Baxter (BAX) President James Teaff Forfeits 750 Shares for Taxes

What Happened

• James Teaff, President, CCS at Baxter International (BAX), had 750 shares forfeited on September 1, 2026 to cover taxes related to the delivery of vested restricted stock units (RSUs). The forfeited shares were valued at $25.48 each for a total of $19,110. This was a tax-withholding/disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01; Filing date (Form 4): 2026-09-03 (appears timely).
• Shares forfeited: 750 at $25.48 each; total value $19,110.
• Transaction type/code: F — shares withheld/forfeited to satisfy tax withholding obligations on RSU settlement.
• Footnote F1: These shares were forfeited to cover withholding from the delivery of RSUs granted on 2023-09-01 and settled on 2026-09-01.
• Footnote F2: Reported totals include automatic dividend reinvestment and shares held in Baxter’s Employee Stock Plan.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a routine tax-withholding action tied to vested RSUs (not an insider selling shares in the open market). Such forfeitures are common when companies settle equity compensation and do not necessarily indicate the insider’s view of the stock.