Baxter International (BAX) director awarded 12,836 fully vested shares

Rhea-AI Filing Summary

MORRISON PATRICIA reported acquisition or exercise transactions in this Form 4 filing.

Baxter International Inc. director Patricia Morrison received a grant of 12,836 shares of common stock on May 5, 2026. The shares were fully vested at grant and awarded at no cash cost per share, as part of the company’s equity compensation. Following this award, she directly holds 42,386 Baxter common shares, a position that reflects both this grant and the automatic reinvestment of dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MORRISON PATRICIA

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $1 par value	12,836	$0.00	--

Holdings After Transaction: Common Stock, $1 par value — 42,386 shares (Direct, null)

Footnotes (1)

1. The reporting person received a grant of fully vested shares of common stock of Baxter International Inc., subject to the terms and conditions of the applicable grant. Total includes the automatic reinvestment of dividends.

Key Figures

Shares granted: 12,836 shares Total holdings after grant: 42,386 shares Reported price per share: $0.0000 per share

3 metrics

Shares granted 12,836 shares Fully vested common stock grant on May 5, 2026

Total holdings after grant 42,386 shares Direct Baxter common stock held by Patricia Morrison after transaction

Reported price per share $0.0000 per share Equity award, not an open-market purchase

Key Terms

fully vested shares, automatic reinvestment of dividends, grant, award, or other acquisition

3 terms

fully vested shares financial

"The reporting person received a grant of fully vested shares of common stock"

automatic reinvestment of dividends financial

"Total includes the automatic reinvestment of dividends"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MORRISON PATRICIA

(Last) (First) (Middle)

ONE BAXTER PARKWAY

(Street)

DEERFIELD ILLINOIS 60015

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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

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

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

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	05/05/2026		A		12,836(1)	A	$0	42,386(2)	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. The reporting person received a grant of fully vested shares of common stock of Baxter International Inc., subject to the terms and conditions of the applicable grant.

2. Total includes the automatic reinvestment of dividends.

Remarks:

	/s/ Kimberly Olson, as attorney in-fact for Patricia Morrison	05/07/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Baxter International (BAX) report for Patricia Morrison?

Baxter International reported that director Patricia Morrison received a grant of 12,836 fully vested common shares. The award was granted at no cash cost per share and increased her direct holdings to 42,386 shares, including shares from automatic dividend reinvestment.

Was the Baxter (BAX) insider transaction a stock purchase or a grant?

The Baxter transaction was a stock grant, not an open-market purchase. Director Patricia Morrison received 12,836 fully vested common shares as an equity award, subject to the applicable grant terms and conditions rather than a cash transaction on the market.

How many Baxter (BAX) shares does Patricia Morrison hold after the latest Form 4?

After the reported Form 4 transaction, director Patricia Morrison directly holds 42,386 Baxter common shares. This total reflects the 12,836-share fully vested grant received on May 5, 2026, as well as shares accumulated through automatic reinvestment of dividends.

What does ‘fully vested’ mean in Baxter’s stock grant to Patricia Morrison?

Fully vested means Morrison’s 12,836-share grant is not subject to future vesting or service requirements. She has immediate ownership rights under the grant’s terms and conditions, including shares previously accumulated through automatic reinvestment of dividends in her Baxter holdings.

Did Patricia Morrison pay a price per share for the Baxter (BAX) stock grant?

No, the reported grant to Patricia Morrison shows a transaction price per share of 0.0000. The 12,836 Baxter common shares were awarded as an equity grant, consistent with the company’s compensation practices, rather than purchased for cash in the open market.