Company: BSX
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000885725-25-000017
Chunk: 103

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 103
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 per year. This valuation methodology is consistent with the methodology we use for financial statement accounting purposes, except that NEOs are assumed to remain employed by us until their earliest retirement age under the Executive Retirement Plan (or their age on December 31, if eligible for retirement on that date). For financial statement accounting purposes, the valuation considers the probability that the executives will achieve retirement age. For a more detailed description of the assumptions used in valuing accrued benefits under the Executive Retirement Plan, please see Note Q — Employee Retirement Plans to our 2024 consolidated financial statements included in Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2024.

The table below shows the present value of accumulated benefits payable to each of our NEOs, including the numbers of years of service credited to each NEO, under our Executive Retirement Plan as of December 31, 2024.

| Name                 |     | Plan Name                     |     | Number of YearsCredited Service 
 (#)(1)                          |       |     | Present Value  
 of Accumulated 
 Benefit        
 ($)(2)         |           |     | PaymentsDuring LastFiscal Year ($) |   |
| Michael F. Mahoney   |     | BSC Executive Retirement Plan |     |                                 | 13.20 |     |                | 3,850,000 |     |                                    | — |
| Daniel J. Brennan    |     | BSC Executive Retirement Plan |     |                                 | 28.06 |     |                | 2,550,073 |     |                                    | — |
| Arthur C. Butcher    |     | BSC Executive Retirement Plan |     |                                 | 28.00 |     |                | 2,089,506 |     |                                    | — |
| Joseph M. Fitzgerald |     | BSC Executive Retirement Plan |     |                                 | 34.21 |     |                | 2,550,013 |     |                                    | — |
| Jeffrey B. Mirviss   |     | BSC Executive Retirement Plan |     |                                 | 26.12 |     |                | 2,055,004 |     |                                    | — |

(1) The numbers of years of credited service reflect the NEO’s actual years of service as of December 31, 2024. We do not credit additional years of service under the Executive Retirement Plan. Rather, the plan provides that the number of years of credited service is calculated through the NEO’s last