Boston Scientific (BSX) director granted 879 restricted shares in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boston Scientific director Christophe Pierre Weber reported receiving two restricted stock grants as a non-employee director. He acquired 556 shares of common stock as an initial equity award with an approximate value of $42,419.50, prorated under the company’s non-employee director compensation program.
Weber also received 323 restricted shares in lieu of 100% of his prorated yearly cash retainer, with an approximate value of $24,662.50. Both grants were based on the closing stock price on the grant date and are scheduled to vest in full at the company’s 2026 annual meeting of stockholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weber Christophe Pierre
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 556 | $0.00 | -- |
| Grant/Award | Common Stock | 323 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 556 shares (Direct)
Footnotes (1)
- Grant of restricted stock to non-employee director following initial appointment to the Board of Directors, which, pursuant to the Company's non-employee director compensation program, has been prorated for the time period from the effective date of the appointment to the date of the Company's 2026 annual meeting of stockholders. The grant of restricted stock vests in full upon the next annual meeting of stockholders. Reflects a value of approximately $42,419.50 (representing 100% of the prorated amount of the non-employee director compensation program's annual equity award having a value of $215,000) divided by the closing price of common stock on the date of grant. Grant of restricted stock in lieu of 100% yearly cash compensation, following initial appointment to the Board of Directors, which, pursuant to the Company's non-employee director compensation program, has been prorated for the time period from the effective date of the appointment to the date of the Company's 2026 annual meeting of stockholders. Reflects a value of approximately $24,662.50 (representing 100% of the prorated amount of the non-employee director compensation program's cash retainer having a value of $125,000) divided by the closing price of the common stock on the date of grant.
FAQ
What insider transaction did BSX director Christophe Pierre Weber report?
Christophe Pierre Weber reported receiving two grants of restricted stock in Boston Scientific common shares as a non-employee director. The awards were granted upon his initial Board appointment and are structured under the company’s standard non-employee director compensation program, with vesting tied to the 2026 annual meeting.
What is the dollar value of the restricted stock awards to BSX director Weber?
The restricted stock awards to Christophe Pierre Weber reflect values of about $42,419.50 for the equity award and $24,662.50 for stock in lieu of cash. These amounts represent prorated portions of the annual equity award and cash retainer under Boston Scientific’s director compensation program.
Why did BSX issue restricted stock instead of cash to director Christophe Pierre Weber?
Boston Scientific issued one grant of restricted stock to Christophe Pierre Weber in lieu of 100% of his prorated yearly cash compensation. This aligns with the company’s non-employee director compensation program, which allows cash retainers to be fully replaced by equity based on the stock’s closing price at grant.
How were the Boston Scientific restricted stock amounts for Weber calculated?
The company calculated Christophe Pierre Weber’s restricted stock amounts by dividing prorated compensation values by the closing common stock price on the grant date. Approximately $42,419.50 and $24,662.50 were each divided by that closing price to determine the 556-share and 323-share grants, respectively.