Brian Stevens - Feb 13, 2023 Form 4 Insider Report for BAXTER INTERNATIONAL INC (BAX)

Signature
/s/ Matthew Rice, as attorney in-fact for Brian Stevens
Stock symbol
BAX
Transactions as of
Feb 13, 2023
Transactions value $
-$9,072
Form type
4
Date filed
2/15/2023, 04:14 PM
Previous filing
Mar 23, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAX Common Stock, $1 par value Award $0 +646 +2.44% $0.00 27.1K Feb 13, 2023 Direct F1
transaction BAX Common Stock, $1 par value Tax liability -$9.07K -224 -0.83% $40.50 26.9K Feb 13, 2023 Direct F2
* 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 March 20, 2020 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2020 PSUs). The award provided that one-third of the performance share units are awarded based on Baxter's Sales Compound Annual Growth Rate (Sales CAGR) performance, Baxter's Total Shareholder Return (TSR) performance, and Baxter's Total Return on Invested Capital (ROIC) performance over the three-year performance period January 1, 2020 to December 31, 2022 (the Three-Year Performance Period). These shares have vested as the Three-Year Performance Period has ended.
F2 Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the vesting of the 2020 PSUs.