Boston Scientific (BSX) EVP converts RSUs, delivers shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boston Scientific EVP Padraig Andrew O'Connor reported multiple equity award transactions. On February 13, 14, and 16, 2026, restricted stock units covering 500, 1,190, and 905 units were exercised or converted into an equal number of Boston Scientific common shares at a stated price of $0.00 per share.
Related Form 4 entries show dispositions of 199, 449, and 339 common shares at $74.73 per share, characterized as payments of tax liability by delivering shares rather than open-market sales. Footnotes explain that each restricted stock unit represents a commitment to issue one share, generally in four equal annual installments beginning on specified February anniversaries of the grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,595 shares exercised/converted
Mixed
9 txns
Insider
O'Connor Padraig Andrew
Role
EVP, Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 905 | $0.00 | -- |
| Exercise | Common Stock | 905 | $0.00 | -- |
| Tax Withholding | Common Stock | 339 | $74.73 | $25K |
| Exercise | Restricted Stock Units | 1,190 | $0.00 | -- |
| Exercise | Common Stock | 1,190 | $0.00 | -- |
| Tax Withholding | Common Stock | 449 | $74.73 | $34K |
| Exercise | Restricted Stock Units | 500 | $0.00 | -- |
| Exercise | Common Stock | 500 | $0.00 | -- |
| Tax Withholding | Common Stock | 199 | $74.73 | $15K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 6,433 shares (Direct)
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 February 13, 2026, the first anniversary of the date of grant. Shares of common stock will be issued to the reporting person in four equal annual installments beginning on February 14, 2024, the first anniversary of the date of grant. Shares of common stock will be issued to the reporting person in four equal annual installments beginning on February 16, 2023, the first anniversary of the date of grant.
FAQ
What insider transactions did Boston Scientific (BSX) report for Padraig Andrew O'Connor?
Padraig Andrew O'Connor reported exercises of restricted stock units that converted into Boston Scientific common shares, plus share dispositions to cover tax obligations. The transactions occurred on February 13, 14, and 16, 2026, reflecting routine equity award activity rather than open-market buying or selling.
What role does Padraig Andrew O'Connor hold at Boston Scientific (BSX)?
Padraig Andrew O'Connor is identified as an officer of Boston Scientific, serving as Executive Vice President, Global Operations. His Form 4 transactions reflect equity compensation activity associated with this role, including restricted stock unit conversions and related tax-withholding share dispositions.
How do the Boston Scientific (BSX) restricted stock units vest for Padraig O'Connor?
Footnotes explain each restricted stock unit represents a commitment to issue one share of common stock. Shares are scheduled to be issued in four equal annual installments, beginning on specified February anniversaries of the grant dates such as February 13, 2026, February 14, 2024, and February 16, 2023.
Did the Boston Scientific (BSX) Form 4 show open-market stock purchases or sales?
The Form 4 does not report open-market buys or sells. It shows derivative exercises or conversions of restricted stock units into common shares and dispositions coded as tax-withholding transactions, where shares are delivered to cover tax obligations on vested equity awards.