Intuitive Surgical (ISRG) SVP reports PSU and RSU grants plus tax share withholding
Rhea-AI Filing Summary
Intuitive Surgical senior vice president Mark Brosius reported several equity compensation transactions. He received 2,793 performance stock units originally granted on February 28, 2023, after the company confirmed the required performance goals were achieved. These PSUs are scheduled to vest on February 28, 2026, subject to continued service.
He also received a new grant of 4,928 restricted stock units dated February 26, 2026, which vest 25% annually over four years. Previously granted RSUs from 2024 and 2025 partially vested, converting into 1,622 and 973 shares of common stock, with 805 and 483 shares respectively withheld at a price of $506.17 per share to cover statutory tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,307 shares
Net Buy
8 txns
Insider
Brosius Mark
Role
SVP & Chief Mfg and Supply Cha
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 2,793 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - 2-26-2024 | 1,622 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units - 2-26-2025 | 973 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 4,928 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,622 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 805 | $506.17 | $407K |
| Exercise | Common Stock | 973 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 483 | $506.17 | $244K |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 8,378 shares (Direct);
Restricted Stock Units - 2-26-2024 — 3,243 shares (Direct);
Restricted Stock Units - 2-26-2025 — 2,918 shares (Direct);
Restricted Stock Units - 2-26-2026 — 4,928 shares (Direct);
Common Stock — 1,899 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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.
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FAQ
What insider transactions did ISRG executive Mark Brosius report?
Mark Brosius reported equity compensation activity, including vesting and new grants of performance stock units and restricted stock units, plus related common stock issuances and tax-withholding share disposals. These transactions reflect scheduled compensation events rather than open-market stock purchases or sales.
How many performance stock units did the ISRG executive receive in this Form 4?
He reported 2,793 performance stock units tied to a February 28, 2023 grant. The compensation committee determined performance criteria were achieved, and these units are scheduled to vest on February 28, 2026, contingent on his continued service with Intuitive Surgical through that date.
What new restricted stock unit grant did ISRG disclose for Mark Brosius?
Intuitive Surgical reported a new grant of 4,928 restricted stock units dated February 26, 2026. Each unit represents a right to one common share, vesting 25% on the first anniversary of grant and then annually over four years, subject to continued employment.
How do the reported RSUs convert into Intuitive Surgical common stock?
Each restricted stock unit converts into one share of Intuitive Surgical common stock upon vesting. The RSUs generally vest 25% per year over four years starting on the first anniversary of the grant date, with shares sometimes withheld to cover required tax withholdings.
What conditions apply to the ISRG performance stock units reported?
The performance stock units were initially subject to specified performance metrics that the compensation committee has determined were achieved. They are scheduled to vest on February 28, 2026, the third anniversary of the original grant date, assuming Mark Brosius remains in continuous service.