Intuitive Surgical (NASDAQ: ISRG) SVP stock units vest, shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical SVP and Chief Manufacturing and Supply Chain Officer Mark Brosius reported equity vesting and related tax withholdings. On February 28, 2026, 8,378 performance stock units granted on February 28, 2023 and 877 restricted stock units granted on February 28, 2022 converted into common stock.
In connection with these settlements, 435 and 4,155 shares of common stock were withheld at a price of $503.51 per share to cover tax liabilities and exercise costs. After these transactions, Brosius directly owned 6,564 shares of Intuitive Surgical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,255 shares exercised/converted
Mixed
6 txns
Insider
Brosius Mark
Role
SVP & Chief Mfg and Supply Cha
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units - 2-28-2023 | 8,378 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-28-2022 | 877 | $0.00 | -- |
| Exercise | Common Stock | 877 | $0.00 | -- |
| Tax Withholding | Common Stock | 435 | $503.51 | $219K |
| Exercise | Common Stock | 8,378 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,155 | $503.51 | $2.09M |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 0 shares (Direct);
Restricted Stock Units - 2-28-2022 — 0 shares (Direct);
Common Stock — 2,776 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. 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 Intuitive Surgical (ISRG) report for Mark Brosius?
Intuitive Surgical reported that SVP Mark Brosius had performance stock units and restricted stock units convert into common stock on February 28, 2026, followed by share withholdings to cover taxes and exercise costs, as disclosed in the Form 4 transaction details and related footnotes.
Did the Intuitive Surgical Form 4 involve open-market stock sales or purchases?
The Form 4 reflects derivative exercises and tax-withholding dispositions, not open-market trades. Shares were issued upon vesting of performance and restricted stock units, and a portion of those shares was withheld to cover tax liabilities and exercise-related obligations, according to the transaction codes and footnotes.
How do Intuitive Surgical performance stock units and RSUs described here vest?
Restricted stock units vest 25% per year over four years, starting on the first anniversary of the grant date. The performance stock units vested on February 28, 2026 after performance criteria were achieved, as determined by the compensation committee and subject to continued service requirements.