Medtronic (NYSE: MDT) EVP Quinn reports 2,069 shares withheld for taxes
Rhea-AI Filing Summary
Michelle Quinn, EVP, GC and Secretary of Medtronic plc, reported a Form 4 transaction where 2,069 Ordinary Shares were withheld to pay taxes upon the vesting of previously granted restricted stock units. After this tax-withholding disposition, she directly holds 20,375 Ordinary Shares, including 697 acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,069 shares
Net Sell
1 txn
Insider
Quinn Michelle
Role
EVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares F1, F2 | 2,069 | $86.88 | $180K |
Holdings After Transaction:
Ordinary Shares — 20,375 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
- F2. Includes 697 shares acquired through dividend reinvestment since the last report filed by the reporting person.
Key Figures
Shares withheld for taxes: 2,069 shares
Per-share value for withheld shares: $86.88 per share
Shares owned after transaction: 20,375 shares
+1 more
4 metrics
Shares withheld for taxes
2,069 shares
Ordinary Shares withheld to pay taxes upon RSU vesting
Per-share value for withheld shares
$86.88 per share
Reported value used for the tax-withholding disposition
Shares owned after transaction
20,375 shares
Direct Medtronic Ordinary Share holdings following the tax withholding
Shares from dividend reinvestment
697 shares
Portion of post-transaction holdings acquired via dividend reinvestment
Key Terms
restricted stock units, dividend reinvestment, Ordinary Shares
3 terms
restricted stock units financial
"taxes upon the vesting of restricted stock units previously reported"
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 697 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Medtronic (MDT) EVP Michelle Quinn report in this Form 4?
Michelle Quinn reported that 2,069 Medtronic Ordinary Shares were withheld to satisfy tax obligations on vesting restricted stock units. This was a non-market, tax-withholding disposition rather than a discretionary purchase or sale of Medtronic shares.
Was Michelle Quinn’s Medtronic (MDT) Form 4 transaction an open-market sale?
No, the Form 4 shows shares withheld for payment of taxes, not an open-market sale. The 2,069 shares were retained by the company to cover tax liabilities when her restricted stock units vested.
Was Michelle Quinn’s Medtronic (MDT) transaction under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox for this Form 4 was not selected, indicating the tax-withholding transaction was not affirmatively reported as made under a Rule 10b5-1 trading arrangement or similar pre-planned trading program.