Form 4: Intuitive Surgical SVP Mark Brosius Reports Stock Transactions
SEC Form 4
Mark Brosius, SVP & Chief Manufacturing and Supply Chain Officer at Intuitive Surgical, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Mark Brosius, a Senior Vice President at Intuitive Surgical, filed a Form 4 detailing transactions involving Intuitive Surgical common stock.
- On February 26, 2025, Brosius vested 1,622 and 855 Restricted Stock Units (RSUs) which converted into common stock.
- He then disposed of 805 and 424 shares of common stock at a price of $573.74 to cover tax withholding requirements.
- Following these transactions, Brosius directly owns 1,896 shares of common stock and 3,891 Restricted Stock Units.
- The RSUs vest 25% per year over a four-year period from the grant date.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, and the sentiment is neutral as it reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock transactions (vesting and disposal of shares) |
| 02/27/2025 | Date of Form 4 filing |
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.