Form 4: Baxter International Executive Heather Knight Reports Stock Transaction
SEC Form 4 Filing
Heather Knight, EVP at Baxter International, reports the forfeiture of 2,154 shares to cover tax withholding related to vested restricted stock units.
Summary
- On March 1, 2024, Heather Knight, an Executive Vice President at Baxter International, forfeited 2,154 shares of common stock to cover tax obligations.
- The shares were forfeited at a price of $41.01 per share.
- This transaction resulted from the settlement of vested restricted stock units granted on March 1, 2023.
- Following the transaction, Knight directly owns 54,483 shares of Baxter International.
- This total includes shares held in Baxter's Employee Stock Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
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 tax-related stock forfeiture following the vesting of restricted stock units, a common form of executive 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 forfeiture transaction. |
| 03/05/2024 | Date of the Form 4 filing. |
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