Intuitive Surgical director exercises and gains RSUs
INTUITIVE SURGICAL INC director Lewis Chew reported routine equity compensation changes.
Rhea-AI Filing Summary
INTUITIVE SURGICAL INC director Lewis Chew reported routine equity compensation changes. On April 30, 2026, he exercised 531 shares of restricted stock units into an equal number of common shares, bringing his direct common stock holdings to 1,314 shares after the transaction.
On the same date, he also received a new grant of 554 restricted stock units, each representing one share of common stock. According to the terms, 100% of these RSUs will vest on the earlier of one year from grant or the next Annual Meeting of Stockholders, assuming he continues in service.
Positive
- None.
Negative
- None.
Insider Trade Summary
531 shares exercised/converted
Exercise
3 txns
Insider
CHEW LEWIS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 531 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units - 4-30-2026 | 554 | $0.00 | $0.00 |
| Exercise | Common Stock | 531 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Restricted Stock Units - 4-30-2026 — 554 contracts (Direct);
Common Stock — 1,314 shares (Direct)
Footnotes (1)
- F1. 100% of the RSUs shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to the Reporting Person's continued service.
Key Figures
RSUs exercised: 531 shares
Common shares after transaction: 1,314 shares
New RSU grant: 554 units
+2 more
5 metrics
RSUs exercised
531 shares
Restricted Stock Units converted to common stock on April 30, 2026
Common shares after transaction
1,314 shares
Direct INTUITIVE SURGICAL INC common stock holdings after exercise
New RSU grant
554 units
Restricted Stock Units granted on April 30, 2026
Underlying shares for new RSUs
554 shares
Each new RSU corresponds to one share of common stock
Vesting condition
100% cliff vesting
Earlier of one year from grant or next Annual Meeting of Stockholders
Key Terms
Restricted Stock Units, derivative security, Annual Meeting of Stockholders, equity compensation
4 terms
Restricted Stock Units financial
"The filing reports transactions in Restricted Stock Units that convert into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"One transaction is described as an exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Annual Meeting of Stockholders financial
"100% of the RSUs shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders."
equity compensation financial
"These RSU grants and exercises function as part of the director’s equity compensation."
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ISRG director Lewis Chew report on April 30, 2026?
Lewis Chew reported exercising 531 restricted stock units into 531 shares of INTUITIVE SURGICAL INC common stock and receiving a new grant of 554 restricted stock units, all dated April 30, 2026, as part of his equity compensation arrangements.
What are the terms of Lewis Chew’s new 554 RSU grant at Intuitive Surgical (ISRG)?
Lewis Chew received 554 restricted stock units, each tied to one share of common stock. All 554 RSUs vest 100% on the earlier of the one-year anniversary of the grant date or the next Annual Meeting of Stockholders, contingent on his continued service.
How are the derivative securities treated in Lewis Chew’s April 30, 2026 ISRG filing?
One block of 531 restricted stock units was exercised, reducing that derivative position to zero while creating 531 common shares. A separate award of 554 new restricted stock units was granted, establishing a fresh derivative position tied to future vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
