Rasul Reazur 4

What Happened

• Rasul Reazur, EVP and Group President, Healthcare at Baxter International (BAX), had 12,674 shares withheld (disposed) to satisfy tax withholding related to vested restricted stock units. The shares were withheld at $17.69 per share, totaling approximately $224,203. This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: March 6, 2026
• Price per share: $17.69; Shares forfeited: 12,674; Total value: ~$224,203
• Filing date / Form 4 accession: Filed March 10, 2026 (appears timely under the two-business-day rule)
• Shares owned after the transaction: Not disclosed in this filing
• Footnote: Shares were forfeited to cover withholding taxes from delivery of shares on March 6, 2026, stemming from vested RSUs granted on March 6, 2024 and March 6, 2025
• Transaction code meaning: F = shares withheld/forfeited to cover tax withholding

Context

• This was a routine tax-withholding action following RSU vesting (a cashless/withholding settlement), not a signal of buying or selling intent in the open market. Such withholding transactions are common after awards vest and generally do not offer a clear view into an insider’s market outlook.