Form 4: Baxter International Executive Reazur Rasul Reports Share Transaction

Executive Vice President of Baxter International, Reazur Rasul, reported a transaction involving the forfeiture of 2,032 shares to cover tax withholdings.

Summary

• Reazur Rasul, an Executive Vice President at Baxter International, filed a Form 4 detailing a transaction.
• On December 2, 2024, Mr. Rasul forfeited 2,032 shares of Baxter common stock to cover tax obligations.
• These shares were related to the settlement of vested restricted stock units granted on December 1, 2021.
• The transaction price was $33.55 per share.
• Following the transaction, Mr. Rasul beneficially owns 109,116 shares of Baxter stock, which includes reinvested dividends.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of settling vested stock awards and covering associated tax liabilities.

Comparison to Industry Standards

• The forfeiture of shares to cover tax obligations is a standard practice in executive compensation across various industries.
• Many companies use restricted stock units as part of their compensation packages, and the vesting and tax implications are typically handled similarly.
• Comparable companies in the healthcare sector, such as Medtronic and Abbott, also have similar reporting requirements for executive stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Baxter International, Reazur Rasul, stock transaction, executive compensation, restricted stock units, tax withholding, beneficial ownership