4//SEC Filing
Martin Sean 4
Accession 0001062993-22-004281
CIK 0000010456other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 4:16 PM ET
Size
8.9 KB
Accession
0001062993-22-004281
Insider Transaction Report
Form 4
Martin Sean
CVP and General Counsel
Transactions
- Award
Common Stock, $1 par value
2022-02-10+1,604→ 43,983 total - Award
Common Stock, $1 par value
2022-02-10+4,636→ 48,619 total - Tax Payment
Common Stock, $1 par value
2022-02-10$87.75/sh−2,675$234,731→ 45,944 total
Footnotes (3)
- [F1]Represents shares awarded from the performance share unit award granted on February 28, 2019 pursuant to the Equity Plan adopted by Baxter International Inc. (Baxter) as of such date (the 2019 PSUs). The award provided that fifty percent of the performance share units are earned based on Baxter's Adjusted Operating Margin (OM) performance, as assessed annually over a three-year period. One-third of the OM performance share units are allocated to each one-year period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's OM during the January 1, 2021 to December 31, 2021 performance period. These shares have vested as the relevant three-year performance period January 1, 2019 to December 31, 2021 (the Three-Year Performance Period) has ended.
- [F2]Represents shares awarded from the 2019 PSUs. The award provides that fifty percent of the performance share units are earned based on Baxter's Total Shareholder Return (TSR) performance over the Three-Year Performance Period. The number of shares reported on this Form 4 represents the shares awarded based on Baxter's TSR during the Three-Year Performance Period. These shares have vested as the Three-Year Performance Period has ended.
- [F3]Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the vesting of shares in 2019, 2020, and 2021 as part of the 2019 PSUs.
Issuer
BAXTER INTERNATIONAL INC
CIK 0000010456
Entity typeother
Related Parties
1- filerCIK 0001500332
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 4:16 PM ET
- Size
- 8.9 KB