Form 4: Baxter International Executive Alok Sonig Reports Stock Transaction
SEC Form 4 Filing
Alok Sonig, EVP at Baxter International, reports a transaction involving common stock to cover tax withholding related to vested restricted stock units.
Summary
- On March 1, 2024, Alok Sonig, an EVP at Baxter International, engaged in a transaction involving the company's common stock.
- The transaction involved the forfeiture of 1,832 shares to cover tax withholding obligations.
- This forfeiture was a result of the delivery of shares from the settlement of vested restricted stock units granted on March 1, 2023.
- The price per share for the transaction was $41.01.
- Following the reported transaction, Sonig beneficially owns 30,101 shares of Baxter International common stock, which includes the automatic reinvestment of dividends.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date of grant for the restricted stock units that vested. |
| 03/01/2024 | Date of the stock transaction (forfeiture of shares for tax withholding). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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