No actionable signal. The CEO's sale is a routine liquidity event following a large derivative exercise, and the dollar amount is immaterial relative to market cap. Monitor next 8-K or earnings for any operational update, but this cluster alone does not warrant a trade.
Price Chart
Executive Summary
BDX CEO Thomas Polen and EVP Roland Goette sold a combined $1.21M in open-market shares within a 7-day window. The CEO's sale of $768K followed a large derivative exercise and disposition to issuer, suggesting the open-market sale is likely a liquidity event tied to option exercise rather than a pure bearish signal. At a $50B market cap, the total open-market sales represent ~0.002% of market cap — trivial and routine. The historical calibration shows past neutral-score reports on BDX have had mixed T+20 outcomes (44% win rate, -1.52% avg P&L), and the score-6 calibration cell shows a net negative alpha (-10.8% mean loss vs +15.8% mean win), supporting a conservative score. This cluster is not actionable for traders.
Key Financial Metrics
Key Facts
- CEO Thomas Polen sold 4,152 open-market shares for $768,120 on 2026-08-13
- CEO also exercised 43,278 derivative shares at $167.25 and disposed 39,126 shares to the issuer on the same day
- EVP Roland Goette sold 2,438 open-market shares for $440,888 on 2026-08-11
- Total open-market sales of $1.21M represent ~0.002% of BDX's $50B market cap
- CEO's open-market sale appears tied to option exercise cash-out, not a standalone bearish signal
Financial Impact
Total open-market sales of $1.21M, or 0.002% of $50B market cap — trivial
Risk Factors
- CEO selling after option exercise could be misinterpreted as bearish by retail traders
- No material insider buying to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BDX-1786774465412 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Insider Cluster | $183.40 $182.91 | ▼ −0.27% | ▲ +1.72% | $178.07 (−2.91%) |
Jul 22, 2026 10w ago | 8-K | $153.16 $187.60 | ▲ +22.49% | ▲ +19.59% | $178.07 (+16.26%) |
Jun 27, 2026 13w ago | Insider Cluster | $155.19 $156.36 | ▲ +0.75% | ▲ +1.03% | $178.07 (+14.74%) |
Jun 27, 2026 13w ago | Insider Cluster | $155.19 $156.36 | ▲ +0.75% | ▲ +1.03% | $178.07 (+14.74%) |
Jun 3, 2026 17w ago | Insider Cluster | $145.54 $152.90 | ▲ +5.06% | ▲ +6.18% | $178.07 (+22.35%) |
May 29, 2026 18w ago | 8-K | $146.96 $155.92 | ▲ +6.10% | ▲ +9.73% | $178.07 (+21.17%) |
Apr 2, 2026 26w ago | 8-K | $155.23 $146.15 | ▼ −5.85% | ▼ −14.83% | $178.07 (+14.72%) |
Mar 31, 2026 26w ago | Court Ruling | $157.23 $145.31 | ▼ −7.58% | ▼ −17.00% | $178.07 (+13.25%) |
Feb 25, 2026 31w ago | 8-K | $176.49 $157.17 | ▼ −10.95% | ▼ −4.54% | $178.07 (+0.90%) |
US Market Status
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