Jose E. Almeida - Feb 10, 2022 Form 4 Insider Report for BAXTER INTERNATIONAL INC (BAX)

Role
Chairman, CEO and President
Signature
/s/ Matthew Rice, as attorney in-fact for Jose E. Almeida
Stock symbol
BAX
Transactions as of
Feb 10, 2022
Transactions value $
-$2,038,433
Form type
4
Date filed
2/14/2022, 03:14 PM
Previous filing
Nov 3, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAX Common Stock, $1 par value Award $0 +10K +3.72% $0.00 280K Feb 10, 2022 Direct F1
transaction BAX Common Stock, $1 par value Award $0 +29K +10.35% $0.00 309K Feb 10, 2022 Direct F2
transaction BAX Common Stock, $1 par value Tax liability -$2.04M -23.2K -7.52% $87.75 286K Feb 10, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.