Form 4: Baxter CFO Reports Routine Stock Disposition

Baxter International's EVP and CFO, Joel T. Grade, reported a disposition of 8,288 common shares to cover tax withholdings from vested restricted stock units.

Summary

• Joel T. Grade, Executive Vice President and Chief Financial Officer of Baxter International Inc. (BAX), reported a transaction on December 1, 2025.
• The transaction involved the disposition of 8,288 shares of Baxter International Inc. Common Stock, $1 par value.
• These shares were forfeited to cover tax withholdings incurred from the settlement of vested restricted stock units (RSUs) granted on December 1, 2023.
• The price per share for the disposition was $19.08.
• Following this transaction, Joel T. Grade beneficially owns 215,151 shares of common stock, which includes the automatic reinvestment of dividends.

Sentiment

Score: 5

Explanation: This is a routine insider transaction for tax purposes related to vested equity awards and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing.

Industry Context

This is a routine insider transaction for tax purposes and does not provide specific industry context. It reflects standard compensation practices involving equity awards common across publicly traded companies.

Comparison to Industry Standards

• This is a standard practice for executives receiving equity compensation. When restricted stock units vest, a portion of the shares is typically withheld or sold to cover the statutory tax obligations, which is common across industries for publicly traded companies.
• No specific comparable companies, projects, or results are relevant for this type of routine filing.

Related Party Transactions

• The transaction involves the disposition of shares by an executive (Joel T. Grade) to the company to cover tax obligations arising from vested restricted stock units, which is a common compensation-related related party transaction.

Stakeholder Impact

• Minimal impact on shareholders, employees, customers, suppliers, or creditors. This is a routine, non-discretionary transaction for tax purposes related to executive compensation.

Key Dates

Keywords

Baxter International, BAX, Form 4, Insider Transaction, Joel T. Grade, CFO, Stock Disposition, Restricted Stock Units, Tax Withholding