Blomquist Denise L. 4

What Happened
Denise L. Blomquist, Medtronic’s Chief Accounting Officer, had 148 shares withheld to satisfy tax obligations upon vesting of restricted stock units (RSUs). The shares were valued at $101.00 each for a total of $14,948 and were reported as a disposition (code F — tax withholding) on 2026-01-29. This was a tax-withholding event tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date and price: January 29, 2026 — 148 shares withheld at $101.00 per share (total $14,948).
• Transaction type/code: F — shares withheld to pay taxes on vested RSUs (disposition for tax purposes).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — shares withheld to pay taxes on vested RSUs previously reported on Table I; F2 — filing notes 97 shares were acquired via dividend reinvestment since the last report.
• Filing timeliness: Report filed 2026-02-02; this appears to be a timely Form 4 filing covering the 2026-01-29 transaction.

Context
Withholding shares to cover taxes on vesting awards is a routine administrative action and does not necessarily indicate insider sentiment about the company. For retail investors, purchases or open-market sales generally carry more interpretive weight than tax-related withholdings.