Medtronic plc (NYSE: MDT) grants PSUs, options and RSUs to HR chief
Rhea-AI Filing Summary
Medtronic plc reported insider equity activity by SVP, Chief HR Officer Walter Matthew R. On 2026-08-03 he received 5,769 restricted stock units that vest 100% on the third anniversary of grant, 14,421 performance share units that can settle for between 0 and 34,610 shares based on performance metrics over a three-year period with conditions measured through April 27, 2029, and stock options on 40,973 ordinary shares at 86.6800 per share expiring 2036-08-03, which become exercisable 25% per year beginning one year after grant. On 2026-07-31, 1,675 ordinary shares were withheld at 85.3900 per share to satisfy tax obligations upon vesting of previously reported restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,094 shares
Net Buy
4 txns
Insider
Walter Matthew R.
Role
SVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F4, F5, F6 | 14,421 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F7 | 40,973 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F3 | 5,769 | $0.00 | $0.00 |
| Tax Withholding | Ordinary Shares F1, F2 | 1,675 | $85.39 | $143K |
Holdings After Transaction:
Performance Share Units — 14,421 shares (Direct);
Stock Option (Right to Buy) — 40,973 shares (Direct);
Ordinary Shares — 39,928 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 140 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, 14,421 shares will be issued. If maximum performance metrics are achieved, 34,610 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: 14,421 units
Maximum PSU payout: 34,610 shares
Stock options granted: 40,973 shares
+4 more
7 metrics
Performance share units granted
14,421 units
Performance share units granted on 2026-08-03, each representing a contingent right to one share
Maximum PSU payout
34,610 shares
Maximum shares issuable if PSU performance metrics are achieved at the maximum level
Stock options granted
40,973 shares
Underlying ordinary shares for stock options granted on 2026-08-03
Option exercise price
86.6800 per share
Exercise price for 40,973 stock options expiring 2036-08-03
Restricted stock units granted
5,769 units
Restricted stock units vest 100% on the third anniversary of the grant date
Shares withheld for taxes
1,675 shares
Ordinary shares withheld at 85.3900 per share on 2026-07-31 to pay taxes on RSU vesting
Tax withholding price
85.3900 per share
Price per share used for 1,675 shares withheld for tax obligations
Key Terms
Performance Share Units, restricted stock units, performance metrics, dividend reinvestment
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.
performance metrics financial
"If target performance metrics are achieved, 14,421 shares will be issued"
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.
dividend reinvestment financial
"Includes 140 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Medtronic (MDT) grant to Walter Matthew R. on August 3, 2026?
On 2026-08-03, he received 5,769 restricted stock units, 14,421 performance share units, and stock options on 40,973 ordinary shares. These awards form part of his equity-based compensation at Medtronic.
What are the terms of the stock options Medtronic (MDT) granted to Walter Matthew R.?
He was granted options on 40,973 ordinary shares with an exercise price of 86.6800 per share, expiring on 2036-08-03. These options become exercisable at 25% of the shares granted per year, starting on the first anniversary of the grant.
What are the vesting terms of the restricted stock units Medtronic (MDT) granted?
The grant includes 5,769 restricted stock units that vest 100% on the third anniversary of the grant date. No partial vesting is described, so all units vest at once after three years if conditions for service are met.
Are Walter Matthew R.'s Medtronic (MDT) transactions reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmed, and the footnotes do not reference any trading plan. The reported grants and tax-withholding transaction are therefore not identified as being made under a Rule 10b5-1 plan.