Craig Jeffrey A 4

What Happened
Craig Jeffrey, a director of Baxter International Inc. (BAX), was granted 12,836 shares of Baxter common stock on May 5, 2026. The Form 4 reports the shares as acquired at $0.00 (award/grant). Footnote indicates these shares are fully vested and subject to the terms of the applicable grant.

Key Details

• Transaction type: Award/Grant (code A) — 12,836 shares acquired.
• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (filed two days after the transaction).
• Price reported on Form 4: $0.00 (award); no cash paid per filing. Market value at grant is not shown in the filing.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — grant of fully vested shares subject to grant terms; F2 — totals include automatic reinvestment of dividends.
• Timeliness: Filing appears timely (filed within two business days of the transaction).

Context
This was an award of fully vested shares rather than a market purchase or sale — a compensation/benefit event, not a direct buy or sell signal. Such grants are common for director compensation; they don't necessarily indicate the director is buying or selling on the market. The reported acquisition price of $0 reflects that the shares were granted rather than purchased.