Form 4: Intuitive Surgical Exec Reports Equity Vesting & Tax Sales
Insider Transaction Report
Intuitive Surgical's SVP & GM, Iman Jeddi, reported the vesting of Restricted Stock Units and Performance Stock Units, alongside related tax-driven share dispositions.
Summary
- Iman Jeddi, SVP & GM da Vinci Platforms & at Intuitive Surgical Inc. (ISRG), reported transactions on February 28, 2026.
- 626 shares of Common Stock were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $0.0.
- 311 shares of Common Stock were disposed of at $503.51 per share to cover statutory tax withholding requirements related to RSU vesting.
- 8,378 shares of Common Stock were acquired through the vesting of Performance Stock Units (PSUs) at a price of $0.0, following the achievement of performance criteria.
- 4,155 shares of Common Stock were disposed of at $503.51 per share to cover statutory tax withholding requirements related to PSU vesting.
- Following these transactions, Jeddi directly beneficially owns 6,463 shares of Common Stock.
- An additional 26,649 shares are indirectly beneficially owned by a Trust.
- The reported transactions include 3 shares that should have been included on a Form 3 filed on January 29, 2026.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the executive's earned compensation through equity vesting, which is a standard and expected part of executive remuneration. The achievement of performance metrics for PSUs is also a positive indicator.
Positives
- The vesting of 626 Restricted Stock Units (RSUs) and 8,378 Performance Stock Units (PSUs) indicates the executive has earned compensation.
- The Performance Stock Units (PSUs) vested because the Compensation Committee determined that certain performance metrics were achieved, reflecting positive company performance.
Negatives
- A total of 4,466 shares (311 from RSU vesting and 4,155 from PSU vesting) were disposed of to cover tax obligations, reducing the executive's direct beneficial ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, reflecting standard executive compensation practices within the medical device industry, particularly for companies like Intuitive Surgical known for innovation in robotic-assisted surgery. The vesting of equity awards is a common component of executive compensation packages designed to align management interests with shareholder value over the long term.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and changes in insider ownership, which can be a factor in assessing management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Grant date for some Restricted Stock Units (RSUs) that vested. |
| 02/28/2023 | Initial grant date for Performance Stock Units (PSUs). |
| 01/29/2026 | Date of a previously filed Form 3, which should have included 3 additional shares. |
| 02/28/2026 | Transaction date for RSU and PSU vesting and related tax withholdings. |
| 03/03/2026 | Signature date of the reporting person for this Form 4. |
Keywords
Intuitive Surgical, ISRG, Form 4, Insider Transaction, Restricted Stock Units, Performance Stock Units, Executive Compensation, Stock Vesting, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.