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Restricted stock grant lifts Medtronic (MDT) director’s share holdings

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

Rhea-AI Filing Summary

Medtronic plc director Scott C. Donnelly reported routine equity compensation activity. 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 units vested, 207 shares were withheld at $81.90 per share to cover related tax obligations, rather than being sold on the market. Following these transactions, he directly holds 23,679 Medtronic ordinary shares, including 145 shares acquired through dividend reinvestment since his last report.

Positive

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Insider DONNELLY SCOTT C
Role null
Type Security Shares Price Value
Tax Withholding Ordinary Shares 207 $81.90 $17K
Grant/Award Ordinary Shares 2,111 $0.00 --
Holdings After Transaction: Ordinary Shares — 23,679 shares (Direct, null)
Footnotes (1)
  1. Represents an award of restricted stock units that vest on the one-year anniversary of the award date. Includes 145 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 award 2,111 shares Restricted stock units granted; vest on one-year anniversary
Tax-withholding shares 207 shares at $81.90 Shares withheld to pay taxes on vesting RSUs
Post-transaction holdings 23,679 shares Ordinary shares directly owned after reported transactions
Dividend reinvestment shares 145 shares Acquired through dividend reinvestment since last report
Award price $0.00 per share Grant of 2,111 restricted stock units at no purchase price
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 145 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 of restricted stock units"
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.
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*
DONNELLY SCOTT C

(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)
XDirector10% 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)
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 Shares04/27/2026A2,111(1)A$023,886(2)D
Ordinary Shares04/28/2026F207(3)D$81.923,679D
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 an award of restricted stock units that vest on the one-year anniversary of the award date.
2. Includes 145 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)

FAQ

What did Medtronic (MDT) director Scott C. Donnelly report in this Form 4?

He reported routine equity compensation activity, including a restricted stock unit grant of 2,111 ordinary shares and 207 shares withheld to pay taxes upon vesting. After these updates, he directly holds 23,679 Medtronic ordinary shares.

Did Scott C. Donnelly buy or sell Medtronic (MDT) shares on the open market?

The filing shows no open-market purchases or sales. It records a stock award of 2,111 shares and 207 shares withheld to satisfy tax obligations upon vesting of prior restricted stock units, a standard non-market transaction.

How many Medtronic (MDT) shares does Scott C. Donnelly now own?

After the reported transactions, he directly owns 23,679 Medtronic ordinary shares. This total includes shares from compensation awards and 145 additional shares acquired through dividend reinvestment since his last ownership report.

What is the nature of the 2,111 Medtronic (MDT) shares granted to Scott C. Donnelly?

The 2,111 shares are an award of restricted stock units that vest on the one-year anniversary of the award date. Upon vesting, they convert into ordinary shares, subject to applicable tax withholding obligations.

Why were 207 Medtronic (MDT) shares disposed of in this Form 4?

The 207 shares were withheld to pay taxes when previously reported restricted stock units vested. This tax-withholding disposition uses shares instead of cash to satisfy tax liabilities and is not an open-market sale of stock.

What does the dividend reinvestment note mean for Medtronic (MDT) director holdings?

The filing notes that Donnelly’s holdings include 145 shares acquired through dividend reinvestment since his last report. Dividend reinvestment automatically uses cash dividends to buy additional shares, gradually increasing his ownership position over time.