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Medtronic (NYSE: MDT) CAO receives stock grant, withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Medtronic plc Chief Accounting Officer Denise L. Blomquist reported routine equity compensation activity. On April 27, 2026, she acquired 1,508 Ordinary Shares at $0.00 per share as a grant of restricted stock units that vest in three annual installments beginning one year from the grant date.

On April 28, 2026, 318 Ordinary Shares were disposed of at $81.90 per share, representing shares withheld to pay taxes upon vesting of previously granted restricted stock units, rather than an open-market sale. After these transactions, she directly owned 13,262 Ordinary Shares, including 106 shares acquired through dividend reinvestment since her last report.

Positive

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Negative

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Insider Blomquist Denise L.
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Ordinary Shares 318 $81.90 $26K
Grant/Award Ordinary Shares 1,508 $0.00 --
Holdings After Transaction: Ordinary Shares — 13,262 shares (Direct, null)
Footnotes (1)
  1. Represents restricted stock units that vest in three annual installments beginning one year from the date of grant. Includes 106 shares acquired through dividend reinvestment since the last report filed by the reporting person. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
RSU grant shares 1,508 shares Ordinary Shares granted on April 27, 2026 at $0.00
Tax-withheld shares 318 shares Shares withheld on April 28, 2026 at $81.90
Post-transaction holdings 13,262 shares Ordinary Shares directly held after April 28, 2026
Dividend reinvestment shares 106 shares Acquired through dividend reinvestment since last report
Disposition price $81.90 per share Price for 318 shares withheld for taxes
restricted stock units financial
"Represents restricted stock units that vest in three annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Includes 106 shares acquired through dividend reinvestment since the last report"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
tax-withholding disposition financial
"Represents shares withheld for payment of taxes upon the vesting"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Blomquist Denise L.
(Last)(First)(Middle)
710 MEDTRONIC PARKWAY
(Street)
MINNEAPOLIS MINNESOTA 55432
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Medtronic plc [ MDT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares04/27/2026A1,508(1)A$013,580(2)D
Ordinary Shares04/28/2026F318(3)D$81.913,262D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units that vest in three annual installments beginning one year from the date of grant.
2. Includes 106 shares acquired through dividend reinvestment since the last report filed by the reporting person.
3. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
Remarks:
/s/ Patricia Walesiewicz, attorney-in-fact04/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Medtronic (MDT) report for Denise Blomquist?

Medtronic’s Chief Accounting Officer Denise L. Blomquist reported a grant of 1,508 Ordinary Shares and a separate disposition of 318 shares for tax withholding. These transactions reflect routine equity compensation and tax settlement activity rather than open-market buying or selling.

How many Medtronic (MDT) shares were granted to the Chief Accounting Officer?

Denise L. Blomquist received a grant of 1,508 Ordinary Shares at $0.00 per share. The award is in the form of restricted stock units that vest in three equal annual installments, starting one year after the grant date, aligning compensation with multi-year service.

Why were 318 Medtronic (MDT) shares disposed of in this Form 4?

The 318 Ordinary Shares disposed of were withheld to cover taxes upon the vesting of previously granted restricted stock units. This tax-withholding disposition is a standard administrative mechanism and does not represent an open-market sale initiated for investment reasons.

What are the vesting terms of the new Medtronic (MDT) restricted stock units?

The restricted stock units underlying the 1,508-share grant vest in three annual installments, beginning one year from the grant date. This structure spreads the benefit over time, encouraging continued employment and aligning the officer’s interests with longer-term company performance.

How many Medtronic (MDT) shares does Denise Blomquist hold after these transactions?

Following the April 2026 transactions, Denise L. Blomquist directly held 13,262 Ordinary Shares. This total includes 106 shares acquired through dividend reinvestment since her prior report, reflecting both compensation-related and reinvested dividend holdings.

Did Medtronic’s Chief Accounting Officer make any open-market trades in this filing?

The filing shows no open-market purchases or sales. It reports a stock grant of 1,508 shares at $0.00 and a 318-share tax-withholding disposition tied to restricted stock unit vesting, both routine components of equity-based compensation programs.