Form 4: Baxter International CEO Jose Almeida Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Jose Almeida, CEO of Baxter International, reported the forfeiture of 4,779 shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 4, 2024, Jose E. Almeida, the Chairman, CEO, and President of Baxter International Inc., forfeited 4,779 shares of common stock to cover tax withholding related to the vesting of restricted stock units.
- The shares were forfeited at a price of $42.5 per share.
- Following the transaction, Almeida directly owns 102,033 shares of Baxter International Inc.
- Almeida also indirectly owns 324,976 shares held in the TKJK-H Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. This filing indicates a transaction related to tax obligations from vested stock units, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Date of grant for the vested restricted stock units. |
| 03/04/2024 | Date of the share forfeiture transaction. |
| 03/06/2024 | Date of the report filing. |
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