Ivan K. Fong - Feb 1, 2022 Form 4 Insider Report for Medtronic plc (MDT)

Role: EVP GENERAL COUNSEL & SECR
Signature: /s/ Thomas L. Osteraas, attorney-in-fact
Stock symbol: MDT
Transactions as of: Feb 1, 2022
Transactions value $: $20,337,618
Form type: 4
Date filed: 2/3/2022, 05:25 PM
Previous filing: May 17, 2021
Next filing: May 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDT	Ordinary Shares	Award	$0	+6.24K		$0.00	6.24K	Feb 1, 2022	Direct	F1
transaction	MDT	Ordinary Shares	Award	$0	+24.1K	+386.95%	$0.00	30.4K	Feb 1, 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	$5.23M	+50.5K		$103.59	50.5K	Feb 1, 2022	Ordinary Shares	50.5K	$103.59	Direct	F3
transaction	MDT	Performance Share Units	Award	$0	+15.6K		$0.00	15.6K	Feb 1, 2022	Performance Share Units	15.6K		Direct	F4, F5, F6
transaction	MDT	Stock Option (Right to Buy)	Award	$15.1M	+146K		$103.59	146K	Feb 1, 2022	Ordinary Shares	146K	$103.59	Direct	F7
transaction	MDT	Performance Share Units	Award	$0	+21.2K		$0.00	21.2K	Feb 1, 2022	Performance Share Units	21.2K		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.