Form 4: Intuitive Surgical EVP Brian Miller Reports Stock Transactions
SEC Form 4
Brian Edward Miller, EVP & Chief Digital Officer of Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Brian Edward Miller, an executive at Intuitive Surgical, filed a Form 4 detailing transactions involving Intuitive Surgical common stock.
- On February 26, 2025, Miller vested 1,647 and 1,622 Restricted Stock Units (RSUs) which converted into common stock.
- He then disposed of 817 and 805 shares of common stock at a price of $573.74 to cover tax obligations.
- Miller also acquired 2,746 new RSUs on the same date.
- Following these transactions, Miller directly owns 9,416 shares of common stock and 4,865 RSUs.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative.
Industry Context
Executive stock transactions are a routine part of corporate governance and compensation practices. They provide insights into executive sentiment but are often driven by pre-arranged plans and tax considerations.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Initial grant date for some of the Restricted Stock Units (RSUs) that vested. |
| 02/26/2024 | Initial grant date for some of the Restricted Stock Units (RSUs) that vested. |
| 02/26/2025 | Date of the reported transactions: vesting of RSUs, disposal of shares for tax obligations, and acquisition of new RSUs. |
| 02/27/2025 | Date of the Form 4 filing. |
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