Intuitive Surgical appoints Aaron Martin to its board, effective January 1, 2027

Intuitive Surgical said its board approved on October 29, 2026 an increase in its size from ten to eleven members and appointed Aaron Martin to fill the resulting vacancy, effective January 1, 2027. Martin is president of insurance at Humana. Intuitive Surgical said he will not be appointed to any committees as of the effective date.

The board has determined that Martin is independent under the rules of the Nasdaq Stock Market and the U.S. Securities and Exchange Commission. Intuitive Surgical said it will enter into its standard form of indemnity agreement with Martin in connection with his appointment.

Intuitive Surgical said Martin will receive an annual cash retainer of $70,000 for board service, prorated for the part of the fiscal year remaining after his appointment takes effect. Intuitive Surgical said he will also receive an initial grant of restricted stock units under its Amended and Restated 2010 Incentive Award Plan, with a value of $93,333, prorated based on the months between his appointment and the expected date of the next annual grant.

Intuitive Surgical said the units will vest fully on the earlier of the first anniversary of the grant date or the next annual stockholder meeting after the grant, subject to Martin's continued service through that date.

Martin previously spent almost four years at Amazon as vice president of healthcare and served as executive vice president and chief digital officer at Providence St. Joseph Health, a $26 billion not-for-profit health system. CEO Dave Rosa said Martin brings experience in digital innovation, health system leadership and large-scale insurance operations.