Intuitive Surgical (ISRG) HR chief trades RSUs and sells shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intuitive Surgical senior executive Patricia L. Wadors reported mixed equity transactions. She sold 220 shares of common stock in an open-market sale at $499.71 per share under a Rule 10b5-1 trading plan that expires on June 5, 2026. In connection with RSUs vesting, 458 shares were delivered, with 238 shares withheld at $506.17 per share to cover taxes. She also received a new grant of 3,584 restricted stock units that vest 25% annually over four years, each RSU representing one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 220 shares ($109,936)
Net Sell
5 txns
Insider
WADORS PATRICIA L
Role
SVP Chief Human Resources Offi
Sold
220 shs ($110K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 220 | $499.71 | $110K |
| Exercise | Restricted Stock Units - 2-26-2025 | 458 | $0.00 | -- |
| Grant/Award | Restricted Stock Units - 2-26-2026 | 3,584 | $0.00 | -- |
| Exercise | Common Stock | 458 | $0.00 | -- |
| Tax Withholding | Common Stock | 238 | $506.17 | $120K |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Restricted Stock Units - 2-26-2025 — 1,373 shares (Direct);
Restricted Stock Units - 2-26-2026 — 3,584 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. The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on June 5, 2026. 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 stock sale did ISRG executive Patricia Wadors report?
Patricia L. Wadors reported selling 220 shares of Intuitive Surgical common stock in an open-market transaction at $499.71 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which is scheduled to expire on June 5, 2026.
What RSU grant did ISRG executive Patricia Wadors receive?
Patricia L. Wadors received a new grant of 3,584 restricted stock units of Intuitive Surgical. Each RSU represents one share of common stock and vests 25% annually, beginning on the first anniversary of the grant date and continuing over four years.
How do Patricia Wadors’ ISRG restricted stock units vest and convert?
Her restricted stock units vest 25% per year over four years, starting one year after grant. On each vesting date, RSUs automatically convert into Intuitive Surgical common stock on a one-for-one basis, with some shares typically withheld to cover tax obligations.
Was Patricia Wadors’ ISRG stock sale under a 10b5-1 plan?
Yes. The reported sale of 220 Intuitive Surgical shares occurred under a Rule 10b5-1 trading plan. This pre-arranged plan sets predetermined trading instructions and, in this case, is described as expiring on June 5, 2026.
What derivative transactions did ISRG report for Patricia Wadors?
Intuitive Surgical reported RSU-related derivative activity for Patricia Wadors, including the exercise or conversion of 458 RSUs into common stock and a new grant of 3,584 RSUs. These transactions involve no cash purchase price and follow the company’s vesting schedule.