Form 4: Boston Scientific Executive Sells Shares Under Pre-Arranged Trading Plan
SEC Form 4 Filing
Jeffrey B. Mirviss, EVP & President of Peripheral Interventions at Boston Scientific, sold shares of common stock under a pre-established Rule 10b5-1 trading plan.
Summary
- Jeffrey B. Mirviss, an Executive Vice President at Boston Scientific, sold shares of the company's common stock.
- The sales occurred on February 24, 2025, and February 25, 2025.
- On February 24, 2025, 4,675 shares were sold at a price of $104.25 per share.
- On February 25, 2025, 2,688 shares were sold at a price of $104.25 per share.
- These transactions were executed under a pre-established Rule 10b5-1 trading plan adopted on November 21, 2024.
- Following these transactions, Mirviss directly owns 25,766 shares of Boston Scientific common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports the sale of shares by an executive under a pre-arranged trading plan. This is a routine transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Positives
- The sales were conducted under a pre-established Rule 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.
Future Outlook
NA
Industry Context
Insider sales are a common occurrence in publicly traded companies. The use of a 10b5-1 plan suggests the sales were planned in advance and not based on any material non-public information.
Key Dates
| Date | Description |
|---|---|
| November 21, 2024 | Date of adoption of the Rule 10b5-1 trading plan |
| February 24, 2025 | Date of first stock sale (4,675 shares) |
| February 25, 2025 | Date of second stock sale (2,688 shares) |
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