Boston Scientific (NYSE: BSX) EVP logs 6,851-share 401(k) rebalancing move
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Butcher Arthur C
Role
EVP& Grp Pres, MedSurg & APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| I | Common Stock | 6,851 | $75.76 | $519K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,205 shares (Indirect, By 401(k));
Common Stock — 55,792 shares (Direct)
Footnotes (1)
- 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. Balance reflects the most current data available with regard to share holdings in the Company's 401(k) Retirement Savings Plan.
FAQ
What did Boston Scientific (BSX) EVP Arthur Butcher report in this Form 4?
Arthur C. Butcher reported a discretionary rebalancing transaction in Boston Scientific common stock within the company’s 401(k) Retirement Savings Plan, involving 6,851 shares at $75.76 per share, classified under Rule 16b-3(f) as a plan-related allocation rather than a typical market trade.
Was the Boston Scientific (BSX) Form 4 for Arthur Butcher a stock purchase or sale?
The Form 4 describes a discretionary 401(k) plan rebalancing, not a standard open-market stock purchase or sale. It involved reallocating 6,851 shares of Boston Scientific common stock within the company’s retirement plan under Rule 16b-3(f), reflecting an internal plan transaction.
What is the nature of Arthur Butcher’s indirect Boston Scientific (BSX) ownership?
Arthur C. Butcher’s indirect ownership is through Boston Scientific’s 401(k) Retirement Savings Plan. The Form 4 notes 20,205 shares held via this plan after the discretionary rebalancing transaction, with the balance reflecting the most current data available on his retirement-plan share holdings.
What does a discretionary transaction under Rule 16b-3(f) mean for Boston Scientific (BSX)?
A discretionary transaction under Rule 16b-3(f) typically involves an insider’s election to change investment allocations in an issuer’s benefit or retirement plan. For Boston Scientific, Arthur Butcher’s 6,851-share 401(k) rebalancing is treated as such a plan-based allocation decision, not a conventional market trade.