Rasul Reazur 4
4 · BAXTER INTERNATIONAL INC · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Baxter (BAX) EVP Rasul Reazur Receives Award; Withholds 5,770 Shares
What Happened
Rasul Reazur, EVP and Group President, Healthcare at Baxter International, was granted 18,951 shares on Feb 9, 2026 as the final vesting of a 2023 performance share unit (PSU) award (acquisition price $0). To cover withholding taxes on the vesting, 5,770 shares were surrendered/forfeited (reported as a disposition) at $21.73 per share, for a tax-withholding value of $125,382. This was an award vesting event, not an open-market purchase or voluntary sale.
Key Details
- Transaction date: Feb 9, 2026; Form 4 filed Feb 11, 2026 (appears timely).
- Awarded/acquired: 18,951 shares at $0.00 (code A).
- Withheld/forfeited for taxes: 5,770 shares at $21.73, total $125,382 (code F).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes:
- F1: Shares are from the 2023 PSU award based on a 3-year performance period (Jan 1, 2023–Dec 31, 2025) tied to Sales CAGR, TSR, and ROIC; the performance period ended and these PSUs vested.
- F2: The 5,770 shares represent shares forfeited to cover tax withholding on the vested PSUs.
- F3: Totals include automatic reinvestment of dividends where applicable.
Context: This was a routine vesting of performance-based equity, with a portion of shares withheld to satisfy tax obligations (a common cashless withholding method). Because this was an award vesting and not an open-market sale or purchase, it should not be interpreted alone as a bullish or bearish signal about the stock.
Insider Transaction Report
- Award
Common Stock, $1 par value
[F1]2026-02-09+18,951→ 145,616 total - Tax Payment
Common Stock, $1 par value
[F2][F3]2026-02-09$21.73/sh−5,770$125,382→ 139,846 total
Footnotes (3)
- [F1]Represents shares awarded from the performance share unit award granted on March 1, 2023 pursuant to the Amended & Restated Baxter International Inc. 2021 Incentive Plan and the Annual Equity Program adopted by Baxter International Inc. (Baxter) (the 2023 PSUs). The award provided that one-third of the performance share units are awarded based on Baxter's Sales Compound Annual Growth Rate (Sales CAGR) performance, Baxter's Total Shareholder Return (TSR) performance, and Baxter's Total Return on Invested Capital (ROIC) performance over the three-year performance period January 1, 2023 to December 31, 2025 (the Three-Year Performance Period). These shares have vested as the Three-Year Performance Period has ended.
- [F2]Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the vesting of the 2023 PSUs.
- [F3]Total includes the automatic reinvestment of dividends.