Intuitive Surgical (ISRG) director settles PSUs, RSUs and tax shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical director Gary S. Guthart reported multiple equity award transactions in company stock. On February 28, 2026, he exercised 26,334 performance stock units and 2,506 restricted stock units, which converted into an equal number of common shares at no exercise price.
To satisfy statutory tax withholding on these settlements, 1,243 shares and 13,059 shares of common stock were disposed of at $503.51 per share, described as share withholding rather than open-market selling. Following these transactions, Guthart continued to hold common stock directly and also indirectly through several trusts for family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,840 shares exercised/converted
Mixed
9 txns
Insider
GUTHART GARY S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units - 2-28-2023 | 26,334 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,506 | $0.00 | -- |
| Exercise | Common Stock | 2,506 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,243 | $503.51 | $626K |
| Exercise | Common Stock | 26,334 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,059 | $503.51 | $6.58M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 11,757 shares (Direct);
Common Stock — 15,720 shares (Indirect, Trust FBO Daughter)
Footnotes (1)
- RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account. Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 28, 2023 subject to achievement of certain performance metrics. The performance criteria for the PSUs reported herein have been achieved, as determined by the Compensation Committee of the Issuer. The PSUs reported herein vest on February 28, 2026, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date. This transaction represents the withholding of shares to cover taxes applicable to a settlement of PSUs reported on this Form 4. Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.
FAQ
What insider transactions did Gary S. Guthart report at Intuitive Surgical (ISRG)?
Gary S. Guthart reported exercising performance stock units and restricted stock units that converted into Intuitive Surgical common stock. Some shares were then withheld and disposed of to cover statutory tax obligations tied to these equity award settlements.
How many Intuitive Surgical (ISRG) performance stock units did Guthart exercise?
Guthart exercised 26,334 performance stock units that had met their performance criteria and vested on February 28, 2026. These units converted on a one-for-one basis into 26,334 shares of Intuitive Surgical common stock upon settlement of the award.