Form 4: Intuitive Surgical EVP Jamie Samath Reports Stock Transactions
SEC Form 4
EVP & CFO of Intuitive Surgical, Jamie Samath, reports multiple transactions involving common stock and derivative securities, including the exercise of stock options and vesting of restricted stock units.
Summary
- Jamie Samath, EVP & CFO of Intuitive Surgical, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- The transactions occurred on February 26, 2025, and involved the exercise of non-qualified stock options and the vesting of restricted stock units (RSUs).
- Samath acquired 1,281 shares and 1,908 shares of common stock through RSU vesting.
- Samath also acquired 54 shares of common stock through the exercise of stock options at prices of $245.6 and $347.4167.
- A total of 635 and 946 shares were disposed of to cover tax withholding requirements related to the vesting of RSUs, at a price of $573.74.
- Additionally, 54 shares were sold at $570.85 to comply with a pre-arranged trading plan under SEC Rule 10b5-1.
- Following these transactions, Samath directly owns 4,890 shares of Intuitive Surgical common stock and 5,951 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock transactions, including option exercises and RSU vesting. |
| 02/27/2025 | Date of Form 4 filing. |
| May 6, 2025 | Expiration date of the Trading Plan that complies with SEC Rule 10b5-1. |
| 02/26/2031 | Expiration date of Non-Qualified Stock Options. |
| 08/26/2031 | Expiration date of Non-Qualified Stock Options. |
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