Samath Jamie 4
4 · INTUITIVE SURGICAL INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Intuitive Surgical (ISRG) CFO Samath Receives Vested Shares
What Happened
Samath (EVP & CFO & Enterprise Technol) had RSUs/PSUs convert into 11,525 shares of Intuitive Surgical common stock on February 28, 2026 (10,773 PSUs and 752 RSUs). To cover statutory tax withholding, 5,716 shares were surrendered/withheld at $503.51 per share, resulting in tax payments of $2,878,063 (reported as two withholding disposals: 373 shares = $187,809 and 5,343 shares = $2,690,254). The remaining net shares were deposited into the reporting person’s account.
Key Details
- Transaction date: February 28, 2026; Form 4 filed March 2, 2026 (no late filing indicated).
- Conversion/exercise price: $0.00 (RSUs/PSUs converted into common stock).
- Tax-withholding disposals: 5,716 shares withheld at $503.51 each = $2,878,063 total.
- Vested shares converted: 11,525 total (10,773 PSUs; 752 RSUs).
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes: F2 confirms PSUs granted Feb 28, 2023 met performance goals and vested on Feb 28, 2026; F1/F4 describe RSU vesting schedule; F3 notes the share withholding covered PSU settlement taxes.
Context
- This was not a market purchase or an opportunistic sale — it reflects scheduled vesting/settlement of equity awards. The withheld shares represent a cashless method (share withholding) to satisfy tax obligations, a common administrative step when awards vest.
- PSUs vested because performance metrics were achieved (per the filing); that determination was made by the company’s Compensation Committee.
- Such filings are routine for executives receiving vested awards and do not by themselves indicate a buy/sell signal about the insider’s view of the company.
Insider Transaction Report
Form 4
Samath Jamie
EVP & CFO & Enterprise Technol
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-28+752→ 10,309 total - Tax Payment
Common Stock
[F1]2026-02-28$503.51/sh−373$187,809→ 9,936 total - Exercise/Conversion
Common Stock
[F2]2026-02-28+10,773→ 20,709 total - Tax Payment
Common Stock
[F3]2026-02-28$503.51/sh−5,343$2,690,254→ 15,366 total - Exercise/Conversion
Performance Stock Units - 2-28-2023
[F2]2026-02-28−10,773→ 0 totalExercise: $0.00→ Common Stock (10,773 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-02-28−752→ 0 totalExercise: $0.00Exp: 2026-02-28→ Common Stock (752 underlying)
Footnotes (4)
- [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]This transaction represents the withholding of shares to cover taxes applicable to a settlement of PSUs reported on this Form 4.
- [F4]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.
Signature
By: Stephanie Lim-Ignacio For: Samath, Jamie|2026-03-02