Form 4: Intuitive Surgical President David J. Rosa Reports Stock Transactions

David J. Rosa, President of Intuitive Surgical, reports the vesting of Restricted Stock Units (RSUs) and subsequent stock sales to cover tax obligations.

Summary

• On February 26, 2024, David J. Rosa, President of Intuitive Surgical, engaged in transactions involving Intuitive Surgical common stock.
• He acquired 1,710 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
• Simultaneously, he disposed of 867 shares to cover tax withholding requirements at a price of $389.77 per share.
• Following these transactions, Rosa directly owns 215,940 shares of Intuitive Surgical common stock.
• He also holds 15,263 Restricted Stock Units.
• The RSUs vest 25% per year over a four-year period, commencing on the first anniversary of the grant date, and convert into common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 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 are related to executive compensation and tax obligations.

Key Dates