LOEB GARY 4
4 · INTUITIVE SURGICAL INC · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Intuitive Surgical (ISRG) EVP Gary Loeb Receives Performance Award
What Happened Gary Loeb, EVP & Chief Legal and Compliance Officer of Intuitive Surgical (ISRG), was reported as receiving two grants of performance stock units (PSUs) on 2026-01-28 totaling 4,641 PSUs (2,543 + 2,098). Both entries are reported as derivative awards at $0.00 (code A), meaning no cash changed hands now — these are earned PSU awards that convert to shares only if and when they vest.
Key Details
- Transaction date: 2026-01-28; Form 4 filed 2026-01-30 (timely, within the required filing window).
- Grants: 2,543 PSUs (F1) and 2,098 PSUs (F2); reported price $0.00 (derivative award).
- Total PSUs awarded: 4,641.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: PSUs originally granted 2/26/2024; performance criteria have been met and these PSUs will vest on 2/26/2027, subject to continuous service through that date.
- F2: PSUs originally granted 2/28/2023; performance criteria have been met and these PSUs will vest on 2/28/2026, subject to continuous service through that date.
- Transaction code: A = Award/Grant. No 10b5-1, tax-withholding, or sale noted.
Context PSUs are derivative awards tied to performance goals; they do not represent shares until they vest and convert. These filings report that performance targets were achieved (the awards were earned), but vesting remains conditioned on future dates and continued employment — so this is not an immediate share purchase or sale.
Insider Transaction Report
- Award
Performance Stock Units - 2-26-2024
[F1]2026-01-28+2,543→ 2,543 totalExercise: $0.00→ Common Stock (2,543 underlying) - Award
Performance Stock Units - 2-28-2023
[F2]2026-01-28+2,098→ 2,098 totalExercise: $0.00→ Common Stock (2,098 underlying)
Footnotes (2)
- [F1]Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 26, 2024 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 26, 2027, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
- [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.