Form 4: Intuitive Surgical Executive VP Marshall Mohr Reports Stock Transactions
SEC Form 4 Filing
Executive VP of Global Business at Intuitive Surgical, Marshall Mohr, reports the vesting and subsequent sale of restricted stock units (RSUs) to cover tax obligations.
Summary
- Marshall Mohr, Executive VP of Global Business at Intuitive Surgical, reported transactions involving common stock and Restricted Stock Units (RSUs) on February 26, 2024.
- 1,710 RSUs vested and converted into common stock.
- 867 shares were sold at $389.77 to cover tax withholding requirements.
- Following these transactions, Mohr directly owns 26,877 shares of common stock and indirectly owns 100,353 shares through a trust.
- Mohr also directly owns 1,710 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions can provide insights into an executive's perspective on the company's performance, though they are often driven by personal financial planning.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transactions (vesting of RSUs and sale of shares). |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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