Samath Jamie 4
4 · INTUITIVE SURGICAL INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Intuitive Surgical (ISRG) CFO Jamie Samath Receives Awards & Sells Shares
What Happened
Jamie Samath, EVP & CFO of Intuitive Surgical (ISRG), reported the vesting/conversion of equity awards (RSUs/PSUs) on 2026-02-26 and the sale/withholding of shares to cover taxes. The filing shows conversions/exercises of 1,908 and 1,488 derivative shares and grants/awards of 3,591 and 6,720 derivative shares. To cover tax withholding, 900 shares were disposed at $506.17 for $455,553 and 738 shares were disposed at $506.17 for $373,553 — a combined tax-related disposition of 1,638 shares for approximately $829,106. These transactions are generally routine: awards vested/converted into common stock, and a portion was held back/sold to satisfy withholding obligations.
Key Details
- Transaction date: 2026-02-26; Form filed 2026-02-27 (next day).
- Dispositions for tax withholding: 900 shares @ $506.17 = $455,553 and 738 shares @ $506.17 = $373,553 (total ≈ $829,106).
- Reported conversions/exercises: 1,908 and 1,488 derivative shares (exercise/conversion code M).
- Reported awards/grants (derivative): 3,591 and 6,720 shares (code A).
- Shares owned after the transactions: not specified in the provided summary.
- Footnotes: RSUs convert one-for-one to common stock and vest 25% annually (F1, F3). PSUs granted 2/28/2023 reached performance targets and vested on/around 2/28/2026 (F2). A portion of shares was held back/sold to cover statutory tax withholding.
Context
- These entries reflect vested awards and routine tax-withholding dispositions, not an open-market decision to sell for investment reasons. When awards vest, companies commonly withhold or sell a portion of shares to satisfy taxes (transaction code F).
- The filing includes conversions/exercises of derivative awards (M) and award grants/vesting (A); the disposals here are tied to withholding, not a separate market-sale signal.
- No indication in the filing that these transactions were late; they were reported the next day.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-26+1,908→ 9,707 total - Tax Payment
Common Stock
[F1]2026-02-26$506.17/sh−900$455,553→ 8,807 total - Exercise/Conversion
Common Stock
[F1]2026-02-26+1,488→ 10,295 total - Tax Payment
Common Stock
[F1]2026-02-26$506.17/sh−738$373,553→ 9,557 total - Award
Performance Stock Units - 2-28-2023
[F2]2026-02-26+3,591→ 10,773 totalExercise: $0.00→ Common Stock (3,591 underlying) - Exercise/Conversion
Restricted Stock Units - 2-26-2024
[F3]2026-02-26−1,908→ 3,815 totalExercise: $0.00→ Common Stock (1,908 underlying) - Exercise/Conversion
Restricted Stock Units - 2-26-2025
[F3]2026-02-26−1,488→ 4,463 totalExercise: $0.00→ Common Stock (1,488 underlying) - Award
Restricted Stock Units - 2-26-2026
[F3]2026-02-26+6,720→ 6,720 totalExercise: $0.00→ Common Stock (6,720 underlying)
Footnotes (3)
- [F1]RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
- [F2]Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 28, 2023 subject to achievement of certain performance metrics. The performance criteria for the PSUs reported herein have been achieved, as determined by the Compensation Committee of the Issuer. The PSUs reported herein vest on February 28, 2026, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
- [F3]Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.