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Medtronic (NYSE: MDT) director gets RSUs, withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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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)
  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.
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
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"
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*
ARNOLD CRAIG

(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$042,392(2)D
Ordinary Shares04/28/2026F207(3)D$81.942,185D
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 65 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 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.

Were Medtronic (MDT) shares sold on the open market in this Form 4?

No open-market sales were reported. The 207 Medtronic ordinary shares were withheld to pay taxes upon vesting of previously granted restricted stock units, a non-market mechanism commonly used to satisfy tax obligations on equity awards.

How many Medtronic (MDT) shares does Craig Arnold own after these transactions?

After the reported award and tax withholding, Craig Arnold directly owns 42,185 Medtronic ordinary shares. This figure includes 65 shares that were acquired through dividend reinvestment since his prior ownership report, as noted in the filing’s footnotes.

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.