Company: BSX
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000885725-25-000011
Chunk: 182

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 182
---
%-4.75%1.42%-3.87%Expected VolatilityWe use our historical volatility and implied volatility as a basis to estimate expected volatility in our valuation of stock options.Expected TermWe estimate the expected term of options using historical exercise and forfeiture data. We believe that this historical data provides the best estimate of the expected term of new option grants.Risk-Free Interest RateWe use yield rates on U.S. Treasury securities for a period approximating the expected term of the award to estimate the risk-free interest rate in our grant-date fair value assessment.Expected Dividend YieldWe have not historically paid cash dividends on our common stock and currently we do not intend to pay cash dividends on our common stock. Therefore, we have assumed an expected dividend yield of zero in our grant-date fair value assessment.

109

Information related to stock options under stock incentive plans are as follows:Stock Options(in thousands)WeightedAverageExercise PriceWeighted AverageRemainingContractual Life (in years)AggregateIntrinsicValue(in millions)Outstanding as of December 31, 202121,448 $29 Granted3,287 44 Exercised(2,745)17 Cancelled/forfeited(502)34 Outstanding as of December 31, 202221,489 $32 Granted2,934 47 Exercised(3,325)25 Cancelled/forfeited(249)44 Outstanding as of December 31, 202320,850 $36 Granted2,443 65 Exercised(3,866)28 Cancelled/forfeited(243)50 Outstanding as of December 31, 202419,183 $41 5.7$931 Exercisable as of December 31, 202412,660 35 4.5688 Expected to vest as of December 31, 20246,313 52 8.1236 Total vested and expected to vest as of December 31, 202418,972 $41 5.7$924 The total intrinsic value of stock options exercised was $184 million in 2024, $89 million in 2023 and $72 million in 2022.Non-Vested StockWe value RSAs and RSUs based on the closing trading value of our shares on the date of grant. Information related to non-vested stock awards is as follows:Non-VestedStock Award Units(in thousands)Weight