Baxter (BAX) interim CFO Anita Zielinski receives 13,426-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zielinski Anita A reported acquisition or exercise transactions in this Form 4 filing.
Baxter International Inc. reported that senior vice president and interim CFO Anita A. Zielinski received a one-time special grant of 13,426 shares of common stock as a restricted stock unit award in connection with her additional duties. The award was granted at no cash cost to her and is scheduled to vest on the third anniversary of the grant date, subject to vesting requirements under Baxter’s Second Amended and Restated 2021 Incentive Plan. Following this equity grant and automatic reinvestment of dividends, she directly holds 59,714 shares of Baxter common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zielinski Anita A
Role
SVP, Interim CFO, CAO & Cntrlr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1 par value | 13,426 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $1 par value — 59,714 shares (Direct, null)
Footnotes (1)
- In connection with Ms. Zielinski's appointment to Interim CFO and commensurate with related additional duties, she received a one-time special grant award of restricted stock units which are scheduled to vest on the third anniversary of the grant date, subject to satisfaction of the related vesting requirements set forth in the Baxter International Inc. Second Amended and Restated 2021 Incentive Plan. Total includes the automatic reinvestment of dividends.
Key Figures
RSU grant size: 13,426 shares
Grant price per share: $0.00 per share
Shares held after transaction: 59,714 shares
+1 more
4 metrics
RSU grant size
13,426 shares
Restricted stock units granted to Anita A. Zielinski
Grant price per share
$0.00 per share
Compensation grant, no cash purchase price
Shares held after transaction
59,714 shares
Direct Baxter common stock holdings following the grant
Vesting schedule
Third anniversary of grant date
RSUs vest subject to plan requirements
Key Terms
restricted stock units, automatic reinvestment of dividends, Incentive Plan, Grant, award, or other acquisition
4 terms
restricted stock units financial
"she received a one-time special grant award of restricted stock units which are scheduled to vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
automatic reinvestment of dividends financial
"Total includes the automatic reinvestment of dividends."
Incentive Plan financial
"set forth in the Baxter International Inc. Second Amended and Restated 2021 Incentive Plan."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Baxter (BAX) disclose about Anita Zielinski in this Form 4?
Baxter disclosed that Anita A. Zielinski, its SVP and Interim CFO, received a one-time grant of 13,426 restricted stock units, reflecting additional duties and increasing her direct holdings to 59,714 common shares including dividend reinvestments.
When do Anita Zielinski’s new Baxter restricted stock units vest?
The restricted stock units granted to Anita Zielinski are scheduled to vest on the third anniversary of the grant date. Vesting is contingent on satisfying the requirements in Baxter’s Second Amended and Restated 2021 Incentive Plan governing such awards.
Is Anita Zielinski’s Baxter Form 4 transaction an open-market purchase or sale?
The Form 4 transaction is not an open-market trade; it is a compensation-related grant. The 13,426 Baxter shares were acquired via a restricted stock unit award, reported under transaction code A for grant or award acquisition at a price of $0.00 per share.
Why did Baxter grant a special restricted stock unit award to Anita Zielinski?
Baxter granted a one-time special restricted stock unit award to Anita Zielinski in connection with her appointment as Interim CFO. The filing notes it is commensurate with her related additional duties in this expanded senior leadership position at the company.