Jennifer M. Kirk - 01 Aug 2022 Form 4 Insider Report for Medtronic plc (MDT)

Signature
/s/ Thomas L. Osteraas, attorney-in-fact
Issuer symbol
MDT
Transactions as of
01 Aug 2022
Net transactions value
$0
Form type
4
Filing time
03 Aug 2022, 17:38:18 UTC
Previous filing
19 Jul 2022
Next filing
17 Oct 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDT Ordinary Shares Award $0 +2,364 +29% $0.000000 10,630 01 Aug 2022 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 Performance Share Units Award $0 +5,909 $0.000000 5,909 01 Aug 2022 Performance Share Units 5,909 Direct F3, F4, F5
transaction MDT Stock Option (Right to Buy) Award $0 +18,679 $0.000000 18,679 01 Aug 2022 Ordinary Shares 18,679 $93.08 Direct F6
transaction MDT Stock Option (Right to Buy) Award $0 +1,416 $0.000000 1,416 01 Aug 2022 Ordinary Shares 1,416 $93.08 Direct 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 332 shares due to exempt transactions such as dividend reinvestment and employee stock purchase plan.
F3 Each performance share unit represents a contingent right to receive one share of Medtronic common stock.
F4 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, 5,909 shares will be issued. If minimum performance metrics are not met, such PSUs may vest at 0 shares.
F5 Vests on August 1, 2025.
F6 These options become exercisable at the rate of 25% of the shares granted per year beginning on the first anniversary of grant.