Form 4: Baxter International EVP Rosenbloom Reports Stock Transaction
SEC Form 4 Filing
David S. Rosenbloom, EVP and General Counsel of Baxter International, reports the forfeiture of 1,416 shares to cover tax withholding related to vested restricted stock units.
Summary
- On March 1, 2024, David S. Rosenbloom, EVP and General Counsel of Baxter International, forfeited 1,416 shares of common stock to cover tax withholding.
- This forfeiture was related to the settlement of vested restricted stock units granted on March 1, 2023.
- The price per share for the transaction was $41.01.
- Following the transaction, Rosenbloom directly owns 55,405 shares of Baxter International common stock, which includes the automatic reinvestment of dividends.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of the US market and are required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for the restricted stock units that vested. |
| 03/01/2024 | Date of the stock forfeiture transaction. |
| 03/05/2024 | Date of the Form 4 filing. |
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