Form 4: Baxter International CEO Jose Almeida Forfeits Shares to Cover Taxes

Baxter International's CEO, Jose Almeida, forfeited 5,966 shares of common stock to cover taxes related to previously granted restricted stock units.

Summary

• Jose Almeida, the CEO of Baxter International, forfeited 5,966 shares of common stock on December 13, 2024.
• The shares were forfeited to cover the withholding of accelerated FICA taxes for restricted stock unit awards previously granted under Baxter International Inc.'s Long-Term Incentive Plan.
• The transaction price was $30.32 per share.
• Following the transaction, Mr. Almeida directly owns 243,589 shares and indirectly owns 324,976 shares held in the TKJK-H Revocable Trust.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Stock forfeitures to cover taxes on equity awards are a standard practice in executive compensation across various industries.
• Many companies use restricted stock units as part of their long-term incentive plans, and the tax implications often lead to similar transactions.
• Comparable companies in the medical device and healthcare sector also have similar executive compensation structures.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

Keywords

Baxter International, Jose Almeida, stock forfeiture, FICA taxes, restricted stock units, executive compensation, insider trading