Intuitive Surgical (ISRG) CEO logs PSU and RSU vesting with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical CEO David J. Rosa reported multiple equity transactions on February 28, 2026 tied to vesting of performance and restricted stock units. He exercised or converted derivative awards into common stock, including 14,363 and 9,052 performance stock units from 2023 grants and 1,503 restricted stock units, each on a one-for-one basis into common shares.
To satisfy statutory tax withholding on these settlements, the company withheld shares classified as dispositions under code F, including 7,122, 4,489, and 746 common shares at a price of $503.51 per share. After these exercises and tax-withholding dispositions, Rosa directly owned 245,209 shares of Intuitive Surgical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,918 shares exercised/converted
Mixed
9 txns
Insider
Rosa David J.
Role
Chief Executive Officer (CEO)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units - 2-28-2023 | 14,363 | $0.00 | -- |
| Exercise | Performance Stock Units - 6-12-2023 | 9,052 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,503 | $0.00 | -- |
| Exercise | Common Stock | 1,503 | $0.00 | -- |
| Tax Withholding | Common Stock | 746 | $503.51 | $376K |
| Exercise | Common Stock | 14,363 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,122 | $503.51 | $3.59M |
| Exercise | Common Stock | 9,052 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,489 | $503.51 | $2.26M |
Holdings After Transaction:
Performance Stock Units - 2-28-2023 — 0 shares (Direct);
Performance Stock Units - 6-12-2023 — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 234,151 shares (Direct)
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. 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. This transaction represents the withholding of shares to cover taxes applicable to a settlement of PSUs reported on this Form 4. Represents performance stock units ("PSUs") initially granted to the Reporting Person on June 12, 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. 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.
FAQ
What insider transactions did Intuitive Surgical (ISRG) CEO David Rosa report?
David Rosa reported exercises of performance and restricted stock units into Intuitive Surgical common stock, along with share dispositions for tax withholding. These transactions reflect equity awards vesting rather than open-market purchases or sales, and are typical for executive compensation structures.
Were any of the Intuitive Surgical (ISRG) CEO’s reported transactions open-market sales?
The Form 4 shows dispositions coded F, which represent shares withheld to cover taxes on equity award settlements at $503.51 per share. This indicates tax-withholding transactions rather than discretionary open-market sales initiated to reduce or monetize his shareholdings.
What do the performance stock units (PSUs) in the Intuitive Surgical (ISRG) Form 4 represent?
The performance stock units were initially granted in 2023 and became earned after the compensation committee confirmed performance goals were achieved. They vest on February 28, 2026, the third anniversary of grant, contingent on David Rosa’s continuous service through the vesting date.
How do restricted stock units (RSUs) for Intuitive Surgical (ISRG) CEO vest over time?
Each restricted stock unit represents a right to receive one Intuitive Surgical share. The grant vests 25% on the first anniversary of the grant date and 25% annually over four years, leading to periodic share deliveries and related tax-withholding share dispositions.