Insider Trading March 27, 2026

BDX Executive Sells $11,762 in Stock as Company Posts Modest Revenue Gain and Moves on Debt and Product Approvals

Chief Revenue Officer Michael Feld disposed of 75 shares; company reported fiscal Q1 2026 beats, launched debt tender offers and secured FDA clearance for a surgical irrigation device

By Caleb Monroe BDX
BDX Executive Sells $11,762 in Stock as Company Posts Modest Revenue Gain and Moves on Debt and Product Approvals
BDX

Michael Feld, Executive Vice President and Chief Revenue Officer of Becton Dickinson & Co, sold a small parcel of company stock on March 26, 2026, in a transaction executed under a pre-established Rule 10b5-1 trading plan. The company recently reported fiscal first-quarter 2026 results that outperformed consensus expectations on an ex-foreign-exchange basis and has undertaken several balance-sheet and product moves, including tender offers for outstanding debt and an FDA clearance for a new antimicrobial irrigation system.

Key Points

  • Michael Feld sold 75 shares of BDX on March 26, 2026 at $156.83 for $11,762 and retains 21,233 shares; the sale was made under a Rule 10b5-1 plan adopted February 7, 2025.
  • Becton Dickinson reported fiscal Q1 2026 ex-foreign-exchange revenue growth of 0.4% year-over-year, outperforming consensus and company guidance calling for low-single-digit declines.
  • The company has launched tender offers to repurchase up to $1.6 billion of outstanding debt across 15 series and received FDA clearance for the Surgiphor 1000mL antimicrobial irrigation system.

Michael Feld, who serves as Executive Vice President and Chief Revenue Officer at Becton Dickinson & Co (NYSE: BDX), sold 75 shares of common stock on March 26, 2026. The shares traded at $156.83 apiece, generating proceeds of $11,762. The disposition was made under a Rule 10b5-1 trading plan that Feld had adopted on February 7, 2025. After completing the sale, Feld retained direct ownership of 21,233 shares of Becton Dickinson common stock.

The insider sale is one element of a series of corporate developments announced by Becton Dickinson in recent disclosures. The company reported fiscal first-quarter 2026 results that exceeded consensus expectations, recording ex-foreign-exchange revenue growth of 0.4% year-over-year. That performance outpaced the company’s guidance, which had forecast low-single-digit declines in revenue for the period.

In parallel with its operating update, Becton Dickinson has initiated tender offers to repurchase up to $1.6 billion of its outstanding debt securities. The program covers 15 different series of debt with varying maturities. The tender offers represent an active effort to address the company’s debt profile.

On the regulatory and product front, Becton Dickinson received FDA clearance for its Surgiphor 1000mL antimicrobial irrigation system. The device is designed to assist during surgical procedures by irrigating wounds and removing debris and microorganisms.

Analyst activity has reflected a mixed view of the company’s near-term prospects. RBC Capital reduced its price target for Becton Dickinson to $172 from $210 while maintaining a Sector Perform rating. Argus also trimmed its target, lowering it to $180 from $230, but kept a Buy rating in place, citing market turbulence as a factor in the adjustment. Raymond James additionally noted that medical technology pricing remained largely flat in 2025 after a brief period of positive movement in prior years. The commentary points to the company’s strategic emphasis on growth opportunities within its Medical and Interventional segments.


Summary of the transaction and company actions

  • Michael Feld sold 75 shares on March 26, 2026 at $156.83, totaling $11,762.
  • Feld continues to hold 21,233 shares following the sale; the transaction was executed under a Rule 10b5-1 plan adopted February 7, 2025.
  • Becton Dickinson reported fiscal Q1 2026 ex-FX revenue growth of 0.4% year-over-year, beating consensus and company guidance.
  • The company launched tender offers to buy up to $1.6 billion of outstanding debt across 15 series and received FDA clearance for the Surgiphor 1000mL antimicrobial irrigation system.
  • Analysts at RBC Capital and Argus lowered price targets, while commentary from Raymond James highlighted generally flat Med Tech pricing in 2025.

Context notes

The information above reflects company filings, reported results and analyst actions as disclosed. Where specific details were not provided in those disclosures, this account does not expand beyond the available facts.

Risks

  • Analyst target reductions from RBC Capital and Argus signal continued market uncertainty for the stock and could weigh on investor sentiment - impacts the healthcare and med-tech sectors.
  • Med Tech pricing remained largely flat in 2025, according to Raymond James, which may constrain revenue growth in Medical and Interventional segments and affect margin dynamics - impacts medical devices and hospital procurement budgets.
  • The tender offers to repurchase up to $1.6 billion of debt affect the company’s balance sheet strategy; execution risk or market conditions could influence outcomes in debt capital markets - impacts corporate debt and fixed-income markets.

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