Soriano Maria Cecilia 4

What Happened

• Maria Cecilia Soriano, Group President, ITT & Pharma at Baxter International (BAX), had 2,848 shares withheld/forfeited to cover tax withholding related to the settlement of vested restricted stock units. The shares were valued at $17.69 each, totaling $50,381.
• This was a tax-withholding disposition (transaction code F), not an open-market sale — shares were surrendered to the company to satisfy taxes due on RSU vesting.

Key Details

• Transaction date: 2026-03-06; Form filed: 2026-03-10 (filed within the required 2 business days).
• Price: $17.69 per share; total value of forfeited shares: $50,381.
• Nature of transaction: tax withholding (F) to cover taxes from delivery of shares on March 6, 2026, arising from RSUs granted on March 6, 2024 and March 6, 2025 (footnote F1).
• Shares owned after transaction: not specified in this filing.

Context

• This is a routine tax-withholding action tied to RSU vesting — common for executives when restricted stock units vest. It does not represent a market sale that signals trading intent.
• For retail investors, purchases or open-market insider buys are generally more informative than withholding/forfeiture events like this one.