Form 4: Baxter International EVP Rosenbloom Reports Stock Transaction
SEC Form 4
David S. Rosenbloom, EVP and General Counsel of Baxter International, reports the forfeiture of 784 shares to cover tax withholding related to vested restricted stock units.
Summary
- On June 3, 2024, David S. Rosenbloom, EVP and General Counsel of Baxter International Inc., forfeited 784 shares of common stock to cover tax withholding.
- The shares were forfeited at a price of $34.08 per share.
- This transaction resulted from the settlement of vested restricted stock units granted on June 1, 2022.
- Following the transaction, Rosenbloom beneficially owns 108,580 shares of Baxter International Inc.
- The total includes the automatic reinvestment of dividends.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to insider stock transactions, and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/01/2022 | Date of grant for the restricted stock units that vested. |
| 06/03/2024 | Date of the stock forfeiture transaction. |
| 06/05/2024 | Date of the Form 4 filing. |
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