Jeanne K. Mason - Feb 12, 2024 Form 4 Insider Report for BAXTER INTERNATIONAL INC (BAX)

Role: EVP, Chief HR Officer
Signature: /s/ Matthew Rice, as attorney in-fact for Jeanne K. Mason
Stock symbol: BAX
Transactions as of: Feb 12, 2024
Transactions value $: -$58,974
Form type: 4
Date filed: 2/14/2024, 04:34 PM
Previous filing: Mar 6, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAX	Common Stock, $1 par value	Award	$0	+4.6K	+3.31%	$0.00	144K	Feb 12, 2024	Direct	F1
transaction	BAX	Common Stock, $1 par value	Tax liability	-$59K	-1.46K	-1.02%	$40.31	142K	Feb 12, 2024	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 3, 2021 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2021 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, 2021 to December 31, 2023 (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 2021 PSUs.

Content

Represents shares awarded from the performance share unit award granted on March 3, 2021 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2021 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, 2021 to December 31, 2023 (the Three-Year Performance Period). These shares have vested as the Three-Year Performance Period has ended.

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 2021 PSUs.