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INTUITIVE SURGICAL INC — Director's Dealing 2024
Mar 1, 2024
29809_dirs_2024-02-29_f4fa0c20-84c2-4868-98d7-c215bf40b547.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2024-02-29
Reporting Person: Brosius Mark (SVP & Chief Mfg and Supply Cha)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-29 | Common Stock | M | 966 | $0.0 | Acquired | 2096 | Direct |
| 2024-02-29 | Common Stock | F | 490 | $386.59 | Disposed | 1606 | Direct |
| 2024-02-29 | Common Stock | M | 877 | $0.0 | Acquired | 2483 | Direct |
| 2024-02-29 | Common Stock | F | 445 | $386.59 | Disposed | 2038 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-29 | Restricted Stock Units - 2-28-2020 | $0.0 | M | 966 | Disposed | Common Stock (966) | Direct | |
| 2024-02-29 | Restricted Stock Units - 2-28-2022 | $0.0 | M | 877 | Disposed | Common Stock (877) | Direct |
Footnotes
F1: RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25 % of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
F2: Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.