Form 4: Baxter International Executive James W. Borzi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Chief Supply Chain Officer of Baxter International, James W. Borzi, reports a transaction involving common stock related to vested restricted stock units.
Summary
- On March 3, 2025, James W. Borzi, EVP and Chief Supply Chain Officer of Baxter International, reported a transaction.
- The transaction involved the forfeiture of 1,339 shares of common stock to cover tax withholdings related to the settlement of vested restricted stock units.
- These restricted stock units were granted on March 2, 2022, and March 1, 2023.
- The price per share for the tax withholding was $34.86.
- Following the transaction, Borzi directly owns 66,407 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 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.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the forfeiture of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Grant date of restricted stock units. |
| 03/01/2023 | Grant date of restricted stock units. |
| 03/03/2025 | Date of transaction (stock forfeiture for tax withholding). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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