Form 4: Baxter International Executive James W. Borzi Reports Stock Transaction

EVP, Chief Supply Chain Officer of Baxter International, James W. Borzi, reports the forfeiture of 420 shares to cover tax withholding related to vested restricted stock units.

Summary

• On March 4, 2024, James W. Borzi, EVP, Chief Supply Chain Officer of Baxter International, forfeited 420 shares of common stock to cover tax withholding.
• The shares were related to the settlement of vested restricted stock units granted on March 2, 2022.
• The transaction was executed at a price of $42.5 per share.
• Following the transaction, Borzi directly owns 34,394 shares of Baxter International.
• The report was filed on March 6, 2024.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of key personnel and their potential impact on the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Johnson & Johnson, Medtronic, and Abbott Laboratories also regularly file Form 4 documents when their executives engage in stock transactions.
• The details disclosed in this filing are consistent with the level of information expected in such reports, including the number of shares, transaction date, and price.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares forfeited for tax purposes.

Key Dates