Form 4: Baxter International SVP, CAO & Controller Brian Stevens Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian Stevens, SVP, CAO & Controller of Baxter International, reports the forfeiture of 545 common stock shares to cover tax withholding related to the settlement of vested restricted stock units.
Summary
- On March 4, 2024, Brian Stevens, SVP, CAO & Controller of Baxter International, forfeited 545 shares of common stock.
- The shares were forfeited to cover the withholding of taxes incurred from the settlement of vested restricted stock units.
- These restricted stock units were granted on March 2, 2022, and March 3, 2021.
- Following the transaction, Stevens beneficially owns 53,249 shares of Baxter International common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to the vesting of stock awards, which is a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the forfeiture of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Grant date of restricted stock units. |
| 03/02/2022 | Grant date of restricted stock units. |
| 03/04/2024 | Date of transaction (forfeiture of shares). |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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