Form 4: Baxter International Executive Reazur Rasul Reports Stock Disposal for Tax Obligations

Reazur Rasul, an Executive Vice President at Baxter International, disposed of 1,538 shares of common stock on March 1, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 1, 2024, Reazur Rasul, an EVP at Baxter International, disposed of 1,538 shares of Baxter's common stock.
• The transaction was executed to cover tax withholding obligations arising from the vesting of restricted stock units granted on March 1, 2023.
• The shares were disposed of at a price of $41.01 per share.
• Following the transaction, Rasul directly owns 26,357 shares of Baxter International.
• The report was filed on March 5, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates