Boston Scientific EVP converts 1,171 RSUs to stock
Boston Scientific’s EVP, Global Operations received common shares from RSU conversion, with part of the award used to cover tax or exercise obligations.
Rhea-AI Filing Summary
BOSTON SCIENTIFIC CORP (BSX) reported that EVP, Global Operations Padraig Andrew O'Connor had 1,171 restricted stock units convert into 1,171 shares of common stock on September 2, 2026. Each unit represents a commitment to issue one Boston Scientific share. Of the shares issued, 567 shares were delivered or withheld to pay the exercise price or tax liability, with the remaining shares held directly. Following the transaction, 3,516 restricted stock units remain outstanding and are scheduled to be settled in four equal annual installments beginning on September 2, 2026. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,171 shares exercised/converted
Exercise
3 txns
Insider
O'Connor Padraig Andrew
Role
EVP, Global Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 1,171 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,171 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 567 | $48.37 | $27K |
Holdings After Transaction:
Restricted Stock Units — 3,516 contracts (Direct);
Common Stock — 7,892 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents the Company's commitment to issue one share of Boston Scientific common stock.
- F2. Includes shares acquired under the Boston Scientific Employee Stock Purchase Plan based upon the most current data available.
- F3. Shares of common stock will be issued to the reporting person in four equal annual installments beginning on September 2, 2026, the first anniversary of the date of grant.
Key Figures
Restricted stock units converted: 1,171 units
Common shares acquired from RSU conversion: 1,171 shares
Shares delivered or withheld: 567 shares
+3 more
6 metrics
Restricted stock units converted
1,171 units
RSUs converted into common stock on September 2, 2026
Common shares acquired from RSU conversion
1,171 shares
Common stock received by the executive on September 2, 2026
Shares delivered or withheld
567 shares
Used for payment of exercise price or tax liability
Share value for tax/exercise
$48.37 per share
Applied to the 567 shares delivered or withheld
RSUs remaining after transaction
3,516 units
Restricted stock units held directly following the RSU conversion
RSU expiration date
September 2, 2029
Expiration for the reported restricted stock units position
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax liability, Rule 10b5-1
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.
Employee Stock Purchase Plan financial
"Includes shares acquired under the Boston Scientific Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did BSX report for EVP Padraig Andrew O'Connor on September 2, 2026?
EVP, Global Operations Padraig Andrew O'Connor had 1,171 restricted stock units convert into 1,171 shares of Boston Scientific common stock on September 2, 2026, as reported in the Form 4.
How many restricted stock units does the BSX executive hold after the reported transaction?
After the reported RSU conversion, the executive is shown holding 3,516 restricted stock units, each representing a commitment to issue one share of Boston Scientific common stock in the future.
Was a Rule 10b5-1 trading plan used for the BSX insider transactions reported here?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the transactions were made under a Rule 10b5-1 trading plan.
What does each BSX restricted stock unit represent in this Form 4 filing?
Each restricted stock unit represents the company’s commitment to issue one share of Boston Scientific common stock to the reporting person, according to the footnote in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
