Form 4: Executive Heather Knight Reports Stock Transaction to Cover Tax Withholdings
SEC Form 4 Filing
Heather Knight, EVP, Group President, Med Products at Baxter International, reports a transaction involving the forfeiture of shares to cover tax withholdings related to the vesting of restricted stock units.
Summary
- On March 4, 2024, Heather Knight, an Executive Vice President at Baxter International Inc., forfeited 1,320 shares of common stock to cover tax withholdings.
- This forfeiture was a result of the delivery of shares from the settlement of vested restricted stock units granted on March 2, 2022, and March 3, 2021.
- Following the transaction, Knight directly owns 53,162 shares of Baxter International Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard process of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date of grant of restricted stock units that contributed to the tax obligation. |
| 03/02/2022 | Date of grant of restricted stock units that contributed to the tax obligation. |
| 03/04/2024 | Date of the stock forfeiture transaction to cover tax withholdings. |
| 03/06/2024 | Date of signature on the Form 4 filing. |
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