Company: ISRG
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001035267-25-000098
Chunk: 35

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 35
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 between the 50th and 75th percentiles of our peers, based on the compensation peer group established by the Compensation Committee in consultation with Aon.

The Compensation Committee engaged Aon to assist with reviewing our compensation peer group and assessing the competitiveness of our executive compensation program for 2024. In evaluating and determining whether to make changes to the compensation peer group, the Compensation Committee considered the following selection criteria, as of June 30, 2023:

• Location of the Company (U.S.-based);

• Ownership structure of the company (publicly-traded);

• Company’s industry (medical device, medical supplies, life sciences tools, and services and technology);

• Revenues (approximately 0.5x to 3x the Company’s last four quarters’ revenue); and

• Market capitalization (approximately 0.3x to 4x the Company’s market capitalization).

After considering the analysis performed by Aon, in July 2023, the Compensation Committee selected the following direct compensation peer group for use in 2024 (which was unchanged from 2023):

| Adobe Inc.                            |     | DexCom, Inc.                      |     | ServiceNow, Inc.             |
| Agilent Technologies, Inc.            |     | Edwards Lifesciences Corporation  |     | Stryker Corporation          |
| Align Technology, Inc.                |     | IDEXX Laboratories, Inc.          |     | VMWare, Inc.                 |
| Arista Networks Inc.                  |     | Illumina, Inc.                    |     | Workday, Inc.                |
| Becton, Dickinson and Company         |     | Intuit Inc.                       |     | Zimmer Biomet Holdings, Inc. |
| Block, Inc. (formerly ‘Square, Inc.’) |     | Mettler-Toledo International Inc. |     |                              |
| Boston Scientific Corporation         |     | ResMed Inc.                       |     |                              |

38

#### Executive Compensation Elements
The following table lists the elements of the 2024 target direct compensation for our executive compensation program. A mix of fixed and variable compensation elements is used to drive Company performance by applying specific measures that correlate to the creation of stockholder value and aligning our financial and strategic Company goals.

|                                     |     | Fixed                                        |     | Variable Short-Term                                                   |     | Variable Long-Term(1)                                                                   |     |                                       |     | Other                                    |
|                                     |     | Base Salary                                  |     |