Grade Joel T. 4

What Happened

• Joel T. Grade, EVP and Chief Financial Officer of Baxter International (BAX), had 8,153 shares forfeited on March 6, 2026 to cover withholding taxes related to the settlement of vested restricted stock units (RSUs). The shares were valued at $17.69 each, totaling approximately $144,227. This was a tax-withholding share forfeiture (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date: March 6, 2026
• Shares forfeited/disposed: 8,153
• Price per share used for withholding: $17.69
• Total value of shares withheld: ~$144,227
• Footnote: Forfeiture covers taxes from delivery of shares on March 6, 2026 arising from RSUs granted March 6, 2024 and March 6, 2025
• Filing date: Form 4 received by the SEC on March 10, 2026
• Shares owned after transaction: not specified in the Form 4 provided

Context

• This transaction is a routine tax-withholding action tied to RSU vesting (company retained shares to satisfy tax obligations). It does not indicate an open-market sale or directional trading by the insider. For RSU-related withholdings, the company usually retains (forfeits) a portion of delivered shares rather than the insider selling shares on the market.