Intuitive Surgical (NASDAQ: ISRG) CEO RSUs vest; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTUITIVE SURGICAL INC CEO David J. Rosa reported routine equity compensation activity involving restricted stock units (RSUs). On June 10, 2026, 1,358 RSUs granted on June 10, 2023 vested and converted into the same number of common shares on a one-for-one basis. To satisfy statutory tax withholding requirements, 674 of those shares were disposed of at a reference price of $426.61 per share, with the remaining net shares deposited into the holder’s account. The RSU award vests 25% per year over four years, subject to continued service. Following these transactions, Rosa directly holds 246,567 shares of Intuitive Surgical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,358 shares exercised/converted
Mixed
3 txns
Insider
Rosa David J.
Role
Chief Executive Officer (CEO)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units - 6-12-23 | 1,358 | $0.00 | -- |
| Exercise | Common Stock | 1,358 | $0.00 | -- |
| Tax Withholding | Common Stock | 674 | $426.61 | $288K |
Holdings After Transaction:
Restricted Stock Units - 6-12-23 — 1,358 shares (Direct, null);
Common Stock — 246,567 shares (Direct, null)
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. Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of June 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
Key Figures
RSUs vested: 1,358 units
Shares withheld for taxes: 674 shares
Reference price per share: $426.61/share
+2 more
5 metrics
RSUs vested
1,358 units
Restricted stock units vesting on June 10, 2026
Shares withheld for taxes
674 shares
Statutory tax withholding from vested RSUs
Reference price per share
$426.61/share
Value used for tax-withholding disposition
Direct holdings after transaction
246,567 shares
CEO David J. Rosa direct common stock ownership
Net new shares from vesting
684 shares
Vested 1,358 minus 674 shares withheld for taxes
Key Terms
restricted stock units ("RSUs"), statutory tax withholding requirements, vest, continuous service
4 terms
restricted stock units ("RSUs") financial
"Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
statutory tax withholding requirements financial
"a portion of the shares were held back to cover the statutory tax withholding requirements"
vest financial
"RSUs convert into common stock on the vest date on a one-for-one basis"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to Reporting Person's continuous service to the Issuer through each such vesting date"
FAQ
What insider transaction did Intuitive Surgical (ISRG) report for CEO David J. Rosa?
Intuitive Surgical CEO David J. Rosa reported RSU vesting and related tax withholding. On June 10, 2026, 1,358 RSUs vested into common shares, and 674 shares were withheld to cover statutory taxes, leaving the remaining shares deposited into his account.
How many Intuitive Surgical (ISRG) RSUs vested for the CEO in this Form 4?
A total of 1,358 restricted stock units vested and converted into common stock. These RSUs are part of a grant dated June 10, 2023 and vest 25% per year over four years, contingent on the CEO’s continuous service with Intuitive Surgical.
What is the vesting schedule of the CEO’s Intuitive Surgical (ISRG) RSUs?
The RSUs vest 25% per year over four years starting June 10, 2023. Each RSU converts into one share of Intuitive Surgical common stock upon vesting, provided the reporting person remains in continuous service with the company through each vesting date.
Was this Intuitive Surgical (ISRG) insider transaction an open-market buy or sell?
The transaction was not an open-market trade. It reflects RSUs vesting into common shares and a related tax-withholding disposition, where 674 shares were delivered to cover statutory taxes rather than being sold in the open market for discretionary portfolio reasons.