Medtronic (NYSE: MDT) grants 49,167 options and PSUs to EVP
Rhea-AI Filing Summary
Medtronic EVP & President, Neuroscience Thompson Kweli received equity compensation awards, including 17,306 performance share units, 49,167 stock options with a strike price of $86.68 expiring in 2036, and 6,923 restricted stock units vesting after three years. Separately, 1,739 shares were withheld to satisfy taxes on previously vested RSUs.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 5,184 shares
Net Buy
4 txns
Insider
Thompson Kweli
Role
EVP & President, Neuroscience
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F4, F5, F6 | 17,306 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F7 | 49,167 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F3 | 6,923 | $0.00 | $0.00 |
| Tax Withholding | Ordinary Shares F1, F2 | 1,739 | $85.39 | $148K |
Holdings After Transaction:
Performance Share Units — 17,306 shares (Direct);
Stock Option (Right to Buy) — 49,167 shares (Direct);
Ordinary Shares — 35,390 shares (Direct)
Footnotes (7)
- F1. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
- F2. Includes 188 shares acquired through dividend reinvestment since the last report filed by the reporting person.
- F3. Represents restricted stock units that vest 100% on the third anniversary of the date of grant.
- F4. Each performance share unit represents a contingent right to receive one share of Medtronic common stock.
- F5. Represents performance share units for which certain performance conditions will have been satisfied on April 27, 2029.
- F6. The number of shares to be issued in connection with the performance share units ("PSUs") will vary depending on the level of certain performance metrics achieved over a three (3) year performance period. If target performance metrics are achieved, 17,306 shares will be issued. If maximum performance metrics are achieved, 41,534 shares will be issued. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
- F7. These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
Key Figures
Performance share units granted: 17,306 units
Maximum PSU payout: 41,534 shares
Stock options granted: 49,167 options
+4 more
7 metrics
Performance share units granted
17,306 units
PSUs granted to Thompson Kweli on 2026-08-03; payout depends on performance metrics
Maximum PSU payout
41,534 shares
Maximum shares issuable if PSU performance metrics are fully achieved over the three-year period
Stock options granted
49,167 options
Options on Medtronic ordinary shares granted on 2026-08-03
Option exercise price
$86.68 per share
Exercise price for the 49,167 stock options granted to Thompson Kweli
Option expiration date
2036-08-03
Expiration date of the stock options granted on 2026-08-03
Restricted stock units granted
6,923 shares
RSUs granted on 2026-08-03, vesting 100% on the third anniversary of grant
Shares withheld for taxes
1,739 shares
Ordinary shares withheld on 2026-07-31 at $85.39 per share to satisfy tax liability on RSU vesting
Key Terms
Performance Share Units, restricted stock units, dividend reinvestment, performance metrics
4 terms
restricted stock units financial
"Represents restricted stock units that vest 100% on the third anniversary of grant"
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 188 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.
performance metrics financial
"Number of shares will vary depending on the level of certain performance metrics achieved"
Performance metrics are concrete numbers or ratios that show how well a business, product, or investment is doing—like speed, fuel use and mileage on a car’s dashboard. They measure things investors care about, such as sales growth, profitability, cash flow, customer retention or efficiency, so readers can compare progress, spot strengths or problems, and make informed decisions about buying, holding or selling shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Medtronic (MDT) grant to Thompson Kweli on August 3, 2026?
Thompson Kweli received 17,306 performance share units, 49,167 stock options at $86.68 per share expiring in 2036, and 6,923 restricted stock units that vest 100% on the third anniversary of the grant date as part of his equity compensation.
What are the terms of Thompson Kweli’s Medtronic (MDT) stock options granted on August 3, 2026?
Kweli was granted 49,167 stock options with an exercise price of $86.68 per share, expiring on August 3, 2036. These options become exercisable at a rate of 25% per year, beginning on the first anniversary of the grant date.
When will Thompson Kweli’s Medtronic (MDT) restricted stock units from this grant vest?
The 6,923 restricted stock units granted to Thompson Kweli on August 3, 2026 vest 100% on the third anniversary of the grant date. Until that vesting date, the units remain unearned and are subject to Medtronic’s applicable award terms.