Ivan K. Fong - 01 Feb 2022 Form 4 Insider Report for Medtronic plc (MDT)

Role: EVP GENERAL COUNSEL & SECR
Signature: /s/ Thomas L. Osteraas, attorney-in-fact
Issuer symbol: MDT
Transactions as of: 01 Feb 2022
Net transactions value: +$20,337,618
Form type: 4
Filing time: 03 Feb 2022, 17:25:51 UTC
Previous filing: 17 May 2021
Next filing: 16 May 2022
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	+6,237		$0.000000	6,237	01 Feb 2022	Direct	F1
transaction	MDT	Ordinary Shares	Award	$0	+24,134	+387%	$0.000000	30,371	01 Feb 2022	Direct	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	$5,228,809	+50,476		$103.59	50,476	01 Feb 2022	Ordinary Shares	50,476	$103.59	Direct	F3
transaction	MDT	Performance Share Units	Award	$0	+15,591		$0.000000	15,591	01 Feb 2022	Performance Share Units	15,591		Direct	F4, F5, F6
transaction	MDT	Stock Option (Right to Buy)	Award	$15,108,809	+145,852		$103.59	145,852	01 Feb 2022	Ordinary Shares	145,852	$103.59	Direct	F7
transaction	MDT	Performance Share Units	Award	$0	+21,238		$0.000000	21,238	01 Feb 2022	Performance Share Units	21,238		Direct	F4, F6, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restrictions on these restricted stock units shall lapse 100% on August 2, 2024.
F2	The restrictions on these restricted stock units shall vest 50% on December 10, 2022, 25% on December 10, 2023 and 25% on December 10, 2024.
F3	These options become exercisable at the rate of 25% of the shares granted per year beginning on the date noted.
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, 15,591 shares will be issued. The actual number of shares to be issued could range from a low of 3,118 at minimum performance to a high of 31,182 shares at maximum performance. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
F6	Vests on August 2, 2024.
F7	These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.
F8	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, 21,238 shares will be issued. The actual number of shares to be issued could range from a low of 4,248 at minimum performance to a high of 42,476 shares at maximum performance. If minimum performance metrics are not met, such PSUs may vest at 0 shares.