Intuitive Surgical (NASDAQ: ISRG) SVP gets stock units and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical SVP Iman Jeddi reported multiple equity compensation transactions dated February 26, 2026. He was granted 2,793 performance stock units originally awarded on February 28, 2023, after the Compensation Committee confirmed performance goals were achieved; these PSUs vest on February 28, 2026, subject to continued service. He also received a new grant of 4,480 restricted stock units that vest 25% annually over four years. Previously granted RSUs converted into 1,622 and 687 shares of common stock on a one-for-one basis as they vested, with 631 and 341 shares of common stock withheld at a price of $506.17 per share to cover statutory tax obligations. Following these transactions, he holds direct common stock and derivative awards, and 26,649 additional common shares are held indirectly by a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,309 shares exercised/converted
Mixed
9 txns
Insider
Jeddi Iman
Role
SVP & GM da Vinci Platforms &
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units - 2-28-2023 | 2,793 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2024 | 1,622 | $0.00 | -- |
| Exercise | Restricted Stock Units - 2-26-2025 | 687 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 4,480 | $0.00 | -- |
| Exercise | Common Stock | 1,622 | $0.00 | -- |
| Tax Withholding | Common Stock | 631 | $506.17 | $319K |
| Exercise | Common Stock | 687 | $0.00 | -- |
| Tax Withholding | Common Stock | 341 | $506.17 | $173K |
| holding | Common Stock | -- | -- | -- |
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 — 2,059 shares (Direct);
Restricted Stock Units - 2-26-2026 — 4,480 shares (Direct);
Common Stock — 2,207 shares (Direct);
Common Stock — 26,649 shares (Indirect, by Trust)
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. 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 did Intuitive Surgical (ISRG) executive Iman Jeddi report in this Form 4?
Iman Jeddi reported new grants and vesting of equity awards, including performance stock units and restricted stock units, along with related tax share withholdings. These transactions reflect routine executive compensation activity rather than open-market stock purchases or discretionary sales.
How many performance stock units did Iman Jeddi report for Intuitive Surgical (ISRG)?
He reported 2,793 performance stock units initially granted on February 28, 2023. The Compensation Committee determined the performance criteria were achieved, and these units are scheduled to vest on February 28, 2026, if he remains in continuous service with Intuitive Surgical.
What restricted stock unit grants did Iman Jeddi receive from Intuitive Surgical (ISRG)?
He received a grant of 4,480 restricted stock units that vest 25% on the first anniversary of the grant date and annually thereafter over four years. Each RSU represents a contingent right to receive one share of Intuitive Surgical common stock upon vesting.
How do the RSUs in this Intuitive Surgical (ISRG) Form 4 vest and convert?
Each restricted stock unit converts into one share of common stock on the vesting date. The RSUs vest 25% per year over four years, starting one year after the grant date, with some shares withheld to cover required tax withholding obligations.
What indirect Intuitive Surgical (ISRG) holdings are reported for Iman Jeddi?
The Form 4 notes 26,649 shares of Intuitive Surgical common stock held indirectly by a trust. This is reported as indirect ownership "by Trust," indicating an additional position associated with the reporting person separate from his directly held shares and awards.