Boston Scientific (BSX) director granted 879 deferred stock units as board pay
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Cathy R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 556 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 323 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 556 shares (Direct)
Footnotes (1)
- Each deferred stock unit represents the Company's commitment to issue one share of Boston Scientific common stock. 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. 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.
FAQ
What insider transaction did Cathy R. Smith report for Boston Scientific (BSX)?
Cathy R. Smith reported two grants of deferred stock units as a Boston Scientific non-employee director. She received 556 units as an equity award and 323 units in lieu of cash fees, reflecting her prorated Board compensation.
How many deferred stock units did Cathy R. Smith receive from Boston Scientific (BSX)?
Cathy R. Smith received 879 deferred stock units in total, consisting of 556 units as an equity award and 323 units replacing cash compensation. Each unit represents a future share of Boston Scientific common stock under the director compensation program.
What is the dollar value of Cathy R. Smith’s deferred stock unit grants at Boston Scientific (BSX)?
The grants reflect values of about $42,419.50 and $24,662.50, based on the closing stock price on the grant date. These correspond to prorated portions of the company’s annual equity award and cash retainer for non-employee directors.
When do Cathy R. Smith’s Boston Scientific (BSX) deferred stock units vest?
Both deferred stock unit grants vest in full at the next annual meeting of stockholders. The awards are prorated from her appointment date through the 2026 annual meeting under the company’s non-employee director compensation program.
What does each deferred stock unit represent in Cathy R. Smith’s Boston Scientific (BSX) Form 4?
Each deferred stock unit represents a commitment to issue one share of Boston Scientific common stock. The units function as deferred equity, aligning director compensation with shareholder interests while postponing share delivery until after Board service ends.