BAXTER INTERNATIONAL INC — Director's Dealing 2025

Sep 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2025-09-02

Reporting Person: Grade Joel T. (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-02	Common Stock, $1 par value	A	102712	—	Acquired	222560	Direct

Footnotes

F1: The reporting person received a grant of restricted stock units (RSUs) that are scheduled to vest on September 5, 2028, the first business day following the third anniversary of the grant date, subject to satisfaction of the related vesting requirements set forth in the Amended and Restated Baxter International Inc. 2021 Incentive Plan (the Plan). The RSUs will immediately vest if the reporting person's employment is terminated without Cause (as defined in the Plan).

F2: Total includes the automatic reinvestment of dividends and shares held in the Baxter's Employee Stock Plan.