Walter Matthew R. 4

What Happened

• Matthew R. Walter, Senior Vice President and Chief Human Resources Officer at Medtronic, reported the settlement/conversion of performance-vesting share units on May 26, 2026. The filing shows 9,149 shares were acquired at $0.00 and 8,449 shares were disposed at $0.00. The transactions are recorded as derivative conversions (Form 4 code M).

Key Details

• Transaction date: 2026-05-26; Filing date: 2026-05-28 (filed within the standard 2-business-day window).
• Acquired: 9,149 shares @ $0.00 (settlement of performance-vesting share units).
• Disposed: 8,449 shares @ $0.00 (reported as a derivative disposition; filing does not specify the reason for disposition).
• Footnotes: F1–F3 state these shares were issued upon settlement of performance-vesting share units granted July 31, 2023; each PSU equals one share; performance was certified May 26, 2026 and the PSUs vested April 24, 2026.
• Shares owned after transaction: Not disclosed in the provided filing details.

Context

• These transactions reflect the conversion/settlement of performance-based awards (PSUs) into common stock, not an open-market purchase or sale driven directly by executive trading decisions. The reported dispositions (8,449 shares) may reflect administrative actions (e.g., tax withholding or similar), but the filing does not state the reason.