Intuitive Surgical (NASDAQ: ISRG) CFO reports PSUs, RSUs and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical EVP & CFO Jamie Samath reported multiple equity-compensation transactions in company stock. He received a grant of 3,591 performance stock units originally awarded on February 28, 2023, after performance criteria were certified, and 6,720 new restricted stock units granted on February 26, 2026. In addition, 1,908 and 1,488 restricted stock units from prior awards converted into common shares at no cash cost, reflecting scheduled vesting. To cover statutory tax withholding on these vestings, 900 and 738 common shares were withheld and delivered for taxes, leaving the remaining net shares in his account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,396 shares exercised/converted
Mixed
8 txns
Insider
Samath Jamie
Role
EVP & CFO & Enterprise Technol
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 3,591 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2024 | 1,908 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2025 | 1,488 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 6,720 | $0.00 | -- |
| Exercise | Common Stock | 1,908 | $0.00 | -- |
| Tax Withholding | Common Stock | 900 | $506.17 | $456K |
| Exercise | Common Stock | 1,488 | $0.00 | -- |
| Tax Withholding | Common Stock | 738 | $506.17 | $374K |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 10,773 shares (Direct);
Restricted Stock Units - 2-26-2024 — 3,815 shares (Direct);
Restricted Stock Units - 2-26-2025 — 4,463 shares (Direct);
Restricted Stock Units - 2-26-2026 — 6,720 shares (Direct);
Common Stock — 9,707 shares (Direct)
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. 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 ISRG EVP & CFO Jamie Samath report?
Jamie Samath reported equity compensation activity, including performance stock units and restricted stock units vesting into common shares, plus new RSU and PSU grants. Some resulting shares were withheld to satisfy tax obligations rather than sold in open-market transactions.
Did the ISRG Form 4 for Jamie Samath show any open-market stock sales?
The filing shows no open-market sales. Dispositions coded “F” reflect shares withheld to pay taxes tied to vesting and exercises, not discretionary selling, with remaining net shares deposited into the executive’s account.
How many performance stock units were reported by ISRG CFO Jamie Samath?
He reported 3,591 performance stock units tied to a February 28, 2023 award. The compensation committee confirmed performance achievement, and these units are scheduled to vest on February 28, 2026, subject to his continued service with Intuitive Surgical.
What restricted stock unit activity was disclosed for ISRG’s Jamie Samath?
The Form 4 shows earlier RSU awards from 2024 and 2025 converting into common shares as they vested, plus a new grant of 6,720 RSUs. RSUs vest 25% per year over four years and convert one-for-one into common stock on each vesting date.
Does the ISRG Form 4 indicate Jamie Samath’s ownership is direct or indirect?
All reported common stock, RSU, and PSU positions are listed as directly owned. The filing does not attribute the holdings to any trust, partnership, or other entity, and there are no footnotes disclaiming beneficial ownership.