Form 4: Intuitive Surgical President David J. Rosa Reports Stock Transactions
SEC Form 4
David J. Rosa, President of Intuitive Surgical, reports the acquisition and disposal of common stock and restricted stock units on June 10, 2024.
Summary
- On June 10, 2024, David J. Rosa, President of Intuitive Surgical Inc., reported transactions involving the company's stock.
- Rosa acquired 1,359 shares of common stock upon the vesting of Restricted Stock Units (RSUs).
- Simultaneously, 689 shares were disposed of to cover tax withholding requirements at a price of $417.61 per share.
- Following these transactions, Rosa directly owns 215,955 shares of Intuitive Surgical common stock and 4,074 Restricted Stock Units.
- The reported transactions were related to the vesting of RSUs granted on June 10, 2023, which vest 25% annually over four years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any particular positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is standard practice for executives to receive and vest stock options or RSUs as part of their compensation, and to sell a portion of those shares to cover taxes.
Key Dates
| Date | Description |
|---|---|
| 06/10/2023 | Grant date of Restricted Stock Units (RSUs) that vest 25% annually over four years. |
| 06/10/2024 | Date of reported transactions: acquisition of 1,359 shares through RSU vesting and disposal of 689 shares for tax withholding. |
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