Form 4: Medtronic Executive Gregory L. Smith Reports Stock Transactions
SEC Form 4
EVP Gregory L. Smith reports the settlement of performance share units and associated tax withholdings.
Summary
- Gregory L. Smith, EVP Global Ops & Supply Chain at Medtronic plc, reported transactions involving Medtronic ordinary shares on August 2, 2024.
- These transactions include the settlement of performance-vesting restricted stock units, resulting in the issuance of 3,490 shares.
- Shares were also withheld for taxes upon the settlement of these units: 1,374 shares at $81.51 and 1,513 shares at $81.51.
- Following these transactions, Smith directly owns 61,870 ordinary shares.
- The performance share units vested on August 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Date of grant for performance-vesting restricted stock units that settled on August 2, 2024. |
| 08/02/2024 | Date of transactions: settlement of performance share units, tax withholdings, and vesting of restricted stock units. |
| 08/06/2024 | Date of signature for the Form 4 filing. |
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