Form 4: Intuitive Surgical CEO Gary Guthart Reports Stock Transactions
SEC Form 4
Intuitive Surgical's CEO, Gary Guthart, reports the vesting and subsequent sale of restricted stock units (RSUs) to cover tax obligations.
Summary
- Gary Guthart, CEO of Intuitive Surgical, reported transactions involving common stock and Restricted Stock Units (RSUs) on February 29, 2024.
- The transactions included the vesting of 3,864 RSUs and 2,506 RSUs, which converted into common stock.
- A portion of the shares obtained from the vesting of RSUs were then sold to cover statutory tax withholding requirements.
- Following these transactions, Guthart directly owns 15,358 shares of common stock and indirectly owns 1,203,644 shares via a trust, as well as 27,360 shares via trusts for his daughter and son respectively.
- He also holds 5,012 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and compensation practices. The vesting and subsequent sale of shares to cover taxes is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date related to RSU vesting (likely grant date anniversary) |
| 02/29/2024 | Date of the reported transactions (vesting and disposal of shares) |
| 02/28/2026 | Date related to RSU vesting (likely grant date anniversary) |
| 03/01/2024 | Date of signature on the Form 4 filing |
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