Intuitive Surgical (NASDAQ: ISRG) EVP awarded PSUs and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical executive Henry L. Charlton reported multiple equity awards and share settlements related to prior grants. On February 26, 2026, he received 3,591 performance stock units granted in 2023 and 4,032 new restricted stock units, all at a stated price of $0.00 per unit.
On the same date, 1,717 and 1,030 restricted stock units converted into common stock, while 765 and 459 common shares were withheld to cover tax obligations tied to these vestings. Following these transactions, he directly held 5,220 shares of Intuitive Surgical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,747 shares exercised/converted
Mixed
8 txns
Insider
Charlton Henry L
Role
EVP & Chief Commercial and Mkt
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 3,591 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2024 | 1,717 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2025 | 1,030 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 4,032 | $0.00 | -- |
| Exercise | Common Stock | 1,717 | $0.00 | -- |
| Tax Withholding | Common Stock | 765 | $506.17 | $387K |
| Exercise | Common Stock | 1,030 | $0.00 | -- |
| Tax Withholding | Common Stock | 459 | $506.17 | $232K |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 10,773 shares (Direct);
Restricted Stock Units - 2-26-2024 — 3,434 shares (Direct);
Restricted Stock Units - 2-26-2025 — 3,090 shares (Direct);
Restricted Stock Units - 2-26-2026 — 4,032 shares (Direct);
Common Stock — 5,414 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 equity awards did ISRG executive Henry L. Charlton receive?
Henry L. Charlton received 3,591 performance stock units granted in 2023 and 4,032 new restricted stock units on February 26, 2026. These awards represent contingent rights to receive Intuitive Surgical common stock, subject to vesting schedules and continued service conditions described in the filing footnotes.
How do the performance stock units (PSUs) for ISRG vest for Henry L. Charlton?
The performance stock units granted on February 28, 2023 vest on February 28, 2026, the third anniversary of the grant. Vesting occurs after achievement of specified performance metrics and is subject to Henry L. Charlton’s continuous service through the vesting date, according to the filing footnote.
What is the vesting schedule for Henry L. Charlton’s restricted stock units at Intuitive Surgical?
Each restricted stock unit grant vests 25% on the first anniversary of the grant date and then annually over four years. Upon each vesting date, vested RSUs convert into common stock on a one-for-one basis, subject to any shares withheld to satisfy statutory tax withholding obligations.