Marinaro Michael 4

What Happened
Michael Marinaro, Executive Vice President and President, MedSurg and Americas at Medtronic (MDT), had 7,471 shares withheld to satisfy tax withholding obligations tied to vested performance-restricted stock units. The shares were recorded as disposed on 2026-06-04 at an effective value of $83.32 per share, totaling approximately $622,484. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-04; per-share amount used for withholding: $83.32; total value: $622,484.
• Transaction code: F (shares withheld to cover tax liability).
• Footnote: Shares were withheld for taxes upon settlement of performance-vesting RSUs that vested on April 24, 2026 (F1).
• Filing date: 2026-06-08 — filed within the normal Form 4 window (timely).
• Shares owned after the transaction: not specified in the provided excerpt.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not indicate an active open-market sale or a change in investment stance. For retail investors, purchases or open-market insider buys tend to be more informative about insider sentiment; tax-withholding disposals are common and typically neutral.