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BAXTER INTERNATIONAL INC·4

Jun 3, 4:06 PM ET

Wallace Steven P. 4

Research Summary

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Baxter (BAX) President Steven P. Wallace Forfeits 153 Shares for Taxes

What Happened
Steven P. Wallace, President, Advanced Surgery at Baxter International (BAX), had 153 shares forfeited to cover tax withholding related to the delivery of vested restricted stock units (RSUs). The forfeiture is reported as a disposition of 153 shares at $18.68 per share, totaling $2,858. This was a tax-withholding action tied to RSU settlement, not an open-market sale.

Key Details

  • Transaction date: 2026-06-02; reported on Form 4 filed 2026-06-03 (timely filing).
  • Price/value: 153 shares × $18.68 = $2,858 (amount of shares forfeited to satisfy withholding).
  • Shares owned after transaction: Not disclosed in this filing.
  • Footnote: F1 — The 153 shares were forfeited to cover withholding taxes from shares delivered on June 2, 2026, arising from RSUs granted on June 2, 2025.
  • Transaction code: F (tax withholding).

Context
This was a routine tax-withholding/forfeiture on vested RSUs (a common "sell-to-cover" mechanism), not an open-market sale or purchase. Such actions are administrative and do not necessarily indicate the insider’s view on the company’s stock.