BSX.NYSEBoston Scientific CORP

Form 4: Boston Scientific CEO Michael Mahoney Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Michael Mahoney, Chairman, President & CEO of Boston Scientific, reported changes in his beneficial ownership of company stock due to gifts to and from trusts.

Summary

  • On August 30, 2024, Michael F. Mahoney, Chairman, President & CEO of Boston Scientific, reported changes in his beneficial ownership of Boston Scientific common stock.
  • These changes involve gifts of securities to and from The Michael F. Mahoney 2 Year Qualified Annuity Trusts administered by an independent trustee.
  • Specifically, there were gifts of 114,237 shares from the 2023 trust, 95,041 shares from the 2022 trust, and a gift of 176,245 shares to the 2024 trust.
  • Mahoney directly owns 1,673,878 shares of common stock.
  • Mahoney indirectly owns 290,482 shares via trust.
  • Mahoney indirectly owns 385,523 shares via trust.
  • Mahoney indirectly owns 209,278 shares via trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, so the sentiment is neutral.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company executive and doesn't necessarily reflect a change in the company's financial health or strategic direction.

Stakeholder Impact

  • The transactions have minimal impact on stakeholders as they are related to personal financial planning of the CEO.

Key Dates

DateDescription
08/30/2024Date of the transactions involving gifts of Boston Scientific common stock.
09/03/2024Date of signature of the report by Susan Thompson, Attorney-in-Fact.

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