Company: BSX
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000885725-25-000017
Chunk: 65

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 65
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 management (CPM) process to help guide individual development and performance discussions and to assess ongoing performance. Our CEO undertakes regular CPM reviews for all direct reports, assesses the performance results of those direct reports and makes recommendations to our Compensation Committee for its consideration. Our Compensation Committee reviews and evaluates our CEO’s performance objectives and oversees the full Board’s evaluation of his performance in relation to those objectives. For 2024, the overall performance of our executives, including our NEOs, supported a culture of high performance, integrity and accountability with clear expectations. These performance evaluations, among the other considerations described in this section, influence the Compensation Committee’s decisions regarding our executives’ base salaries, the individual component of their ABP awards and, as an indication of future performance potential, their long-term equity incentive awards.

#### 2025 Proxy Statement55

### Compensation Discussion & Analysis
Chief Executive Officer and Compensation Committee Judgment

We do not employ a purely formulaic approach to our executive compensation program. Target market guidelines and individual target TDC, financial and operational targets and individual performance objectives and funding formulae are established in advance; however, other Company and individual performance and other considerations may also be taken into account. Therefore, the application of CEO and Compensation Committee judgment is an important factor in setting and determining executive pay. For example, under the 2024 ABP, while the funding formula for the Applicable Distribution Percentage that is tied to Company-level financial metrics and an ESG modifier are set in advance, our Compensation Committee is able to reduce the Applicable Distribution Percentage based on its assessment of the Company’s progress toward achievement of our quality goals, which is critical to our commitment to providing high quality products to our customers and patients.

#### Elements of 2024 Executive Compensation

#### Primary Elements of Total Direct Compensation
We compensate our executives primarily through TDC, namely in the form of base salary and short- and long-term incentives (the primary elements of TDC). The primary elements of TDC are heavily weighted towards variable, at-risk performance-based elements, which are reflected below and in the charts in the A Significant Portion of our NEOs’ 2024 Target TDC is At-Risk, Performance-Based Compensation section above.

The key features and objectives of the primary elements of our NEOs’ 2024 TDC are summarized in the table below.

| TDC Elements                                    |     | Key Features                                                                                                                                                 |     | Objectives                                                                                                                                        |
| Base Salary                                     |     | Fixed annual cash amount, paid at regular intervals