Form 4 for BAX Baxter International
Accepted 2022-02-14 00:00:00 ET · period of report 2022-02-10 · accession 0001062993-22-004273 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-02-14 | 2022-02-10 | BAX | ALMEIDA JOSE E | COB, CEO, Pres | F - Tax | $87.75 | -23.2K | 285.7K | -8% | -$2.04M | |
| M | 2022-02-14 | 2022-02-10 | BAX | ALMEIDA JOSE E | COB, CEO, Pres | A - Grant | $0.00 | +39.0K | 280.0K | +16% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $1 par value | 2022-02-10 | F | D | 23,230 | $87.75 | 285,736 | D | — | — | (F3) Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the vesting of shares in 2019, 2020, and 2021 as part of the 2019 PSUs. |
| 2 | Common | Common Stock, $1 par value | 2022-02-10 | A | A | 28,978 | $0.00 | 308,966 | D | — | — | (F2) Represents shares awarded from the 2019 PSUs. The award provides that fifty percent of the performance share units are earned based on Baxter's Total Shareholder Return (TSR) performance over the Three-Year Performance Period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's TSR during the Three-Year Performance Period. These shares have vested as the Three-Year Performance Period has ended. |
| 3 | Common | Common Stock, $1 par value | 2022-02-10 | A | A | 10,032 | $0.00 | 279,988 | D | — | — | (F1) Represents shares awarded from the performance share unit award granted on February 28, 2019 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2019 PSUs). The award provided that fifty percent of the performance share units are earned based on Baxter's Adjusted Operating Margin (OM) performance, as assessed annually over a three-year period. One-third of the OM performance share units are allocated to each one-year period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's OM during the January 1, 2021 to December 31, 2021 performance period. These shares have vested as the relevant three-year performance period January 1, 2019 to December 31, 2021 (the Three-Year Performance Period) has ended. |