Boston Scientific director granted deferred stock units
Boston Scientific director Cathy R. Smith received two grants of deferred stock units as part of her non-employee director compensation.
Rhea-AI Filing Summary
Boston Scientific director Cathy R. Smith received two grants of deferred stock units as part of her non-employee director compensation. She acquired 556 deferred stock units valued at approximately $42,419.50 as an equity award and 323 deferred stock units valued at approximately $24,662.50 in lieu of yearly cash compensation. Each deferred stock unit represents a commitment to issue one share of common stock. Both grants are prorated from her appointment date to the 2026 annual meeting and vest in full at the next annual meeting, with shares delivered after she leaves Board service under the company’s deferred compensation plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 556 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 323 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each deferred stock unit represents the Company's commitment to issue one share of Boston Scientific common stock.
- F2. Grant of deferred stock units 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 deferred stock units 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 the common stock on the date of grant. Vested shares will be issued to the reporting person following the reporting person's separation from Board of Director service, in accordance with the Company's Non-Employee Director Deferred Compensation Plan.
- F3. Grant of deferred stock units 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. The grant of deferred stock units vests in full upon the next 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. Vested shares will be issued to the reporting person following the reporting person's separation from Board of Director service, in accordance with the Company's Non-Employee Director Deferred Compensation Plan.
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