Jeddi Iman 4
Research Summary
AI-generated summary
Intuitive Surgical (ISRG) SVP Jeddi Iman Vests Awards, Withholds Shares for Taxes
What Happened
- Jeddi Iman, SVP & GM, da Vinci Platforms, had equity awards (RSUs and PSUs) vest/convert on Feb 26, 2026. The filing shows awards of 2,793 PSUs and 4,480 RSUs recorded as granted/converted, and conversions/exercises of related derivatives.
- To satisfy tax withholding, 631 and 341 shares (total 972 shares) were disposed at $506.17 per share, generating $319,393 and $172,604 respectively (total $491,997). The remaining vested shares were deposited into the reporting person’s account.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (timely — within required reporting window).
- Tax-withholding sales: 631 shares @ $506.17 ($319,393) and 341 shares @ $506.17 ($172,604); total withheld/sold = 972 shares for $491,997.
- Grants / conversions reported: Grant/award entries for 2,793 (PSUs) and 4,480 (RSUs) shares (derivative awards recorded at $0). Several exercise/conversion (M) entries show conversion of derivatives into shares.
- Footnotes: F1 explains RSU vesting and that a portion was withheld for taxes; F2 confirms PSUs (granted 2/28/2023) met performance criteria and vested 2/28/2026; F3 reiterates RSU vesting schedule.
- Shares owned after transaction: not specified in the supplied filing.
- Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = shares withheld/disposed to satisfy tax withholding.
Context / What this means for investors
- These transactions represent routine vesting and tax-withholding activity on equity awards, not an open-market sale intended to realize gains. The F-coded dispositions are tax withholdings rather than discretionary sell decisions.
- For clarity: PSUs vesting was performance-based (per footnote F2) and RSUs follow scheduled vesting (F1/F3). No indication in this filing of additional purchases or directional insider trading beyond the vesting/withholding events.