Jennifer M. Kirk - 02 Aug 2021 Form 4 Insider Report for Medtronic plc (MDT)

Role
Chief Accounting Officer
Signature
/s/ Thomas L. Osteraas, attorney-in-fact
Issuer symbol
MDT
Transactions as of
02 Aug 2021
Net transactions value
$0
Form type
4
Filing time
04 Aug 2021, 18:15:40 UTC
Previous filing
19 Jul 2021
Next filing
19 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDT Ordinary Shares Award $0 +1,143 +16% $0.000000 8,387 02 Aug 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MDT Stock Option (Right to Buy) Award $0 +9,764 $0.000000 9,764 02 Aug 2021 Ordinary Shares 9,764 $131.26 Direct F3
transaction MDT Stock Option (Right to Buy) Award $0 +1,085 $0.000000 1,085 02 Aug 2021 Ordinary Shares 1,085 $131.26 Direct F3
transaction MDT Performance Share Units Award $0 +2,857 $0.000000 2,857 02 Aug 2021 Performance Share Units 2,857 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restrictions on the award shall lapse 100% on the third anniversary of the Grant Date.
F2 This balance increased by 140 shares due to exempt transactions such as dividend reinvestment and employee stock purchase plan.
F3 These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
F4 Each performance share unit represents a contingent right to receive one share of Medtronic common stock.
F5 The number of shares to be issued in connection with the performance share units ("PSUs") will vary depending on the level of certain performance metrics achieved over a three (3) year performance period. If target performance metrics are achieved, 2,857 shares will be issued. The actual number of shares to be issued could range from a low of 572 at minimum performance to a high of 5,714 shares at maximum performance. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
F6 Vests on August 2, 2024.