Company: BSX
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000885725-25-000017
Chunk: 67

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 67
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 | 1,400,000 |     |                  |     | $ | 1,400,000 |     |            |    — | % |
| Daniel J. Brennan    |     |                  |     | $ |   805,000 |     |                  |     | $ |   850,000 |     |            | 5.59 | % |
| Arthur C. Butcher    |     |                  |     | $ |   675,000 |     |                  |     | $ |   715,000 |     |            | 5.93 | % |
| Joseph M. Fitzgerald |     |                  |     | $ |   800,000 |     |                  |     | $ |   850,000 |     |            | 6.25 | % |
| Jeffrey B. Mirviss   |     |                  |     | $ |   655,000 |     |                  |     | $ |   685,000 |     |            | 4.58 | % |

#### Short-TermIncentives
Our Compensation Committee annually reviews the design of our ABP to help ensure that the program continues to support our executive compensation philosophy and core compensation program objectives. In finalizing the design for 2024, our Compensation Committee retained many of the provisions of our 2023 ABP, which was designed to reinforce the concept of “pay for performance,” align our short-term incentives with important financial and operational measures and the long-term interests of our stockholders, and incentivize and reward individual performance.

In the 2024 ABP, we included Adjusted OIM as a financial metric to help drive the Company’s continued focus on adjusted operating margin expansion, and changed the ESG scorecard to a modifier that can increase or decrease the company-wide Applicable Distribution Percentage, based on the Company’s performance towards ESG goals. The 2024 ABP further maintained a quality modifier, whereby the Compensation Committee retained discretion to reduce the Applicable Distribution Percentage based on its assessment of the Company’s performance towards quality goals.

In February 2025, the Board, upon approval and recommendation by the Compensation Committee, approved an amendment to our 2024 ABP to clarify the aggregate bonus pool funding methodology. As amended, the 2024 ABP refers to an Applicable Distribution Percentage that reflects a single company-wide funding approach and represents the portion of each annual bonus award that is funded based on the Company’s performance against defined financial metrics.