Form 4: Intuitive Surgical VP Exercises Stock Options and Sells Shares to Cover Taxes
SEC Form 4
Fredrik Widman, VP Corporate Controller at Intuitive Surgical, executed stock options and sold shares to cover tax obligations on February 29, 2024.
Summary
- On February 29, 2024, Fredrik Widman, VP Corporate Controller of Intuitive Surgical Inc., engaged in transactions involving the company's stock.
- Widman exercised stock options, acquiring 849 shares and 468 shares of common stock at a price of $0.00.
- Simultaneously, Widman disposed of 303 shares and 167 shares of common stock at a price of $386.59 to cover tax withholding requirements.
- Following these transactions, Widman directly owns 3,927 shares of Intuitive Surgical common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction related to stock options and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are routine and do not indicate any significant change in the company's financial health or prospects.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transactions: stock option exercise and sale of shares. |
| 02/28/2026 | Expiration date for some Restricted Stock Units. |
| 02/28/2030 | Expiration date for some Restricted Stock Units. |
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