Form 4: Intuitive Surgical CEO Gary Guthart Reports Stock Transactions
SEC Form 4
Gary Guthart, CEO of Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 10, 2025, Gary Guthart, CEO of Intuitive Surgical, reported transactions involving common stock and restricted stock units (RSUs).
- Guthart vested 2,634 RSUs, which converted into common stock.
- A portion of the shares (1,055) was then disposed of to cover statutory tax withholding requirements at a price of $582.98 per share.
- Following these transactions, Guthart directly owns 1,579 shares of common stock.
- Guthart also indirectly owns 19,920 shares through a trust for his daughter, 19,920 shares through a trust for his son, and 1,215,363 shares by trust.
- He also owns 5,266 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO of Intuitive Surgical, when they conduct transactions in their company's stock. It provides transparency to the market regarding the trading activities of key executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | RSUs vest 25% per year over a four-year period, commencing on each anniversary of this date. |
| 02/10/2025 | Date of the reported stock transactions, including RSU vesting and share disposal for tax obligations. |
Keywords
Intuitive Surgical, ISRG, Gary Guthart, CEO, Form 4, Stock Transaction, Restricted Stock Units, RSU, Beneficial Ownership
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