Form 4: Becton Dickinson Director Byington Acquires Additional Rights to Common Stock Under Deferred Compensation Plan

Director Carrie L Byington acquired 121 rights to common stock under Becton Dickinson's deferred compensation plan on February 6, 2025.

Summary

• Carrie L Byington, a director of Becton Dickinson & Co (BDX), reported a transaction on February 6, 2025.
• Byington acquired 121 rights to common stock under the company's deferred compensation plan.
• These rights convert to common stock on a one-for-one basis and are distributed following termination of service as a director or on specified dates.
• The price of the rights was $247.6.
• Following the transaction, Byington beneficially owns 1,552 derivative securities.
• This includes rights acquired through dividend reinvestment since the last report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating alignment of director interests with the company's performance. There are no negative implications.

Positives

• The acquisition of rights to common stock indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The rights to common stock will be converted to common stock upon termination of the director's service or on specified dates.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in large, publicly traded companies like Becton Dickinson.
• The specifics of the plan, such as the vesting schedule and conversion terms, are typical for director compensation arrangements.
• Similar companies such as Johnson & Johnson and Medtronic also utilize deferred compensation and stock option plans to incentivize and retain their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.

Key Dates

Keywords

Becton Dickinson, Director, Byington, Deferred Compensation, Rights, Common Stock, BDX, SEC Form 4