Intuitive Surgical (ISRG) EVP sells 2,345 shares after PSU vesting
Rhea-AI Filing Summary
Intuitive Surgical EVP & Chief Medical Officer Myriam Curet reported multiple equity award transactions involving performance stock units (PSUs), restricted stock units (RSUs), and common stock. PSUs initially granted on February 28, 2023 had their performance criteria certified, and the resulting PSUs vested on February 28, 2026, converting into common shares.
On the same date, RSUs also vested and converted one-for-one into common stock. Some of the newly delivered shares were withheld to cover statutory tax obligations related to the PSU and RSU settlements, using shares valued at about $503.51 per share. In a separate move on February 27, 2026, a trust associated with Curet sold 2,345 shares of Intuitive Surgical common stock at an average price of $499.71 per share under a pre-arranged Rule 10b5-1 trading plan that expires on July 29, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units - 2-28-2023 | 8,378 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,002 | $0.00 | -- |
| Exercise | Common Stock | 1,002 | $0.00 | -- |
| Tax Withholding | Common Stock | 497 | $503.51 | $250K |
| Exercise | Common Stock | 8,378 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,155 | $503.51 | $2.09M |
| Sale | Common Stock | 2,345 | $499.71 | $1.17M |
Footnotes (1)
- The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on July 29, 2026. 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.
