Medtronic executive granted stock, options and PSUs
Medtronic plc reported insider equity activity for EVP Michael Marinaro.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Medtronic plc reported insider equity activity for EVP Michael Marinaro. On July 31, 2026, 3,356 ordinary shares were withheld at $85.39 per share to satisfy tax liabilities on previously vested restricted stock units. On August 3, 2026, he received grants of 10,960 and 46,147 restricted stock units with multi‑year vesting, 27,400 performance share units that can yield up to 65,760 shares based on performance, and 77,848 stock options exercisable at $86.68 per share expiring in 2036.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Marinaro Michael
Role
EVP, Pres MedSurg and Americas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F5, F6, F7 | 27,400 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F8 | 77,848 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F3 | 10,960 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F4 | 46,147 | $0.00 | $0.00 |
| Tax Withholding | Ordinary Shares F1, F2 | 3,356 | $85.39 | $287K |
Holdings After Transaction:
Performance Share Units — 27,400 contracts (Direct);
Stock Option (Right to Buy) — 77,848 contracts (Direct);
Ordinary Shares — 117,420 shares (Direct)
Footnotes (8)
- F1. Represents shares withheld for taxes upon the vesting of restricted stock units previously reported on Table I.
- F2. Includes 547 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. Represents restricted stock units that vest in four annual installments beginning one year from the date of grant.
- F5. Each performance share unit represents a contingent right to receive one share of Medtronic common stock.
- F6. Represents performance share units for which certain performance conditions will have been satisfied on April 27, 2029.
- F7. 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, 27,400 shares will be issued. If maximum performance metrics are achieved, 65,760 shares will be issued. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
- F8. These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
Key Figures
Shares withheld for taxes: 3,356 shares at $85.39 per share
Time-vesting RSUs (single cliff): 10,960 restricted stock units
Time-vesting RSUs (annual installments): 46,147 restricted stock units
+3 more
6 metrics
Shares withheld for taxes
3,356 shares at $85.39 per share
Ordinary shares withheld on 2026-07-31 to satisfy tax liabilities on RSU vesting
Time-vesting RSUs (single cliff)
10,960 restricted stock units
Vest 100% on the third anniversary of the grant date
Time-vesting RSUs (annual installments)
46,147 restricted stock units
Vest in four annual installments beginning one year from grant
Performance share units target
27,400 performance share units
Target payout; maximum payout is 65,760 shares if performance metrics are maximized
Performance share units maximum
65,760 shares
Maximum shares issuable if PSU performance metrics are achieved at the highest level
Stock options granted
77,848 options at $86.68 exercise price
Stock options granted on 2026-08-03, expiring 2036-08-03, vesting 25% per year
Key Terms
restricted stock units, performance share units, dividend reinvestment, exercise price
4 terms
restricted stock units financial
"Represents restricted stock units that vest 100% on the third 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 547 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.
exercise price financial
"Stock Option (Right to Buy) with a conversion or exercise price of 86.6800"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Medtronic (MDT) EVP Michael Marinaro receive on August 3, 2026?
On August 3, 2026, Michael Marinaro received 10,960 and 46,147 restricted stock units, 27,400 performance share units, and 77,848 stock options. These equity awards provide time-based and performance-based incentives tied to Medtronic’s ordinary shares.
What are the vesting terms of the restricted stock units granted by Medtronic (MDT)?
One RSU grant of 10,960 shares vests 100% on the third anniversary of grant. A second RSU grant of 46,147 shares vests in four annual installments beginning one year from the grant date, aligning compensation with longer-term service.
What are the terms of the stock options Medtronic (MDT) granted to Michael Marinaro?
Marinaro received 77,848 stock options with an exercise price of $86.68 per share, expiring on August 3, 2036. These options become exercisable at 25% per year, starting on the first anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
