Boston Scientific (BSX) EVP boosts company stock stake through 401(k) rebalance
Rhea-AI Filing Summary
Boston Scientific Corp executive Joseph Michael Fitzgerald, EVP & Group President, Cardiology, reported a discretionary acquisition of 64,198 shares of common stock on 2026-07-31 through a rebalance of his holdings under the company’s 401(k) Retirement Savings Plan at $46.73 per share. These shares are held indirectly via the 401(k), which now reflects that balance. Separate entries show 213,907 shares held directly and 5,234 shares held by his child, with a footnote stating he disclaims beneficial ownership of the child’s shares.
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Insights
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Insider Trade Summary
Net Buyer: 64,198 shares
Net Buy
3 txns
Insider
Fitzgerald Joseph Michael
Role
EVP & Group Pres, Cardiology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Common Stock F1, F2 | 64,198 | $46.73 | $3.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,198 shares (Indirect, By 401(k));
Common Stock — 213,907 shares (Direct);
Common Stock — 5,234 shares (Indirect, By Child)
Footnotes (3)
- F1. Acquistion made pursuant to an election by the reporting person to rebalance their holdings under the Company's 401(k) Retirement Savings Plan, which resulted in a discretionary transaction in shares of the Company's common stock.
- F2. Balance reflects the most current data available with regard to share holdings in the Company's 401(k) Retirement Savings Plan.
- F3. The reporting person disclaims beneficial ownership of the shares held by his child, and this report should not be deemed an admission that the reporting person is the beneficial owner of his child's shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares acquired via 401(k) rebalance: 64,198 shares
Acquisition price per share: $46.73 per share
Indirect 401(k) holdings after transaction: 64,198 shares
+2 more
5 metrics
Shares acquired via 401(k) rebalance
64,198 shares
Discretionary transaction under Rule 16b-3(f) on 2026-07-31
Acquisition price per share
$46.73 per share
Price for common stock in 401(k) discretionary transaction
Indirect 401(k) holdings after transaction
64,198 shares
Balance in Boston Scientific 401(k) Retirement Savings Plan
Direct holdings after transaction
213,907 shares
Common stock held directly by Joseph Fitzgerald
Child’s reported holdings
5,234 shares
Indirect holdings "By Child" with beneficial ownership disclaimed
Key Terms
Rule 16b-3(f), 401(k) Retirement Savings Plan, discretionary transaction, beneficial ownership
4 terms
Rule 16b-3(f) regulatory
"Discretionary transaction under Rule 16b-3(f)"
401(k) Retirement Savings Plan financial
"under the Company's 401(k) Retirement Savings Plan"
discretionary transaction financial
"which resulted in a discretionary transaction in shares"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Boston Scientific (BSX) executive Joseph Fitzgerald report?
Joseph Fitzgerald reported a discretionary acquisition of 64,198 Boston Scientific common shares on 2026-07-31 through a rebalance of his holdings in the company’s 401(k) Retirement Savings Plan, recorded at a price of $46.73 per share.
What rule governs the reported discretionary Boston Scientific (BSX) transaction in Fitzgerald’s 401(k)?
The transaction is characterized as a discretionary transaction under Rule 16b-3(f). This designation reflects that the acquisition of Boston Scientific shares arose from a discretionary rebalance election within the company’s 401(k) Retirement Savings Plan.