Carson Seana 4

What Happened
Carson Seana, EVP and General Counsel of Bausch Health (BHC), was credited with 137,922 performance-based restricted share units (PSUs) on February 9, 2026. The Form 4 reports the award with an acquisition price of $0.00 (code A), indicating these were granted/earned PSUs rather than a purchase. The PSUs were certified as earned based on financial performance for the 2023–2025 period but remain subject to a service-based vesting condition through March 2, 2026.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares awarded: 137,922 PSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: PSUs were originally granted Mar 2, 2023 and were certified earned on Feb 9, 2026 based on the Talent & Compensation Committee’s determination of financial-metric achievement (performance period Jan 1, 2023–Dec 31, 2025). PSUs still require the reporting person to satisfy a service-based vesting condition through Mar 2, 2026; delivery of earned shares will occur as soon as administratively practicable thereafter.
• No 10b5-1 plan, tax-withholding, or immediate sale noted in the filing.

Context
This is an award of performance-based RSUs that have been earned based on company financial results but are not yet fully vested into deliverable shares — a common long-term incentive for executives. Because the award is not a purchase or sale, it does not directly signal buying or selling intent; the eventual issuance of shares depends on the remaining service vesting condition.