Form 4: Baxter International EVP Heather Knight Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP and Chief Operating Officer of Baxter International, Heather Knight, reports disposing of shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 3, 2025, Heather Knight, EVP and Chief Operating Officer of Baxter International, disposed of 3,344 shares of common stock to cover tax withholding.
- The shares were forfeited at a price of $34.86 per share.
- This transaction resulted from the settlement of vested restricted stock units granted on March 2, 2022, and March 1, 2023.
- Following the transaction, Knight directly owns 155,323 shares of Baxter International.
- This total includes reinvested dividends and shares held in Baxter's Employee Stock Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are required by the SEC to provide transparency into insider transactions. This filing indicates a standard practice of executives covering tax obligations through stock disposals.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Date of grant of restricted stock units that vested. |
| 03/01/2023 | Date of grant of restricted stock units that vested. |
| 03/03/2025 | Date of stock disposal to cover tax withholding. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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