Form 4: Baxter International Executive Forfeits Shares to Cover Tax Withholdings
SEC Form 4 Filing
James W. Borzi, EVP and Chief Supply Chain Officer at Baxter International, forfeited 1,685 shares to cover tax withholdings related to the vesting of restricted stock units.
Summary
- On September 3, 2024, James W. Borzi, EVP and Chief Supply Chain Officer at Baxter International, forfeited 1,685 shares of common stock to cover tax withholdings.
- This forfeiture was a result of the delivery of shares from the settlement of vested restricted stock units granted on September 1, 2023.
- The price per share for the transaction was $37.85.
- Following the transaction, Borzi beneficially owns 66,853 shares of Baxter International common stock, which includes the automatic reinvestment of dividends.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard process of tax withholding related to executive compensation.
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 |
|---|---|
| 09/01/2023 | Date of grant for the restricted stock units that vested. |
| 09/03/2024 | Date of the transaction (stock forfeiture for tax withholding). |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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