Frye Andrew 4
4 · BAXTER INTERNATIONAL INC · Filed Feb 14, 2022
Insider Transaction Report
Form 4
Frye Andrew
SVP, President, APAC
Transactions
- Award
Common Stock, $1 par value
2022-02-10+1,404→ 10,514 total - Award
Common Stock, $1 par value
2022-02-10+4,056→ 14,570 total
Footnotes (2)
- [F1]Represents shares awarded from the performance share unit award granted on February 28, 2019 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2019 PSUs). The award provided that fifty percent of the performance share units are earned based on Baxter's Adjusted Operating Margin (OM) performance, as assessed annually over a three-year period. One-third of the OM performance share units are allocated to each one-year period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's OM during the January 1, 2021 to December 31, 2021 performance period. These shares have vested as the relevant three-year performance period January 1, 2019 to December 31, 2021 (the Three-Year Performance Period) has ended.
- [F2]Represents shares awarded from the 2019 PSUs. The award provides that fifty percent of the performance share units are earned based on Baxter's Total Shareholder Return (TSR) performance over the Three-Year Performance Period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's TSR during the Three-Year Performance Period. These shares have vested as the Three-Year Performance Period has ended.