Form 4: Baxter International Executive Sells Shares to Cover Tax Obligations

Christopher A. Toth, EVP at Baxter International, disposed of shares to cover tax withholding obligations related to vested restricted stock units.

Summary

• On June 3, 2024, Christopher A. Toth, an Executive Vice President at Baxter International Inc., disposed of 15,202 shares of common stock to cover tax obligations.
• The shares were sold at a price of $34.08 per share.
• This transaction was related to the settlement of vested restricted stock units granted on June 1, 2023.
• Following the transaction, Toth directly owns 213,282 shares of Baxter International Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects standard executive compensation practices and tax obligations.

Industry Context

Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by insiders. This filing indicates a common practice of selling shares to cover tax obligations arising from the vesting of stock awards.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies, especially related to equity compensation.
• Companies like Johnson & Johnson, Medtronic, and Abbott also see similar Form 4 filings from their executives regularly.
• The number of shares sold and the price are specific to the individual's holdings and the company's stock performance.

Stakeholder Impact

• The transaction has minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
• It is a routine transaction related to executive compensation.

Key Dates