McDonnell Michael R. 4

What Happened

• Michael R. McDonnell, a director of Baxter International Inc. (BAX), received a grant of 1,811 fully vested shares on February 13, 2026. The shares were reported at $0.00 per share (award/grant), so no cash purchase was involved. This was an award of stock, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-13; Transaction type: Award/Grant (code A); Report filed: 2026-02-18.
• Price reported: $0.00 per share; Shares granted: 1,811.
• Shares owned after transaction: not reported in the provided filing.
• Footnote: The grant consists of fully vested common stock subject to the terms and conditions of the applicable grant (see filing footnote F1).
• Timeliness: Form 4 was filed on Feb 18, 2026 and appears to be timely.

Context

• This was a compensation-related stock award (fully vested), which gives immediate ownership but does not necessarily signal buying/selling intent. Awards are common for directors and executives as part of pay; they differ from purchases (which can be a stronger bullish signal) and sales (which may be routine or for diversification).