Michael Marinaro - Aug 3, 2023 Form 4 Insider Report for Medtronic plc (MDT)

Signature
/s/ Thomas L. Osteraas, attorney-in-fact
Stock symbol
MDT
Transactions as of
Aug 3, 2023
Transactions value $
-$225,497
Form type
4
Date filed
8/7/2023, 08:47 PM
Previous filing
Aug 2, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDT Ordinary Shares Award $0 +1.7K +5.67% $0.00 31.6K Aug 3, 2023 Direct F1, F2
transaction MDT Ordinary Shares Tax liability -$112K -1.32K -4.19% $84.49 30.3K Aug 3, 2023 Direct F3
transaction MDT Ordinary Shares Sale -$114K -1.35K -4.46% $84.11 28.9K Aug 4, 2023 Direct F4

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 Unit Options Exercise $0 -1.7K -100% $0.00* 0 Aug 3, 2023 Performance Share Units 1.7K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares issued upon the settlement of performance-vesting restricted stock units granted on October 9, 2020 and earned dividend equivalents.
F2 Includes 19 shares representing earned dividend equivalents upon the settlement of restricted stock units that vested on August 3, 2023 and were previously reported on Table 1.
F3 Represents shares withheld for taxes upon the settlement of performance-vesting restricted stock units and restricted stock units that vested on August 3, 2023.
F4 This transaction was made pursuant to Mr. Marinaro's existing Rule 10b5-1 plan.
F5 Each performance share unit represented a contingent right to receive one share of Medtronic common stock.
F6 The performance share units vested on August 3, 2023.