Form 4: Intuitive Surgical CFO Jamie Samath Reports Stock Transactions

Jamie Samath, CFO of Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.

Summary

• Jamie Samath, the Chief Financial Officer of Intuitive Surgical Inc., filed a Form 4 on February 29, 2024, reporting transactions involving the company's common stock and restricted stock units (RSUs).
• The transactions included the vesting of 1,254 RSUs and 752 RSUs, which convert into common stock on a one-for-one basis.
• A portion of the shares obtained from the vesting of RSUs were then sold to cover statutory tax withholding requirements.
• Specifically, 605 shares were sold at a price of $386.59, and 382 shares were sold at the same price.
• Following these transactions, Samath directly owns 8,757 shares of Intuitive Surgical common stock and 1,504 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they relate to executive compensation and tax obligations.

Key Dates