Jeddi Iman 4
4 · INTUITIVE SURGICAL INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Intuitive Surgical SVP Jeddi Iman Receives Vested Shares
What Happened
Jeddi Iman, Senior Vice President & GM, da Vinci Platforms at Intuitive Surgical (ISRG), had equity awards vest on Feb 28, 2026. A total of 9,004 shares were converted/issued on vesting (8,378 performance stock units (PSUs) and 626 restricted stock units (RSUs)). To cover tax withholding obligations, 4,466 shares were surrendered/disposed at $503.51 per share (311 shares = $156,592 and 4,155 shares = $2,092,084), totaling about $2,248,676. The remaining net shares were deposited into the reporting person’s account.
Key Details
- Transaction date: Feb 28, 2026. Form 4 filed Mar 3, 2026.
- Conversion/vesting: 8,378 PSUs and 626 RSUs converted into common stock (total 9,004 shares).
- Tax withholding (dispositions): 4,466 shares withheld/sold at $503.51 each, raising ≈ $2.25M.
- Footnotes: PSUs were originally granted Feb 28, 2023 and vested after performance goals were met (F3). RSUs vest 25% per year over 4 years; a portion was withheld for taxes and net shares deposited (F1, F5). F4 confirms withholding was to cover taxes on PSU settlement; F2 notes 3 shares that should have been included on a prior Form 3.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was not an open-market sale or a buy signal — it was the routine conversion/settlement of vested equity awards with shares withheld to satisfy tax obligations (a common, administrative transaction often called a cashless withholding). The filing documents the vesting and tax withholding rather than an executive choosing to sell shares for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-28+626→ 2,551 total - Tax Payment
Common Stock
[F1][F2]2026-02-28$503.51/sh−311$156,592→ 2,240 total - Exercise/Conversion
Common Stock
[F3][F2]2026-02-28+8,378→ 10,618 total - Tax Payment
Common Stock
[F4][F2]2026-02-28$503.51/sh−4,155$2,092,084→ 6,463 total - Exercise/Conversion
Performance Stock Units - 2-28-2023
[F3]2026-02-28−8,378→ 0 totalExercise: $0.00→ Common Stock (8,378 underlying) - Exercise/Conversion
Restricted Stock Units - 2-28-2022
[F5]2026-02-28−626→ 0 totalExercise: $0.00→ Common Stock (626 underlying)
- 26,649(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
- [F2]Includes 3 shares that should have been included on Form 3 filed Jan 29, 2026.
- [F3]Represents performance stock units ("PSUs") initially granted to the Reporting Person on February 28, 2023 subject to achievement of certain performance metrics. The performance criteria for the PSUs reported herein have been achieved, as determined by the Compensation Committee of the Issuer. The PSUs reported herein vest on February 28, 2026, the third anniversary of the grant date, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
- [F4]This transaction represents the withholding of shares to cover taxes applicable to a settlement of PSUs reported on this Form 4.
- [F5]Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.