APPIO THOMAS 4
4 · Bausch Health Companies Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Bausch Health (BHC) CEO Thomas Appio Receives 1.14M-Share Award
What Happened
Thomas Appio, CEO of Bausch Health Companies Inc. (BHC), was credited with 1,137,862 performance-based restricted share units (PSUs) on February 9, 2026. The award is reported as an acquisition at $0.00 (total reported value $0) because these are equity compensation units rather than an open-market purchase. The PSUs were earned after the Board’s Talent and Compensation Committee certified achievement of the applicable financial performance metrics for the 2023–2025 performance period.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares/units credited: 1,137,862 PSUs; reported acquisition price $0.00 (no cash paid).
- Shares owned after transaction: not specified in the filing.
- Footnote: These are performance-based RSUs originally granted March 2, 2023; they were earned upon certification of performance but remain subject to a service-based vesting condition through March 2, 2026. The company will deliver the earned common shares as soon as administratively practicable after that service vesting condition is met.
- No 10b5-1 plan or tax-withholding details disclosed in this filing.
Context
PSUs are compensation awards that convert into company shares only if performance targets are met and any service/vesting conditions lapse; they are not open-market purchases or sales. Such grants reflect compensation outcomes tied to past performance periods and do not, by themselves, indicate the insider’s intent to buy or sell stock.
Insider Transaction Report
- Award
Common Shares, No Par Value
[F1]2026-02-09+1,137,862→ 2,921,111 total
Footnotes (1)
- [F1]Reflects performance-based restricted share units ("PSUs"), originally granted to the Reporting Person on March 2, 2023, which were earned, on February 9, 2026, upon certification by the Talent and Compensation Committee of the Board of Directors of the Issuer of the level of achievement of the financial performance metrics applicable to the PSUs for the performance period from January 1, 2023 through December 31, 2025. The PSUs remain subject to a service-based vesting condition through March 2, 2026. Subject to the satisfaction by the Reporting Person of the service-based vesting condition, the Issuer will deliver to the Reporting Person the number of Common Shares earned based on achievement of the financial performance metrics as soon as administratively practicable thereafter.