Director Jeffrey A. Craig receives 12,836 Baxter (BAX) shares in grant

Rhea-AI Filing Summary

Craig Jeffrey A reported acquisition or exercise transactions in this Form 4 filing.

Baxter International director Jeffrey A. Craig received an equity grant of 12,836 shares of Baxter common stock on May 5, 2026. The shares were granted at no cost as fully vested stock, subject to the applicable grant terms. Following this award, Craig directly holds 23,662 shares, a figure that also reflects automatic reinvestment of dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Craig Jeffrey A

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 — 23,662 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

Equity grant: 12,836 shares Holdings after grant: 23,662 shares Grant price per share: $0.00 per share

3 metrics

Equity grant 12,836 shares Common stock grant to director on May 5, 2026

Holdings after grant 23,662 shares Director’s direct Baxter common stock holdings following award

Grant price per share $0.00 per share Reported transaction price for the awarded common stock

Key Terms

fully vested shares of common stock, automatic reinvestment of dividends, grant of fully vested shares

3 terms

fully vested shares of common stock financial

"The reporting person received a grant of fully vested shares of common stock of Baxter International Inc."

automatic reinvestment of dividends financial

"Total includes the automatic reinvestment of dividends."

grant of fully vested shares financial

"The reporting person received a grant of fully vested shares of common stock of Baxter International Inc."

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^*

Craig Jeffrey A

(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	23,662(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 Jeffrey A. Craig	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 (BAX) report for Jeffrey A. Craig?

Baxter reported that director Jeffrey A. Craig received a grant of 12,836 fully vested common shares. The award was made at no cost as stock-based compensation, increasing his direct holdings to 23,662 shares, including shares from automatic dividend reinvestment.

Was the Baxter (BAX) Form 4 transaction a market purchase or a grant?

The Form 4 transaction was a stock grant, not a market purchase. Craig received 12,836 fully vested Baxter common shares at a reported price of $0.00 per share, reflecting compensation awarded under Baxter’s grant terms rather than an open-market buy.

How many Baxter (BAX) shares does Jeffrey A. Craig hold after the grant?

After the grant, Jeffrey A. Craig directly holds 23,662 Baxter common shares. This total includes the newly granted 12,836 fully vested shares, as well as shares accumulated through the automatic reinvestment of dividends noted in the filing footnotes.

What does ‘fully vested shares’ mean in the Baxter (BAX) Form 4?

‘Fully vested shares’ means Craig’s 12,836 granted shares are not subject to future vesting conditions. According to the filing, they are fully earned on the grant date, although still governed by the general terms and conditions of the applicable Baxter equity grant.

Does the Baxter (BAX) Form 4 mention dividend reinvestment for Craig’s holdings?

Yes. A footnote states Craig’s total share count includes automatic reinvestment of dividends. This means dividends paid on previously held Baxter shares were used to acquire additional shares, which are reflected in the reported 23,662-share holding total.