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Medtronic (NYSE: MDT) EVP left holding 116,336 shares

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Medtronic plc (MDT) reported that executive officer Michael Marinaro, EVP, Pres MedSurg and Americas, had 1,084 Ordinary Shares withheld on 2026-08-20 to pay tax liabilities upon the vesting of previously awarded restricted stock units. After this tax-withholding disposition, he holds 116,336 Ordinary Shares directly.

Positive

  • None.

Negative

  • None.
Insider Marinaro Michael
Role EVP, Pres MedSurg and Americas
Type Security Shares Price Value
Tax Withholding Ordinary Shares F1 1,084 $92.30 $100K
Holdings After Transaction: Ordinary Shares — 116,336 shares (Direct)
Footnotes (1)
  1. F1. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
Shares withheld for taxes 1,084 Ordinary Shares Withheld on 2026-08-20 to pay tax liability on RSU vesting
Per-share value for withholding $92.30 per share Value used for the 1,084-share tax-withholding disposition on 2026-08-20
Shares held after transaction 116,336 Ordinary Shares Direct ownership reported following the 2026-08-20 transaction
Tax-withholding shares (code F) 1,084 shares ExercisePriceOrTaxLiabilityShares in transactionSummary
restricted stock units financial
"Represents shares withheld for payment of taxes upon the vesting of restricted stock units"
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.
Ordinary Shares financial
"security_title: "Ordinary Shares" for the reported transaction"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
tax liability financial
"Payment of tax liability by delivering or withholding securities"
withheld for payment of taxes financial
"Represents shares withheld for payment of taxes upon the vesting"

FAQ

What insider transaction did Medtronic (MDT) report for Michael Marinaro?

Medtronic reported that 1,084 Ordinary Shares of Michael Marinaro were withheld on 2026-08-20 to pay taxes upon the vesting of previously reported restricted stock units, leaving him with 116,336 Ordinary Shares held directly.

Was the Medtronic (MDT) insider transaction a market sale or tax withholding?

The transaction was tax withholding, coded "F" as payment of tax liability by delivering or withholding securities. Footnote F1 clarifies the 1,084 shares were withheld for taxes upon vesting of restricted stock units, not sold in the open market.

What is Michael Marinaro’s Medtronic (MDT) shareholding after this Form 4?

After the reported tax-withholding transaction, Michael Marinaro directly holds 116,336 Ordinary Shares of Medtronic plc. This figure is stated as the total shares following the transaction on the Form 4.

At what price were the Medtronic (MDT) shares valued for the tax-withholding event?

The 1,084 Ordinary Shares withheld for taxes were valued at approximately $92.30 per share, as reported on the Form 4 for the 2026-08-20 transaction.

Does the Medtronic (MDT) Form 4 indicate a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is unchecked (aff_10b5_one is false), and the footnotes do not state that this tax-withholding transaction was executed under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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*
Marinaro Michael

(Last)(First)(Middle)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Pres MedSurg and Americas
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026
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 Shares08/20/2026F1,084(1)D$92.3116,336D
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 shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
Remarks:
/s/ Patricia Walesiewicz, attorney-in-fact08/24/2026
** 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)