Medtronic (NYSE: MDT) director gets RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Medtronic plc director Craig Arnold reported routine equity compensation activity involving the company’s ordinary shares. He received an award of 2,111 restricted stock units that vest on the one-year anniversary of the award date, increasing his direct holdings.
When previously granted restricted stock units vested, 207 shares were withheld to cover taxes, a non-market disposition used for tax payment rather than an open-market sale. Following these transactions, he directly owned 42,185 shares, which includes 65 shares acquired through dividend reinvestment since his last report.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ARNOLD CRAIG
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 — 42,185 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units that vest on the one-year anniversary of the award date. Includes 65 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.
Key Figures
RSU award: 2,111 shares
Shares withheld for taxes: 207 shares
Post-transaction holdings: 42,185 shares
+2 more
5 metrics
RSU award
2,111 shares
Restricted stock units vest on one-year anniversary of award date
Shares withheld for taxes
207 shares
Withheld upon vesting of restricted stock units
Post-transaction holdings
42,185 shares
Direct Medtronic ordinary share ownership after reported transactions
Dividend reinvestment shares
65 shares
Acquired through dividend reinvestment since last report
Tax-withholding reference price
$81.90 per share
Price per share on 207-share tax-withholding disposition
Key Terms
restricted stock units, dividend reinvestment, withheld for payment of taxes
3 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 65 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"
FAQ
What insider transactions did Medtronic (MDT) director Craig Arnold report?
Craig Arnold reported receiving 2,111 restricted stock units and a related tax-withholding disposition of 207 Medtronic ordinary shares. These events reflect routine equity compensation and tax payment rather than open-market buying or selling activity by the director.
What is the structure of Craig Arnold’s new Medtronic restricted stock unit award?
The award consists of 2,111 restricted stock units that vest on the one-year anniversary of the grant date. Upon vesting, these units convert into Medtronic ordinary shares, subject to applicable tax withholding requirements described in the Form 4 footnotes.
What does the tax-withholding transaction in Medtronic (MDT) stock represent?
The tax-withholding transaction reflects 207 Medtronic shares withheld to pay taxes when restricted stock units vested. Instead of selling shares on the market, the company retains this portion to satisfy the director’s tax liability on the equity compensation.