Boston Scientific (NYSE: BSX) CEO gifts 386,755 shares to irrevocable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boston Scientific Chairman, President & CEO Michael F. Mahoney reported a large charitable-style transfer of stock. He made a bona fide gift of 386,755 shares of Boston Scientific common stock on May 28, 2026 to The Michael F. Mahoney Term Irrevocable Trust - 2026, which is administered by an independent trustee.
After this transaction, Mahoney continues to hold 1,403,784 shares of Boston Scientific common stock directly. The gift is a non-market disposition with no sale proceeds reported, meaning it does not reflect open-market buying or selling activity in the stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
386,755 shares gifted
Mixed
2 txns
Insider
Mahoney Michael F
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 386,755 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Trust);
Common Stock — 1,403,784 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares gifted: 386,755 shares
Direct holdings after transaction: 1,403,784 shares
Gift price per share: $0.00 per share
+1 more
4 metrics
Shares gifted
386,755 shares
Bona fide gift of common stock on May 28, 2026
Direct holdings after transaction
1,403,784 shares
Common stock directly owned after reported transactions
Gift price per share
$0.00 per share
Reported transaction price for gifted shares
Indirect trust position after gift
0 shares
Trust holdings of common stock following the gift
Key Terms
bona fide gift, Form 4, indirect ownership, Term Irrevocable Trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for 386,755 shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By Trust""
Term Irrevocable Trust financial
"The Michael F. Mahoney Term Irrevocable Trust - 2026"
Common Stock financial
"security_title: "Common Stock" for both transactions"
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) CEO Michael Mahoney report in this Form 4?
Michael F. Mahoney reported a bona fide gift of 386,755 Boston Scientific common shares to an irrevocable trust. The filing also shows he continues to hold 1,403,784 shares directly after the transaction.
Was the Boston Scientific (BSX) CEO’s Form 4 transaction a market sale?
No. The Form 4 characterizes the transaction as a bona fide gift with a per-share price of $0.00. This means it was a non-market transfer, not an open-market sale or purchase on a stock exchange.