Form 4: Becton Dickinson Executive Michael Garrison Reports Stock Transactions

Executive Vice President Michael Garrison of Becton Dickinson & Co. reports acquiring and disposing of company stock and stock appreciation rights.

Summary

• Michael David Garrison, an Executive Vice President at Becton Dickinson & Co., reported several transactions involving the company's stock on November 26, 2024.
• Garrison acquired 2,553 shares of common stock as restricted stock units and 2,275 shares upon vesting of a performance-based equity award.
• He also disposed of 1,230 shares to cover withholding taxes related to the vesting of performance units and restricted stock units.
• Additionally, Garrison acquired 10,004 stock appreciation rights, which vest in four annual installments starting November 26, 2025.
• Following these transactions, Garrison directly owns 8,979 shares of common stock and 10,004 stock appreciation rights.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and routine stock transactions. There are no indications of unusual or concerning activity. The sentiment is neutral to slightly positive due to the vesting of performance-based awards.

Positives

• The acquisition of restricted stock units and performance-based equity awards indicates continued alignment of executive interests with company performance.
• The vesting of performance-based equity awards suggests that performance targets were met.

Negatives

• The disposal of 1,230 shares to cover withholding taxes reduces Garrison's direct shareholding.

Risks

• The vesting schedule of the stock appreciation rights could influence the timing of future transactions by the executive.
• Changes in the company's stock price could impact the value of the stock appreciation rights.

Future Outlook

The document does not provide any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and compensation structure.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly for executive-level employees.
• The vesting schedules and types of equity awards (restricted stock units, performance-based awards, stock appreciation rights) are typical for executive compensation packages.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The vesting of performance-based awards may be viewed positively by shareholders as it indicates the achievement of performance targets.

Key Dates

Keywords

stock appreciation rights, restricted stock units, equity compensation, insider trading, executive compensation, Becton Dickinson, stock transactions