Boston Scientific (BSX) EVP manages tax on 1,802 RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boston Scientific EVP Padraig Andrew O'Connor reported routine equity compensation activity involving restricted stock units. On May 2, 2026, he exercised awards covering 1,802 restricted stock units, receiving the same number of shares of Boston Scientific common stock.
To satisfy tax obligations related to this vesting, 872 common shares were disposed of at $56.50 per share through a tax-withholding transaction, which is not an open-market sale. Following these transactions, O'Connor directly holds 7,896 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,802 shares exercised/converted
Mixed
3 txns
Insider
O'Connor Padraig Andrew
Role
EVP, Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,802 | $0.00 | -- |
| Exercise | Common Stock | 1,802 | $0.00 | -- |
| Tax Withholding | Common Stock | 872 | $56.50 | $49K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 7,896 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the Company's commitment to issue one share of Boston Scientific common stock. Shares of common stock will be issued to the reporting person in four equal annual installments beginning on May 2, 2023, the first anniversary of the date of grant.
Key Figures
RSUs exercised: 1,802 units/shares
Tax-withholding shares: 872 shares
Tax-withholding price: $56.50 per share
+1 more
4 metrics
RSUs exercised
1,802 units/shares
Restricted stock units converted to common stock on May 2, 2026
Tax-withholding shares
872 shares
Common shares disposed in tax-withholding transaction at $56.50
Tax-withholding price
$56.50 per share
Value applied to 872-share tax-withholding disposition
Shares held after transactions
7,896 shares
Direct common stock holdings following Form 4 transactions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the Company's commitment to issue one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"Shares of common stock will be issued to the reporting person in four equal annual installments"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Boston Scientific (BSX) EVP Padraig O'Connor report in this Form 4?
Padraig O'Connor reported routine equity compensation activity. He exercised 1,802 restricted stock units into common stock and had 872 shares withheld to cover taxes, ending with 7,896 Boston Scientific common shares held directly.