KIIL HARRY SKIP 4

What Happened
Harry Kiil, EVP & President, Cardiovascular at Medtronic (MDT), exercised stock options on Feb 19, 2026 to acquire 50,876 shares and completed multiple open-market sales the same day. Exercise entries: 30,568 shares at $93.08 ($2,845,269), 19,923 shares at $87.76 ($1,748,442), and 385 shares at $80.00 ($30,800) — total exercise cost ≈ $4.62M. Open-market sales that day totaled 52,524 shares for proceeds of ≈ $5.13M (weighted average sale price reported; see footnote). The Form 4 shows corresponding derivative disposals at $0, which is consistent with exercising options and immediately selling shares (cashless exercise or simultaneous sale).

Key Details

• Transaction date: Feb 19, 2026; Form 4 filed Feb 26, 2026 (filed 7 days after transaction; appears later than the usual 2-business-day Form 4 filing requirement).
• Options exercised (acquisitions): 50,876 shares at strikes of $80.00–$93.08, total exercise cost ≈ $4,624,511.
• Open-market sales (dispositions): 52,524 shares across multiple trades; total proceeds ≈ $5,132,217. Reported sale prices ranged from $97.60 to $97.775 (weighted-average reported per footnote).
• Net cash difference (sales minus exercise cost) ≈ $507,706 before taxes/withholdings (simple arithmetic, not a statement of realized gain after tax).
• Footnotes: F1 — 239 shares acquired via dividend reinvestment since last report. F2 — weighted average sale price reported; individual sale prices ranged $97.60–$97.775; detailed breakdown available on request.
• Shares owned after the transaction: not specified in the summary data provided in your request; see the full Form 4 for post-transaction holdings.

Context

• This pattern (exercise of options followed by immediate sale of shares and derivative disposals reported at $0) is typical of a cashless exercise or simultaneous sell-to-cover to pay exercise cost and tax withholding; the filing shows both the option exercise (M code) and open-market sales (S code).
• Sales do not necessarily indicate negative views by the insider; when paired with immediate option exercises they frequently reflect routine compensation/vesting and tax-management activity rather than a directional bet.
• If you want the full breakdown of holdings after the transactions or the precise per-trade sale prices, the Form 4 filing (accession 0001708062-26-000002) provides the detailed tables and can be requested from the SEC or issuer.