Medtronic grants stock and options to EVP Quinn
Medtronic plc reported that EVP, GC and Secretary Michelle Quinn received multiple equity awards on 2026-08-03.
Rhea-AI Filing Summary
Medtronic plc reported that EVP, GC and Secretary Michelle Quinn received multiple equity awards on 2026-08-03. She was granted 6,346 restricted stock units that vest in full on the third anniversary of grant and now holds 26,721 ordinary shares directly. She also received 15,863 performance share units, which can result in between 0 and 38,071 ordinary shares based on performance through April 27, 2029, and 45,070 stock options with an exercise price of 86.6800 per share, vesting 25% annually and expiring on August 3, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 67,279 shares
Grant/Award
3 txns
Insider
Quinn Michelle
Role
EVP, GC and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F2, F3, F4 | 15,863 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) F5 | 45,070 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F1 | 6,346 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 15,863 contracts (Direct);
Stock Option (Right to Buy) — 45,070 contracts (Direct);
Ordinary Shares — 26,721 shares (Direct)
Footnotes (5)
- F1. Represents restricted stock units that vest 100% on the third anniversary of the date of grant.
- F2. Each performance share unit represents a contingent right to receive one share of Medtronic common stock.
- F3. Represents performance share units for which certain performance conditions will have been satisfied on April 27, 2029.
- F4. 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, 15,863 shares will be issued. If maximum performance metrics are achieved, 38,071 shares will be issued. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
- F5. These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
Key Figures
Restricted stock units granted: 6,346 units
Performance share units granted: 15,863 units
Maximum shares under PSUs: 38,071 shares
+3 more
6 metrics
Restricted stock units granted
6,346 units
Ordinary-share RSUs granted to Michelle Quinn on 2026-08-03; vest 100% on third anniversary
Performance share units granted
15,863 units
PSUs granted 2026-08-03; target payout in ordinary shares if performance metrics are met by 2029-04-27
Maximum shares under PSUs
38,071 shares
Maximum ordinary shares issuable if maximum performance metrics are achieved for the PSUs
Stock options granted
45,070 options
Options on ordinary shares granted 2026-08-03; vest 25% per year from first anniversary; expire 2036-08-03
Option exercise price
86.6800 per share
Exercise price for the 45,070 stock options granted to Michelle Quinn
Ordinary shares held after grant
26,721 shares
Direct Medtronic ordinary shares held by Michelle Quinn following the 6,346-unit RSU grant
Key Terms
Performance Share Units, restricted stock units, Stock Option (Right to Buy), exercise price, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units that vest 100% on the third anniversary of the date 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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price and expiration date"
exercise price financial
"These options become exercisable at the rate of 25% of the shares granted per year"
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.
performance metrics financial
"will vary depending on the level of certain performance metrics achieved over a three (3) year"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Medtronic (MDT) grant to EVP Michelle Quinn?
Medtronic granted Michelle Quinn 6,346 restricted stock units, 15,863 performance share units, and 45,070 stock options. The awards were made on August 3, 2026, as part of her executive compensation in Medtronic ordinary shares and related equity instruments.
What are the terms of Michelle Quinn’s Medtronic (MDT) stock options?
Quinn received 45,070 stock options with an exercise price of 86.6800 per share. These options vest at 25% per year beginning on the first anniversary of grant and expire on August 3, 2036, if not exercised earlier.
When do Michelle Quinn’s Medtronic (MDT) restricted stock units vest?
The 6,346 restricted stock units granted to Michelle Quinn vest 100% on the third anniversary of the August 3, 2026 grant date. Upon vesting, they convert into Medtronic ordinary shares, increasing her directly held share position at that time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
