Form 4: Intuitive Surgical Director Alan J. Levy Reports Stock Transaction

Director Alan J. Levy reported the vesting of Restricted Stock Units (RSUs) into common stock of Intuitive Surgical on April 25, 2024.

Summary

• On April 25, 2024, Alan J. Levy, a director of Intuitive Surgical Inc. (ISRG), reported a transaction involving Restricted Stock Units (RSUs).
• 569 RSUs vested and converted into 569 shares of Intuitive Surgical common stock.
• The price per share for the conversion was $0.0.
• Following the transaction, Levy directly owns 25,888 shares of Intuitive Surgical common stock.
• 100% of the RSUs vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to continued service.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment.

Positives

• The vesting of RSUs indicates a continued alignment of the director's interests with those of the shareholders.

Future Outlook

The RSUs vest fully on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, contingent upon continued service.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Intuitive Surgical. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates