Summary
This Form 8-K filing from Becton, Dickinson and Company (BDX), dated May 7, 2002, primarily discloses stock transactions by its top executive, Edward J. Ludwig, Chairman, President, and CEO. On April 29, 2002, Mr. Ludwig exercised options to acquire 15,000 shares of BDX stock. To cover associated costs and tax obligations, he subsequently sold 5,000 shares on April 29 and an additional 3,500 shares on May 1. These transactions resulted in a net increase in Mr. Ludwig's direct share ownership by 6,500 shares, bringing his total direct holdings to 37,051. The filing also notes his additional ownership interests in employee benefit plans, including the Share Incentive Plan and Deferred Compensation Plan. Investors should note that these are disclosed insider transactions, as required by Regulation FD, reflecting executive compensation and personal financial management within the company.
Key Highlights
- 1CEO Edward J. Ludwig exercised options for 15,000 BDX shares on April 29, 2002.
- 2Mr. Ludwig sold 5,000 shares on April 29 and 3,500 shares on May 1 to cover costs and taxes related to the option exercise.
- 3These transactions resulted in a net increase of 6,500 shares in Mr. Ludwig's direct ownership.
- 4Mr. Ludwig's direct share ownership increased to 37,051 shares.
- 5The filing also reports Mr. Ludwig's indirect ownership interests in 17,178 shares through the Share Incentive Plan.
- 6Additional indirect ownership is held in 14,740 shares via the Deferred Compensation Plan.
- 7The disclosure is made under Regulation FD, ensuring transparency of insider transactions.