Summary
This 8-K/A filing from Intuitive Surgical, Inc. (ISRG) provides an amendment to a previous report concerning the appointment of Mr. Keith R. Leonard, Jr. to the Board of Directors and the Compensation Committee, effective January 28, 2016. This amendment clarifies the stock-based compensation awarded to Mr. Leonard in addition to what was previously disclosed. Investors should note that this is primarily an administrative update related to director compensation, rather than a disclosure of significant operational or financial changes. The core information regarding Mr. Leonard's appointment was already reported on February 1, 2016.
Key Highlights
- 1Amendment to a previous 8-K filing.
- 2Mr. Keith R. Leonard, Jr. appointed to the Board of Directors and Compensation Committee on January 28, 2016.
- 3Mr. Leonard was granted an option to purchase 100 shares of common stock.
- 4Mr. Leonard was also granted 100 restricted stock units.
- 5These awards vest fully on the first anniversary of the grant date, contingent on continued service.
- 6Compensation details are in accordance with the Company's Non-Employee Directors’ Stock Option Plan and 2010 Incentive Award Plan.
Frequently Asked Questions
This filing is an amendment to a prior 8-K report, primarily to provide additional details on the stock-based compensation granted to newly appointed director, Mr. Keith R. Leonard, Jr.
Mr. Leonard was appointed to the Board of Directors and the Compensation Committee on January 28, 2016. He was granted an option for 100 shares of common stock and 100 restricted stock units, both vesting one year from the grant date, subject to continued service.
No, this filing is administrative in nature and focuses on director appointment and compensation. It does not disclose any new strategic initiatives, financial results, or operational changes.