Intuitive Surgical (NASDAQ: ISRG) SVP earns new performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical executive Mark Brosius reported new performance-based equity awards. On January 28, 2026, he was credited with 2,702 performance stock units tied to a grant dated February 26, 2024 and 5,585 performance stock units tied to a grant dated February 28, 2023.
The company’s compensation committee determined the performance criteria for both awards had been achieved. The 2024-related units are scheduled to vest on February 26, 2027, and the 2023-related units on February 28, 2026, in each case requiring Brosius to remain in continuous service until those vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brosius Mark
Role
SVP & Chief Mfg and Supply Cha
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-26-2024 | 2,702 | $0.00 | -- |
| Grant/Award | Performance Stock Units - 2-28-2023 | 5,585 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units - 2-26-2024 — 2,702 shares (Direct);
Performance Stock Units - 2-28-2023 — 5,585 shares (Direct)
Footnotes (1)
- Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 26, 2024 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 26, 2027, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date. 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.
FAQ
What does the latest Form 4 for Intuitive Surgical (ISRG) report?
The Form 4 reports that SVP Mark Brosius acquired performance stock units after meeting set performance criteria. He was credited with 2,702 PSUs from a 2024 grant and 5,585 PSUs from a 2023 grant, subject to future time-based vesting.
Who is the insider involved in this Intuitive Surgical (ISRG) Form 4 filing?
The filing involves Mark Brosius, an officer of Intuitive Surgical serving as SVP & Chief Manufacturing and Supply Chain. The transactions reflect equity compensation awards in the form of performance stock units, not open-market purchases or sales of common shares.
How many performance stock units did Mark Brosius receive in this ISRG filing?
Mark Brosius was credited with 2,702 performance stock units from a February 26, 2024 grant and 5,585 performance stock units from a February 28, 2023 grant. Both awards reflect achievement of predefined performance criteria set by Intuitive Surgical’s compensation committee.
When do the reported Intuitive Surgical performance stock units vest for Mark Brosius?
The 2,702 performance stock units tied to the February 26, 2024 grant vest on February 26, 2027. The 5,585 units tied to the February 28, 2023 grant vest on February 28, 2026, assuming Brosius maintains continuous service with Intuitive Surgical until those dates.
What triggered the recognition of these performance stock units at Intuitive Surgical?
The units were recognized after the compensation committee determined that required performance metrics had been achieved. Once those criteria were certified as met, the related performance stock units for the 2023 and 2024 grants were credited to Mark Brosius, subject to later time-based vesting.