ISRG.NASDAQIntuitive Surgical INC

Form 4: Intuitive Surgical Executive Robert DeSantis Reports Stock Transactions

Sentiment:

SEC Form 4

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Robert DeSantis, EVP & Chief Strategy & Corp Op at Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.

Summary

  • On February 26, 2024, Robert DeSantis, EVP & Chief Strategy & Corp Op at Intuitive Surgical, engaged in transactions involving Intuitive Surgical common stock.
  • DeSantis vested 1,587 Restricted Stock Units (RSUs) which converted into common stock.
  • He then disposed of 498 shares of common stock at a price of $389.77 to cover statutory tax withholding requirements.
  • Following these transactions, DeSantis directly owns 9,099 shares of common stock and 6,105 Restricted Stock Units.
  • The RSUs vest 25% per year over a four-year period, commencing on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions related to compensation. It doesn't indicate any significant positive or negative sentiment.

Future Outlook

The remaining RSUs will continue to vest 25% annually over the remaining three years.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions provide insights into executive sentiment and alignment with shareholder interests.

Key Dates

DateDescription
02/26/2024Date of stock transactions (vesting of RSUs and sale of shares for tax obligations).
02/27/2024Date of Form 4 signature.
02/26/2025First anniversary of RSU grant date.

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