ARNOLD CRAIG 4

What Happened

• Arnold Craig, a director of Medtronic plc, was granted 2,111 restricted stock units (RSUs) on 2026-04-27. These RSUs were reported as awards (code A) at $0.00 and vest on the one-year anniversary of the grant.
• On 2026-04-28, 207 shares were disposed (code F) at $81.90 per share, totaling $16,953. Those shares were withheld to satisfy tax withholding obligations related to previously vested RSUs, not sold in an open-market transaction.
• Net effect (on a share-count basis shown in this filing): +2,111 awarded minus 207 withheld = +1,904 shares (2,111 of which are unvested RSUs).

Key Details

• Transaction dates and prices:
  • 2026-04-27: Award of 2,111 RSUs (A) — reported at $0.00 (vesting in one year per footnote F1).
  • 2026-04-28: 207 shares withheld for taxes (F) at $81.90 each = $16,953 (footnote F3).
• Shares owned after transaction: filing shows a net increase of 1,904 shares (2,111 awarded less 207 withheld); 2,111 RSUs are unvested.
• Notable footnotes:
  • F1: RSUs vest one year from the award date.
  • F2: 65 shares reported include dividend reinvestment since last report.
  • F3: 207 shares withheld to pay taxes on prior RSU vesting.
• Filing timeliness: Reported 2026-04-29 for transactions on 4/27–4/28 — appears timely (Form 4 due within two business days).

Context

• This filing reflects a compensatory equity award (RSUs) and routine tax withholding — not an open-market buy or sale that signals a trading decision.
• RSU awards are common executive/director compensation; they do not convey immediate tradable shares until vesting. The withheld shares were used to meet tax obligations rather than to indicate a disposition for cash-return purposes.