Form 4: Intuitive Surgical SVP Mark Brosius Reports Stock Transactions

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

• On February 26, 2024, Mark Brosius, SVP & Chief Manufacturing and Supply Chain Officer at Intuitive Surgical Inc. (ISRG), reported transactions involving Intuitive Surgical common stock.
• Brosius vested 855 Restricted Stock Units (RSUs) which converted into common stock.
• 434 shares were disposed of at a price of $389.77 to cover tax withholding requirements.
• Following the reported transactions, Brosius directly owns 1,130 shares of common stock.
• He also directly owns 6,487 Restricted Stock Units.
• The RSUs vest 25% per year over a four-year period, commencing on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock transactions by a company executive. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. Insider transactions are a normal part of executive compensation.

Key Dates