Director Michael McDonnell of Baxter (NYSE: BAX) receives 12,836-share fully vested grant

Rhea-AI Filing Summary

McDonnell Michael R. reported acquisition or exercise transactions in this Form 4 filing.

Baxter International Inc. director Michael R. McDonnell received an equity grant of 12,836 shares of common stock. The award was fully vested when granted and is subject to the terms and conditions of the applicable grant. Following this compensation grant, he holds 14,647 common shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McDonnell Michael R.

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 — 14,647 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 12,836 shares Shares after transaction: 14,647 shares Reported grant price: 0.0000 per share

3 metrics

Shares granted 12,836 shares Grant of fully vested common stock to director

Shares after transaction 14,647 shares Director’s direct holdings following the grant

Reported grant price 0.0000 per share Compensation grant of common stock

Key Terms

fully vested shares, grant, award, or other acquisition, Common Stock, $1 par value, Form 4

4 terms

fully vested shares financial

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

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

Common Stock, $1 par value financial

"security_title: Common Stock, $1 par value"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

McDonnell Michael R.

(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	14,647	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.

Remarks:

	/s/ Kimberly Olson, as attorney in-fact for Michael R. McDonnell	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) director Michael R. McDonnell report?

Michael R. McDonnell reported receiving a grant of 12,836 Baxter common shares. The Form 4 shows this as an acquisition under code A, reflecting a grant, award, or other acquisition rather than an open-market purchase or sale.

Was the Baxter (BAX) share grant to Michael R. McDonnell vested?

Yes. The footnote states McDonnell received a grant of fully vested Baxter common shares. Fully vested means the shares are not subject to additional vesting schedules, though they remain subject to the terms of the applicable grant agreement.

How many Baxter (BAX) shares does Michael R. McDonnell hold after this Form 4?

After the reported grant, McDonnell holds 14,647 Baxter common shares directly. This figure reflects his position immediately following the 12,836-share award disclosed in the Form 4 insider transaction report.

What does transaction code A mean in the Baxter (BAX) Form 4 filing?

In this Form 4, code A denotes a grant, award, or other acquisition of shares. For McDonnell, it represents an equity grant of 12,836 fully vested Baxter common shares, not an open-market purchase at a stated price per share.

Did Michael R. McDonnell buy or sell Baxter (BAX) shares on the market?

No market buy or sell is shown. The Form 4 reports an acquisition coded A, describing a grant or award of 12,836 fully vested Baxter common shares, with a reported price per share of 0.0000, typical for compensation grants.