Form 4: Baxter International CFO Joel T. Grade Reports Share Transaction

Baxter International's CFO, Joel T. Grade, forfeited 6,612 shares to cover taxes related to vested restricted stock units.

Summary

• Joel T. Grade, the Executive Vice President and CFO of Baxter International, reported a transaction involving the company's common stock.
• On December 2, 2024, Mr. Grade forfeited 6,612 shares of common stock to cover tax obligations arising from the vesting of restricted stock units.
• The shares were forfeited at a price of $33.55 per share.
• Following the transaction, Mr. Grade beneficially owns 92,457 shares of Baxter International common stock.
• This total includes shares from dividend reinvestments and holdings in the company's Employee Stock Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any unusual activity or trend within the medical device industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is consistent with typical executive compensation practices.
• Many companies use restricted stock units as part of their compensation packages, and the tax withholding process is a common occurrence.
• Comparable companies in the medical device industry, such as Medtronic and Abbott, also have similar reporting requirements for their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
• The forfeiture of shares does not affect the company's overall financial position.

Key Dates

Keywords

Baxter International, Joel T. Grade, CFO, stock transaction, Form 4, share forfeiture, restricted stock units, insider trading