Intuitive Surgical (ISRG) EVP granted PSUs after targets achieved
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical executive Henry L. Charlton, EVP & Chief Commercial and Marketing, reported the achievement of performance conditions for two performance stock unit (PSU) awards. One award covers 2,861 PSUs granted on February 26, 2024, vesting on February 26, 2027, subject to continued service. The second covers 7,182 PSUs granted on February 28, 2023, vesting on February 28, 2026, also conditioned on ongoing employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Charlton Henry L
Role
EVP & Chief Commercial and Mkt
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-26-2024 | 2,861 | $0.00 | -- |
| Grant/Award | Performance Stock Units - 2-28-2023 | 7,182 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units - 2-26-2024 — 2,861 shares (Direct);
Performance Stock Units - 2-28-2023 — 7,182 shares (Direct)
Footnotes (1)
- Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 26, 2024 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 26, 2027, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date. 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.
FAQ
What insider transaction did Intuitive Surgical (ISRG) report for Henry L. Charlton?
Intuitive Surgical reported that EVP Henry L. Charlton acquired performance stock units after performance goals were achieved. He now holds 2,861 PSUs from a 2024 grant and 7,182 PSUs from a 2023 grant, both subject to future vesting and continued service conditions.
How many performance stock units did ISRG EVP Henry Charlton receive in this Form 4?
Henry L. Charlton reported 2,861 performance stock units from a February 26, 2024 grant and 7,182 performance stock units from a February 28, 2023 grant. Both awards were recorded at a price of $0.0 per unit and reflect achievement of specified performance metrics.
When do Henry Charlton’s Intuitive Surgical performance stock units vest?
The 2,861 PSUs granted on February 26, 2024 vest on February 26, 2027. The 7,182 PSUs granted on February 28, 2023 vest on February 28, 2026. Vesting requires Henry Charlton’s continuous service with Intuitive Surgical through each respective vesting date.
What performance conditions apply to Henry Charlton’s ISRG performance stock units?
Both PSU awards were initially granted subject to achieving specified performance metrics. The Compensation Committee determined that the performance criteria have been achieved. After this determination, the units remain subject to time-based vesting and Henry Charlton’s continued service through the scheduled vesting dates in 2026 and 2027.
Are Henry Charlton’s reported Intuitive Surgical performance stock units held directly or indirectly?
The Form 4 indicates that Henry Charlton’s performance stock units are held with direct ownership. The filing does not reference any trusts, family entities, or other indirect ownership structures for these awards, and no footnote disclaims his beneficial ownership of the reported units.