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

Issuer:     INTUITIVE SURGICAL INC (ISRG)
CIK:        0001035267
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001035267-25-000161
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuitive Surgical promotes President Dave Rosa to CEO effective July 1, 2025
-----------------------------------------------------------------------------

- David J. Rosa promoted to CEO effective July 1, 2025; he previously served as President.
- Current CEO Gary Guthart becomes Executive Chair; Board Chair Craig Barratt becomes Lead Independent Director.
- Rosa's base salary increases from $825k to $925k; bonus target raised from 125% to 150% of salary.
- Rosa receives RSUs valued at $4M and PSUs valued at $4M, vesting over 4 years and performance-based.
- Guthart's base salary reduced to $700k; he will remain employee in senior advisory capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035267/000103526725000161/0001035267-25-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035267/000103526725000161/isrg-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001035267-25-000161

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