Form 4: Baxter International CEO Jose Almeida Reports Stock Transaction
SEC Form 4 Filing
Jose Almeida, Chairman, CEO, and President of Baxter International, reports the forfeiture of 9,701 shares to cover tax withholding related to the vesting of restricted stock units.
Summary
- On March 1, 2024, Jose E. Almeida, Chairman, CEO, and President of Baxter International, forfeited 9,701 shares of common stock to cover tax obligations.
- The shares were forfeited at a price of $41.01 per share.
- Following the transaction, Almeida directly owns 106,812 shares of Baxter International common stock.
- Almeida also indirectly owns 324,976 shares held in the TKJK-H Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent forfeiture of shares to cover tax obligations, a common practice among executives.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for the vested restricted stock units. |
| 03/01/2024 | Date of transaction: forfeiture of shares for tax withholding and settlement of vested restricted stock units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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