Form 4: Intuitive Surgical VP Fredrik Widman Reports Stock Transactions
SEC Form 4
VP Corporate Controller Fredrik Widman reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Fredrik Widman, VP Corporate Controller at Intuitive Surgical, filed a Form 4 on February 10, 2025, reporting transactions related to restricted stock units (RSUs).
- 568 shares were acquired through the vesting of RSUs at a price of $0.0.
- 298 shares were disposed of to cover tax withholding requirements at a price of $582.98.
- Following these transactions, Widman directly owns 435 shares of common stock and 1,134 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any significant positive or negative sentiment.
Future Outlook
The RSUs will continue to vest 25% annually on each anniversary of February 10, 2023, subject to the reporting person's continuous service.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates standard compensation practices at Intuitive Surgical.
Comparison to Industry Standards
- Stock-based compensation, including RSUs, is a common practice among publicly traded companies, especially in the technology and healthcare sectors, to align employee incentives with shareholder value.
- Companies like Medtronic, Stryker, and Johnson & Johnson also utilize RSUs as part of their executive compensation packages.
- The vesting schedule of 25% per year over four years is a typical vesting structure.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| July 25, 2024 | Date of Power of Attorney execution. |
| February 10, 2023 | Commencement date for RSU vesting (25% per year over four years). |
| February 10, 2025 | Date of reported transactions: RSU vesting and tax withholding. |
Keywords
Form 4, Intuitive Surgical, ISRG, Restricted Stock Units, RSU, Vesting, Insider Trading, Stock Transaction, Fredrik Widman, Corporate Controller
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