BDX BECTON DICKINSON & CO
Price Chart
Executive Summary
CEO Thomas Polen executed a multi-leg transaction on June 1: exercised 20,209 options at $126.16, surrendered 17,445 shares to the issuer for tax withholding ($2.55M), and sold 2,764 shares on the open market ($405K). EVP Peter Menziuso received a 14,258-share grant. The open-market sale is small relative to BDX's $39.8B market cap (0.001%), and the tax-withholding disposition is non-discretionary. The cluster is dominated by non-cash events and a routine option exercise, not a bearish signal.
Key Financial Metrics
Actionable Insight
No actionable signal. CEO's open-market sale is de minimis and accompanied by a large tax-withholding disposition tied to option exercise — a standard pattern. The €600M note offering two weeks prior is a routine refinancing. Monitor next earnings for any guidance changes, but this cluster provides no edge.
Key Facts
- CEO Polen exercised 20,209 options at $126.16/share ($2.55M intrinsic value) on June 1
- CEO surrendered 17,445 shares to issuer for tax withholding at $146.15/share ($2.55M) — non-discretionary
- CEO sold 2,764 shares on open market at $146.35/share ($405K) — 0.001% of market cap
- EVP Menziuso received a grant of 14,258 shares at $0 — non-cash compensation
- Total open-market sale value ($416K) is trivial relative to $39.8B market cap
- The 8-K filed May 20 (14 days prior) disclosed a €600M 3.855% note issuance due 2033 — a routine refinancing, not a material new event
Financial Impact
Open-market sales total $416K, or ~0.001% of BDX's $39.8B market cap — immaterial
Risk Factors
- CEO's option exercise and sale could be misinterpreted as bearish by retail traders
- No material risk identified from this cluster alone
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BDX-1780505094756 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $145.54 $149.44 | ▲ +2.68% | ▲ +2.28% | $146.24 (+0.48%) |
|
May 29, 2026
14d ago
|
8-K
| $146.96 $145.33 | ▼ −1.11% | ▼ −1.37% | $146.24 (−0.49%) |
|
Apr 2, 2026
10w ago
|
8-K
| $155.23 $154.96 | ▼ −0.17% | ▼ −0.23% | $146.24 (−5.79%) |
|
Feb 25, 2026
15w ago
|
8-K
| $176.49 $176.32 | ▼ −0.10% | ▲ +0.36% | $146.24 (−17.14%) |
US Market Status
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