Company: ISRG
Filing Date: 2025-07-23
Form Type: 10-Q
Source: 0001035267-25-000192
Chunk: 27

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-07-23
Form: 10-Q
Item: Item 1
Chunk 27
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-sale securities, foreign currency translation gains (losses), and employee benefit plans for the three and six months ended June 30, 2025, and 2024, were not material to the Company’s Financial Statements.

NOTE 10.    SHARE-BASED COMPENSATION

In May 2025, the Company’s shareholders approved an amended and restated 2010 Incentive Award Plan to provide for an increase in the number of shares of common stock reserved for issuance thereunder from 115,350,000 to 120,350,000. As of June 30, 2025, approximately 22.1 million shares were reserved for future issuance under the Company’s stock plans, and a maximum of approximately 9.6 million of these shares can be awarded as restricted stock units (“RSUs”).Restricted Stock UnitsRSU activity under all stock plans for the six months ended June 30, 2025, was as follows (in millions, except per share amounts): SharesWeighted-AverageGrant-Date Fair ValueUnvested balance as of December 31, 20245.2 $314.39 RSUs granted1.6 $577.16 RSUs vested(1.7)$295.39 RSUs forfeited(0.2)$354.07 Unvested balance as of June 30, 20254.9 $405.57 Stock OptionsStock option activity under all stock plans for the six months ended June 30, 2025, was as follows (in millions, except per share amounts): Stock Options Outstanding NumberOutstandingWeighted-AverageExercise Price PerShareBalance as of December 31, 20247.1 $192.90 Options granted— $— Options exercised(0.9)$135.30 Options forfeited or expired— $241.29 Balance as of June 30, 20256.2 $200.19 As of June 30, 2025, options to purchase an aggregate of 5.5 million shares of common stock were exercisable at a weighted-average price of $192.54 per share.Performance Stock UnitsIn 2022, the Company began granting performance stock units (“PSUs”) to officers and other key employees subject to three-year cliff vesting and pre-established, quantitative goals. Whether any PSUs vest, and the amount that do vest, is tied to 

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