Walter Matthew R. 4

What Happened

Matthew R. Walter, Senior Vice President and Chief Human Resources Officer at Medtronic (MDT), had 35 shares withheld to satisfy tax withholding obligations when restricted stock units vested. The withholding was reported at $80.00 per share, totaling $2,800. This is a tax-withholding disposition (Form 4 code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-05-01; 35 shares withheld at $80.00/share (total $2,800).
• Transaction type: F — shares withheld to pay taxes upon vesting of previously granted RSUs (per footnote F1).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — withholding to pay taxes on vested RSUs reported in Table I. F2 — filing notes 367 shares acquired via dividend reinvestment and 191 shares acquired under Medtronic’s Employee Stock Ownership Plan since the filer’s last report.
• Filing date: Form filed 2026-05-04 (as reported); the filing shows the transaction for 2026-05-01.

Context

Tax-withholding withholdings are routine administrative actions when restricted stock units vest and do not necessarily indicate the insider is buying or selling based on outlook. This transaction reduces the insider’s net share count by the withheld amount and should be viewed differently from open-market sales or purchases.