BuybackMay 4, 2026, 04:13 PM
Intuitive Surgical Increases Buyback Program to $5.0B
AI Summary
Intuitive Surgical's Board increased the authorized amount for its common stock repurchase program to an aggregate of $5.0 billion. Additionally, stockholders approved the amendment and restatement of the 2010 Incentive Award Plan, which increases the shares reserved for issuance by 5,000,000 to 125,350,000 and extends its term to 2036. At the annual meeting, stockholders also elected ten directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as the independent auditor.
Key Highlights
- Board increased common stock repurchase program authorization to $5.0 billion.
- Stockholders approved the Amended and Restated 2010 Incentive Award Plan.
- Shares reserved for issuance under the plan increased by 5,000,000 to 125,350,000.
- The incentive plan's term was extended to January 29, 2036.
- Ten members were elected to the Board of Directors.
- Named Executive Officer compensation was approved on an advisory basis.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for 2026.