Boston Scientific EVP reports 401(k) share rebalancing
Boston Scientific executive Arthur C. Butcher reported a discretionary rebalancing transaction in the company’s 401(k) plan involving 6,851 shares of common stock at $75.76 per share.
Rhea-AI Filing Summary
Boston Scientific executive Arthur C. Butcher reported a discretionary rebalancing transaction in the company’s 401(k) plan involving 6,851 shares of common stock at $75.76 per share. This was an indirect transaction under the company’s 401(k) Retirement Savings Plan, treated as a discretionary transaction under Rule 16b-3(f).
Following this plan-related activity, his indirect 401(k) holdings were 20,205 shares of Boston Scientific common stock, and his directly held position was 55,792 shares. The filing reflects a retirement-plan allocation decision rather than a traditional open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Common Stock | 6,851 | $75.76 | $519K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- 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.
FAQ
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What did Boston Scientific (BSX) EVP Arthur Butcher report in this Form 4?
Was the Boston Scientific (BSX) Form 4 for Arthur Butcher a stock purchase or sale?
What is the nature of Arthur Butcher’s indirect Boston Scientific (BSX) ownership?
What does a discretionary transaction under Rule 16b-3(f) mean for Boston Scientific (BSX)?
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