Intuitive Surgical (ISRG) legal chief logs RSU, PSU awards and tax share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical executive Gary Loeb, EVP & Chief Legal and Compliance, reported several equity-related transactions in company stock. On February 26, 2026, he acquired shares of common stock through the vesting and conversion of previously granted restricted stock units and performance stock units, and also received new equity awards.
The filing shows tax-withholding dispositions of 757 and 455 shares of common stock at $506.17 per share to cover statutory obligations, rather than open-market sales. Loeb was also granted 1,050 performance stock units tied to previously achieved performance metrics and 3,584 new restricted stock units that vest 25% annually over four years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,442 shares exercised/converted
Mixed
8 txns
Insider
LOEB GARY
Role
EVP & Chief Legal and Complian
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 1,050 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2024 | 1,526 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2025 | 916 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 3,584 | $0.00 | -- |
| Exercise | Common Stock | 1,526 | $0.00 | -- |
| Tax Withholding | Common Stock | 757 | $506.17 | $383K |
| Exercise | Common Stock | 916 | $0.00 | -- |
| Tax Withholding | Common Stock | 455 | $506.17 | $230K |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 3,148 shares (Direct);
Restricted Stock Units - 2-26-2024 — 3,052 shares (Direct);
Restricted Stock Units - 2-26-2025 — 2,746 shares (Direct);
Restricted Stock Units - 2-26-2026 — 3,584 shares (Direct);
Common Stock — 5,230 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 executive Gary Loeb report?
Gary Loeb reported a mix of equity acquisitions and tax-related share dispositions. He acquired common shares via vesting of restricted and performance stock units, and some shares were withheld or delivered to satisfy statutory tax obligations rather than sold on the open market.
What new equity awards did Gary Loeb receive from Intuitive Surgical (ISRG)?
Gary Loeb received 1,050 performance stock units originally granted in 2023, whose performance criteria were achieved, and 3,584 new restricted stock units. The restricted stock units vest 25% on the first anniversary of grant and then annually over four years, subject to continued service.
How do Gary Loeb’s performance stock units at ISRG vest?
The 1,050 performance stock units were granted on February 28, 2023, subject to performance goals that have been achieved. These units vest on February 28, 2026, the third anniversary of grant, provided Gary Loeb maintains continuous service with Intuitive Surgical through the vesting date.