Intuitive Surgical EVP vests 2,612 RSUs, nets 3,561 shares
Rhea-AI Filing Summary
Gary Loeb, EVP & Chief Legal and Compliance at Intuitive Surgical (ISRG), reported beneficial ownership changes on 10/10/2025. A vesting event converted 2,612 restricted stock units into common shares (transaction code M), with net shares deposited after withholding for taxes. Immediately following the vesting, the filing shows a sale/disposition of 1,296 shares at $443.76 (transaction code F), leaving the reporting person with 3,561 shares beneficially owned. The RSU grant vests 25% annually over four years, and the filing notes that 25% of the grant was released at this vesting date.
Positive
- Continued ownership of 3,561 shares after transactions indicates retained equity exposure
- RSU vesting follows the disclosed 25%-per-year schedule, reflecting predictable compensation mechanics
Negative
- Partial sale of 1,296 shares at $443.76 reduced holdings and introduced short-term liquidity
- Tax withholding required retention of some vested shares, reducing net deposited shares from the full vested amount
Insights
RSU vesting and a partial sale reflect routine compensation settlement and tax withholding.
The filing documents an automatic conversion of 2,612 restricted stock units into common stock on 10/10/2025, consistent with a standard 25%-per-year vesting schedule. A portion of the vested shares were withheld for statutory taxes and the remaining net shares were deposited to the holder's account.
The subsequent disposal of 1,296 shares at $443.76 appears as a separate sale reducing beneficial ownership to 3,561 shares. Monitor remaining vesting tranches (annual through the fourth anniversary) for future share inflows and potential sales within the next 12 months.
Insider retained a majority of vested shares, indicating partial liquidity rather than full exit.
The reporting person retained net shares after tax withholding and sold roughly 49.6% of the vested shares (1,296 of 2,612). Ownership after the transactions remained at 3,561 shares, showing continued equity exposure.
Key items to watch include scheduled vesting on remaining RSU installments and any future Form 4 entries that would show additional sales or purchases across the next 12–36 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,612 | $0.00 | -- |
| Exercise | Common Stock | 2,612 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,296 | $443.76 | $575K |
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. 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.
