Baxter (NYSE: BAX) EVP withholds 1,614 shares to cover taxes

Rhea-AI Filing Summary

Baxter International executive Reazur Rasul reported a tax-related share disposition. On March 2, 2026, 1,614 shares of common stock at $19.69 per share were forfeited to cover withholding taxes triggered by the settlement of vested restricted stock units granted on March 1, 2023. After this tax-withholding disposition, Rasul directly owned 138,231 Baxter shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rasul Reazur

(Last) (First) (Middle)

ONE BAXTER PARKWAY

(Street)

DEERFIELD IL 60015

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BAXTER INTERNATIONAL INC [ BAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP,Group Pres,Healthcare

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $1 par value	03/02/2026		F		1,614(1)	D	$19.69	138,231	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the delivery of shares on March 2, 2026 from the settlement of vested restricted stock units granted on March 1, 2023.

Remarks:

	/s/ Kimberly Olson, as attorney in-fact for Reazur Rasul	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Baxter (BAX) executive Reazur Rasul report?

Reazur Rasul reported a tax-related share disposition. On March 2, 2026, 1,614 Baxter common shares were forfeited to cover withholding taxes from vested restricted stock units granted on March 1, 2023, rather than sold in an open-market transaction.

Was the Baxter (BAX) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 1,614 Baxter shares were forfeited to satisfy tax withholding obligations arising from the settlement of vested restricted stock units, as described in the footnote, rather than being sold to third-party buyers.

How many Baxter (BAX) shares did Reazur Rasul forfeit and at what price?

Reazur Rasul forfeited 1,614 Baxter common shares at $19.69 per share. This price was used to value shares withheld to cover taxes due on the March 2, 2026 settlement of restricted stock units granted on March 1, 2023.

How many Baxter (BAX) shares does Reazur Rasul own after the reported Form 4 transaction?

Following the reported tax-withholding disposition, Reazur Rasul directly owns 138,231 Baxter common shares. This figure reflects his direct holdings after 1,614 shares were forfeited to cover tax obligations tied to the vesting of restricted stock units.

What triggered the tax-withholding disposition reported by Baxter (BAX) EVP Reazur Rasul?

The tax-withholding disposition was triggered by the settlement of vested restricted stock units. These units were originally granted on March 1, 2023 and settled on March 2, 2026, causing taxes that were satisfied by forfeiting 1,614 Baxter shares.