[Form 4] Medtronic plc Insider Trading Activity

Rhea-AI Filing Summary

Medtronic plc (MDT) – Form 4 filing: EVP Global Operations & Supply Chain Gregory L. Smith reported an automatic share withholding related to tax obligations on 31 Jul 2025.

• Transaction code F indicates 1,630 ordinary shares were surrendered to cover taxes upon vesting of previously granted restricted stock units.
• Price used for withholding: $90.24 per share.
• Post-transaction ownership: Smith directly holds 71,743 Medtronic ordinary shares.

No derivative security activity was reported. The filing reflects routine tax settlement rather than an open-market buy or sell, leaving the executive’s overall equity stake largely intact.

Positive

• Executive still holds 71,743 shares, maintaining strong equity alignment with shareholders.

Negative

• Net share count reduced by 1,630 shares due to tax withholding, though impact is immaterial.

Insights

Securities Analyst

TL;DR: Routine tax withholding, no signal on insider sentiment.

The F-code transaction is a non-discretionary share surrender to satisfy RSU tax liability. Such events neither raise cash for the insider nor indicate bullish or bearish intent. Smith retains a sizeable 71,743-share position, so alignment with shareholders remains. Market impact is expected to be minimal.

Corporate Governance Expert

TL;DR: Standard compliance event; ownership remains substantial.

The filing demonstrates adherence to Section 16 reporting rules. Withholding 1,630 shares for taxes is customary on vesting and does not weaken governance incentives, as Smith’s stake continues to exceed typical executive-level thresholds. No red flags detected.

SEC Form 4

FORM 4

UNITED 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^*

Smith Gregory L

(Last) (First) (Middle)

710 MEDTRONIC PARKWAY

(Street)

MINNEAPOLIS MN 55432

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Medtronic plc [ MDT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Global Ops & Supply Chain

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	07/31/2025		F		1,630(1)	D	$90.24	71,743	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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-fact	08/01/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Medtronic (MDT) report in this Form 4?

EVP Gregory L. Smith surrendered 1,630 shares on 31 Jul 2025 to cover taxes on vested RSUs.

What price was used for the share withholding?

The shares were valued at $90.24 each for tax purposes.

How many Medtronic shares does Gregory L. Smith now own?

He directly owns 71,743 ordinary shares after the transaction.

Was this an open-market sale or purchase?

No. Code F denotes a tax withholding event tied to RSU vesting, not a discretionary trade.

Does the transaction signal insider sentiment at MDT?

Because it is automatic tax withholding, it is generally viewed as neutral regarding insider outlook.