Company: ISRG
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001035267-25-000098
Chunk: 58

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 58
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 equity awards that the eligible employee then holds.

52

Under the PSU award agreements, in the event of a change in control where the PSUs are assumed or otherwise continued by an acquirer, the PSUs will be deemed achieved at the greater of target or actual achievement (measured as of date of the change in control), and such deemed PSUs will remain outstanding and eligible to vest on the third anniversary of the grant date. In the event the participant’s employment is terminated without cause or as a result of an involuntary termination within the twelve-month period following such change in control, each such outstanding PSU shall vest in full as of the date of such termination. In the event of a change in control where the PSUs are not assumed or otherwise continued by an acquirer, the PSUs will be deemed achieved at the greater of target or actual achievement (measured as of the date of the change in control), and such deemed PSUs will accelerate and vest as of such date of the change in control.

The amounts shown for NEOs below assume that a change in control occurred on December 31, 2024, and that the PSUs were not assumed or otherwise continued by an acquirer and are estimates of the amounts that would be paid to the NEOs upon such a change in control.

| Name                   |     | Total Value of PSU  
 Acceleration ($)(1) |            |
| Gary S. Guthart, Ph.D. |     |                     | 32,711,755 |
| Jamie E. Samath        |     |                     | 12,363,667 |
| David J. Rosa          |     |                     | 25,705,486 |
| Henry L. Charlton      |     |                     | 11,886,073 |
| Brian E. Miller, Ph.D. |     |                     | 13,877,351 |

(1) For purposes of the 2022 and 2023 PSUs, as of December 31, 2024, performance achievement (measured as if a change in control occurred December 31, 2024) would result in a deemed achievement of the PSUs at 125%, reflecting actual achievement as of such date. For the purposes of the 2024 PSUs, as of December 31, 2024, performance achievement (measured as if a change in control occurred December 31, 2024) would result in a deemed achievement of the PSUs at 120%, reflecting actual achievement as of such date