Form 4: Boston Scientific Executive Vance R. Brown Reports Stock Transactions
SEC Form 4 Filing
Vance R. Brown, a Boston Scientific executive, reports the vesting and subsequent disposition of performance share units, along with associated tax withholding.
Summary
- On January 1, 2025, Vance R. Brown, SVP, GC and Corp. Secretary of Boston Scientific, reported transactions involving Boston Scientific common stock.
- These transactions included the vesting of 6,456 performance share units and the subsequent disposition of 1,991 shares to cover tax obligations.
- Following these transactions, Brown directly owns 38,875 shares of Boston Scientific common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Reporting person was awarded a target number of performance share units under the Company's 2022 Free Cash Flow Performance Share Program |
| 12/31/2022 | End of the one-year performance period for the performance share units. |
| 02/14/2023 | The number of the target performance share units as to which the performance criteria had been satisfied was determined. |
| 12/31/2024 | Completion of the three-year individual service period, vesting the performance share units. |
| 01/01/2025 | Date of transaction: vesting of performance share units and disposition of shares for tax obligations. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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