 6,419 RSUs that vest 25% each year on October 10 starting in 2024, and another covers 1,831 RSUs that vest 25% each year on February 26 starting in 2025. Each RSU converts into one share of common stock when it vests, conditioned on her continued service with the company.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WADORS PATRICIA L
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,419 shares (Direct)
Footnotes (1)
- Each restricted stock units ("RSUs") represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of October 10, 2024, subject to Reporting Person's continuous service to the Issuer through each such vesting date. Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 26, 2025, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
FAQ
What does the ISRG Form 3 filing by Patricia Wadors report?
The Form 3 shows that executive Patricia L. Wadors holds two blocks of restricted stock units in Intuitive Surgical common stock. It is an initial ownership report detailing her existing equity-based compensation and how it will vest over time, not a stock sale or purchase.
How many RSUs does Patricia Wadors hold in Intuitive Surgical (ISRG)?
Patricia Wadors reports holding 6,419 restricted stock units and a separate award of 1,831 restricted stock units, each tied to Intuitive Surgical common stock. Every RSU represents the right to receive one share when vesting conditions tied to her continued service are satisfied over several years.
How do the RSUs reported by Patricia Wadors in ISRG vest over time?
The 6,419 RSUs vest in four equal annual installments of 25% each on the anniversaries of October 10, 2024. The 1,831 RSUs vest 25% annually on the anniversaries of February 26, 2025. Vesting for both awards requires her continuous service with Intuitive Surgical.
Is the ISRG Form 3 for Patricia Wadors a stock sale or purchase?
No, the Form 3 does not reflect a sale or purchase. It is an initial disclosure of beneficial ownership, listing restricted stock unit awards already granted to Patricia Wadors. These RSUs convert into shares only as they vest under their stated service-based schedules.
What role does Patricia Wadors hold at Intuitive Surgical (ISRG)?
Patricia Wadors is identified as Intuitive Surgical’s Senior Vice President and Chief Human Resources Officer. Her Form 3 filing details equity incentives associated with this executive role, specifically two restricted stock unit awards that vest over time as she continues her employment with the company.
What does each RSU in the ISRG Form 3 represent for Patricia Wadors?
Each restricted stock unit represents a contingent right to receive one share of Intuitive Surgical common stock upon vesting. Vesting occurs in 25% annual installments on specified anniversary dates, and depends on Patricia Wadors maintaining continuous service with the company through each vesting date.