Form 4: Intuitive Surgical SVP Henry L. Charlton Reports Stock Transactions
SEC Form 4
Henry L. Charlton, SVP & Chief Commercial and Marketing Officer of Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 29, 2024, Henry L. Charlton, SVP & Chief Commercial and Marketing Officer of Intuitive Surgical Inc. (ISRG), reported transactions involving Intuitive Surgical common stock.
- Charlton vested 1,449 Restricted Stock Units (RSUs) and 752 RSUs, which converted into common stock.
- 642 shares were disposed of at a price of $386.59 to cover tax withholding requirements related to the vesting of the RSUs.
- An additional 338 shares were disposed of at a price of $386.59 to cover tax withholding requirements related to the vesting of the RSUs.
- Following these transactions, Charlton directly owns 23,486 shares of Intuitive Surgical common stock and 1,504 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, and the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock transactions (vesting of RSUs and sale of shares for tax obligations). |
| 02/28/2026 | Expiration date for some of the Restricted Stock Units. |
| 02/28/2030 | Expiration date for some of the Restricted Stock Units. |
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.