Intuitive Surgical director reports equity award activity
Intuitive Surgical director Gary S. Guthart reported multiple equity award transactions.
Rhea-AI Filing Summary
Intuitive Surgical director Gary S. Guthart reported multiple equity award transactions. He received 8,778 performance stock units granted on February 28, 2023 after performance criteria were achieved, which are scheduled to vest on February 28, 2026, subject to continued service.
He also acquired 4,960 and 3,433 shares of common stock through the vesting and conversion of restricted stock units, with related dispositions of 2,460 and 1,703 shares at $506.17 per share to cover statutory tax withholding obligations. Following these transactions, he holds 9,251 shares of common stock directly, plus additional indirect holdings through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,393 shares exercised/converted
Exercise
10 txns
Insider
GUTHART GARY S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 8,778 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - 2-26-2024 | 4,960 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - 2-26-2025 | 3,433 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,960 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,460 | $506.17 | $1.25M |
| Exercise | Common Stock | 3,433 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,703 | $506.17 | $862K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 26,334 contracts (Direct);
Restricted Stock Units - 2-26-2024 — 9,920 contracts (Direct);
Restricted Stock Units - 2-26-2025 — 10,299 contracts (Direct);
Common Stock — 9,251 shares (Direct);
Common Stock — 15,720 shares (Indirect, Trust FBO Daughter);
Common Stock — 15,720 shares (Indirect, Trust FBO Son);
Common Stock — 1,231,890 shares (Indirect, by Trust)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gary S. Guthart report in the latest ISRG Form 4?
Gary S. Guthart reported equity award activity, including new performance stock units and restricted stock units converting into common stock, along with shares withheld for taxes. These transactions reflect compensation-related movements, not open-market purchases or sales of Intuitive Surgical (ISRG) stock.
How many performance stock units did Gary S. Guthart receive at Intuitive Surgical (ISRG)?
He received 8,778 performance stock units tied to metrics set on February 28, 2023. The compensation committee determined the performance criteria were achieved, and the units are scheduled to vest on February 28, 2026 if he continues to serve the company.
What common stock transactions did Gary S. Guthart report for Intuitive Surgical (ISRG)?
He acquired common shares through the conversion of restricted stock units and had 2,460 and 1,703 shares withheld at $506.17 per share for tax liabilities. These are tax-withholding dispositions associated with vesting awards, not discretionary market sales.
How do Gary S. Guthart’s restricted stock units vest at Intuitive Surgical (ISRG)?
His restricted stock units generally vest 25% on the first anniversary of the grant date and then annually over four years. Each vested restricted stock unit converts into one share of Intuitive Surgical common stock, with some shares withheld to satisfy statutory tax obligations.
What conditions apply to Gary S. Guthart’s performance stock units at Intuitive Surgical (ISRG)?
The performance stock units were originally granted on February 28, 2023, subject to specific performance metrics. The compensation committee confirmed these criteria were achieved, and the units vest on February 28, 2026, contingent on his continuous service through that vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
