Form 4: Baxter International Executive Christopher A. Toth Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Christopher A. Toth, EVP at Baxter International, disposed of 25,372 shares to cover tax withholding related to the vesting of restricted stock units.
Summary
- On January 31, 2025, Christopher A. Toth, an Executive Vice President at Baxter International Inc., disposed of 25,372 shares of common stock to cover tax obligations.
- The shares were forfeited to cover the withholding of taxes incurred as a result of the delivery of shares from the settlement of restricted stock units granted on March 6, 2024.
- These restricted stock units vested on January 31, 2025, according to the terms of the Equity Purchase Agreement (EPA) dated August 12, 2024.
- Following the transaction, Toth directly owns 105,186 shares of Baxter International Inc.
- The reported transaction was filed on February 4, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly 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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of the Equity Purchase Agreement (EPA) between Baxter International Inc. and certain Carlyle affiliates. |
| 03/06/2024 | Date of grant of restricted stock units to Christopher A. Toth. |
| 01/31/2025 | Date of the transaction where shares were disposed of to cover tax withholding and the date the restricted stock units vested. |
| 02/03/2025 | Date of Baxter International Inc.'s Form 8-K filing, which further describes the closing of the EPA. |
| 02/04/2025 | Date the Form 4 was filed. |
Keywords
Form 4, Baxter International, Christopher A. Toth, Executive Compensation, Share Disposal, Restricted Stock Units, Beneficial Ownership, Tax Withholding
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