Joel T. Grade - 09 Feb 2026 Form 4 Insider Report for BAXTER INTERNATIONAL INC (BAX)

Signature
/s/ Kimberly Olson, as attorney in-fact for Joel T. Grade
Issuer symbol
BAX
Transactions as of
09 Feb 2026
Net transactions value
-$198,699
Form type
4
Filing time
11 Feb 2026, 19:07:39 UTC
Previous filing
03 Dec 2025
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Grade Joel T. EVP and CFO ONE BAXTER PARKWAY, DEERFIELD /s/ Kimberly Olson, as attorney in-fact for Joel T. Grade 11 Feb 2026 0001602507

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAX Common Stock, $1 par value Award $0 +30,504 +14% $0.000000 246,048 09 Feb 2026 Direct F1
transaction BAX Common Stock, $1 par value Tax liability $198,699 -9,144 -3.7% $21.73 236,904 09 Feb 2026 Direct F2, 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 March 1, 2023 pursuant to the Amended & Restated Baxter International Inc. 2021 Incentive Plan and the Annual Equity Program adopted by Baxter International Inc. (Baxter) (the 2023 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, 2023 to December 31, 2025 (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 2023 PSUs.
F3 Total includes the automatic reinvestment of dividends and shares held in the Baxter's Employee Stock Plan.