Medtronic (MDT) director granted 1,444 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jellison William R reported acquisition or exercise transactions in this Form 4 filing.
Medtronic plc director William R. Jellison received an equity award of 1,444 ordinary shares at a price of $0.00 per share. This reflects a grant or award, not an open-market purchase. Following the award, he directly owns 6,444 ordinary shares.
According to the footnote, the grant represents restricted stock units that vest on the one-year anniversary of the award date, tying the compensation to continued service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jellison William R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 1,444 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 6,444 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,444 shares
Grant price per share: $0.00 per share
Shares owned after grant: 6,444 shares
3 metrics
Shares granted
1,444 shares
Equity award coded as grant/award acquisition
Grant price per share
$0.00 per share
Compensation-related award, not open-market purchase
Shares owned after grant
6,444 shares
Total direct Medtronic ordinary shares following transaction
Key Terms
restricted stock units, grant, award, or other acquisition, ordinary shares, Form 4
4 terms
restricted stock units financial
"Represents an award of restricted stock units that vest on the one-year anniversary"
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Medtronic (MDT) director William R. Jellison report in this Form 4?
William R. Jellison reported receiving an award of 1,444 Medtronic ordinary shares at $0.00 per share. The filing classifies this as a grant or award acquisition, meaning it is compensation-related rather than an open-market stock purchase or sale.
When do the restricted stock units reported for Medtronic (MDT) vest?
The footnote states that the restricted stock units vest on the one-year anniversary of the award date. This means the director must remain in service for one year from the grant date before the units convert into Medtronic ordinary shares.