Medtronic SVP has 35 shares withheld for taxes

Medtronic plc SVP and Chief HR Officer Walter Matthew R. reported a small, routine tax-related share disposition.

Rhea-AI Filing Summary

Medtronic plc SVP and Chief HR Officer Walter Matthew R. reported a small, routine tax-related share disposition. On the vesting of previously granted restricted stock units, 35 Ordinary Shares were withheld at $80.00 per share to cover taxes. Following this withholding, he directly holds 32,380 Ordinary Shares, which the footnotes state include 367 shares from dividend reinvestment and 191 shares acquired under Medtronic's Employee Stock Ownership Plan. This event reflects compensation and tax mechanics rather than an open-market stock sale.

Insider Trade Summary

Exercise Price or Tax Liability: 35 shares

Exercise Price or Tax Liability 1 txn

Insider Walter Matthew R.

Role SVP, Chief HR Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Ordinary Shares	35	$80.00	$3K

Holdings After Transaction: Ordinary Shares — 32,380 shares (Direct)

Footnotes (2)

1. F1. Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I.
2. F2. Includes 367 shares acquired through dividend reinvestment and 191 shares acquired under Medtronic's Employee Stock Ownership Plan since the last report filed by the reporting person.

Key Figures

Shares withheld for taxes: 35 shares Share price for withholding: $80.00 per share Shares held after transaction: 32,380 shares +2 more

5 metrics

Shares withheld for taxes 35 shares Tax withholding on RSU vesting at $80.00 per share

Share price for withholding $80.00 per share Value used for 35-share tax-withholding disposition

Shares held after transaction 32,380 shares Direct Ordinary Shares following tax withholding

Dividend reinvestment shares 367 shares Acquired through dividend reinvestment since last report

ESOP shares acquired 191 shares Acquired under Medtronic's Employee Stock Ownership Plan

Key Terms

restricted stock units, dividend reinvestment, Employee Stock Ownership Plan, tax-withholding disposition

4 terms

restricted stock units financial

"Represents shares withheld for payment of taxes upon the vesting of restricted stock units previously reported on Table I."

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 367 shares acquired through dividend reinvestment and 191 shares acquired under Medtronic's Employee Stock Ownership Plan"

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.

Employee Stock Ownership Plan financial

"191 shares acquired under Medtronic's Employee Stock Ownership Plan since the last report filed by the reporting person."

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition, transaction_code_description: Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Medtronic (MDT) report for Walter Matthew R.?

Medtronic reported a tax-withholding disposition of 35 Ordinary Shares for SVP and Chief HR Officer Walter Matthew R. The shares were withheld upon vesting of restricted stock units to cover tax obligations, not sold in the open market.

Was the Medtronic (MDT) Form 4 transaction an open-market sale?

No, the transaction was a tax-withholding disposition, coded "F" on Form 4. Medtronic withheld 35 shares at $80.00 per share to pay taxes on vested restricted stock units, rather than the executive selling shares on the market.

How many Medtronic (MDT) shares does Walter Matthew R. hold after this filing?

After the tax withholding, Walter Matthew R. directly holds 32,380 Ordinary Shares of Medtronic. Footnotes specify this total includes 367 shares from dividend reinvestment and 191 shares acquired through the company’s Employee Stock Ownership Plan.

What does the Form 4 tax-withholding code "F" mean for Medtronic (MDT)?

Code "F" indicates shares were withheld to pay taxes related to equity compensation. In this case, 35 Medtronic Ordinary Shares were withheld when restricted stock units vested, satisfying tax liabilities without an open-market sale by the executive.

How were additional Medtronic (MDT) shares acquired by Walter Matthew R. since his last report?

Footnotes state 367 shares were acquired via dividend reinvestment and 191 shares through Medtronic's Employee Stock Ownership Plan since the last filing. These automatic programs increase ownership over time without traditional open-market purchases.

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

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Accepted by SEC EDGAR 05/04/2026 - 05:12 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Walter Matthew R.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief HR Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	05/01/2026		F		35(1)	D	$80	32,380(2)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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.

2. Includes 367 shares acquired through dividend reinvestment and 191 shares acquired under Medtronic's Employee Stock Ownership Plan since the last report filed by the reporting person.

Remarks:

	/s/ Patricia Walesiewicz, attorney-in-fact	05/04/2026
	** Signature of Reporting Person	Date
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)