Medtronic director receives RSUs, pays taxes in stock

Medtronic plc director Kendall J. Powell reported routine equity compensation activity.

Rhea-AI Filing Summary

Medtronic plc director Kendall J. Powell reported routine equity compensation activity. On April 27, 2026, he received a grant of 2,111 ordinary shares in the form of restricted stock units, which vest on the one-year anniversary of the award date. When previously granted restricted stock units vested, 207 shares of Medtronic ordinary shares were withheld at $81.90 per share to cover tax obligations rather than sold on the open market. After these transactions, Powell directly holds 51,380 ordinary shares, including 854 shares acquired through dividend reinvestment since his last report.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Powell Kendall J

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Ordinary Shares	207	$81.90	$17K
Grant/Award	Ordinary Shares	2,111	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 51,380 shares (Direct)

Footnotes (3)

1. F1. Represents an award of restricted stock units that vest on the one-year anniversary of the award date.
2. F2. Includes 854 shares acquired through dividend reinvestment since the last report filed by the reporting person.
3. F3. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.

Key Figures

RSU award: 2,111 shares Tax-withheld shares: 207 shares at $81.90 Shares owned after transactions: 51,380 shares +1 more

4 metrics

RSU award 2,111 shares Restricted stock unit grant on April 27, 2026

Tax-withheld shares 207 shares at $81.90 Shares withheld for taxes on vested RSUs

Shares owned after transactions 51,380 shares Direct Medtronic ordinary share holdings following reported activity

Dividend reinvestment shares 854 shares Shares acquired via dividend reinvestment since last report

Key Terms

restricted stock units, dividend reinvestment, withheld for payment of taxes, grant, award, or other acquisition, +1 more

5 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.

dividend reinvestment financial

"Includes 854 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.

withheld for payment of taxes financial

"Represents shares withheld for payment of taxes upon the vesting of restricted stock units"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: Payment of exercise price or tax liability by delivering securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Medtronic (MDT) director Kendall J. Powell report?

Kendall J. Powell reported an RSU grant and tax withholding. He received 2,111 restricted stock units that will vest in one year, and 207 shares were withheld at $81.90 per share to satisfy taxes on previously vested RSUs.

Did Kendall J. Powell sell Medtronic (MDT) shares on the open market?

No, the filing shows tax withholding, not an open-market sale. The 207 Medtronic ordinary shares reported with code F were withheld by the company to pay taxes owed on vested restricted stock units previously granted.

How many Medtronic (MDT) shares does Kendall J. Powell own after these transactions?

After the reported transactions, Powell directly holds 51,380 Medtronic ordinary shares. This total includes 854 shares acquired through dividend reinvestment since his prior report, in addition to shares received from prior equity awards.

What is the nature of the 2,111 Medtronic (MDT) shares granted to Kendall J. Powell?

The 2,111 shares are restricted stock units (RSUs). According to the footnote, these RSUs represent an award that will vest in full on the one-year anniversary of the April 27, 2026 award date, assuming applicable conditions are met.

Why were 207 Medtronic (MDT) shares reported at $81.90 per share?

The 207 shares were withheld to pay taxes on vested RSUs. The Form 4 notes these shares were retained by Medtronic at $81.90 per share to cover tax liabilities when previously reported restricted stock units vested.

How did dividend reinvestment affect Kendall J. Powell’s Medtronic (MDT) holdings?

Dividend reinvestment increased Powell’s share count. A footnote states his direct holdings include 854 additional shares acquired through automatic dividend reinvestment since his last report, adding to his overall long-term ownership position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 04:18 PM Learn about SEC filing dates

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^*

Powell Kendall J

(Last) (First) (Middle)

C/O MEDTRONIC

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	04/27/2026		A		2,111(1)	A	$0	51,587(2)	D
Ordinary Shares	04/28/2026		F		207(3)	D	$81.9	51,380	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 an award of restricted stock units that vest on the one-year anniversary of the award date.

2. Includes 854 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-fact	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)