Form 4: Baxter International EVP Rosenbloom Reports Stock Transaction
SEC Form 4 Filing
David S. Rosenbloom, EVP and General Counsel of Baxter International, reports a transaction involving common stock to cover tax withholding related to vested restricted stock units.
Summary
- On March 3, 2025, David S. Rosenbloom, EVP and General Counsel of Baxter International Inc., reported a transaction involving the company's common stock.
- The transaction involved the forfeiture of 1,312 shares to cover tax withholding obligations resulting from the settlement of vested restricted stock units granted on March 1, 2023.
- The price per share for the transaction was $34.86.
- Following the transaction, Rosenbloom directly owns 109,703 shares of Baxter International Inc.
- This total includes the automatic reinvestment of dividends.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Executive compensation packages often include restricted stock units, which vest over time and are subject to tax withholding upon settlement.
- The number of shares forfeited for tax withholding is typical and depends on the executive's tax bracket and the value of the vested shares.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves a small number of shares forfeited by an executive for tax purposes.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for the restricted stock units that vested. |
| 03/03/2025 | Date of the stock transaction (forfeiture of shares for tax withholding). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Baxter International, Rosenbloom, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Dividends
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