secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTUITIVE SURGICAL INC (ISRG)
CIK:        0001035267
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001035267-23-000142
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Surgical promotes David J. Rosa to President; Guthart remains CEO
---------------------------------------------------------------------------

- Rosa promoted to President effective May 16, 2023; will lead product, digital, quality, regulatory, supply chain, manufacturing, and commercial teams.
- Annual base salary increased from $652,468 to $700,000; bonus target raised from 100% to 120% of base.
- Grants of $1.5M stock option, $1.5M RSUs, and $2M PSUs awarded under 2010 Incentive Award Plan.
- Gary Guthart remains CEO; Bob DeSantis named EVP and Chief Strategy and Corporate Operations Officer.
- Rosa has been with Intuitive for 27 years and previously served as EVP and Chief Strategy and Growth Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035267/000103526723000142/0001035267-23-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035267/000103526723000142/isrg-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001035267-23-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer