Garcia Christian A 4

What Happened

• Christian A. Garcia, a director of Bausch Health Companies Inc. (BHC), was granted 45,871 restricted share units (RSUs) on 2026-05-22. The filing shows the award priced at $0.00 (code A — award/grant); the grant has a stated grant-date value of $250,000 per the filing footnote. The RSUs will be settled in common shares and vest on the date immediately preceding the issuer’s next Annual Meeting of Shareholders.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-26 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A); price recorded $0.00 because this is an equity award, not an open-market trade.
• Shares granted: 45,871 RSUs; grant-date value: $250,000 (per footnote).
• Settlement/vesting: Settled in common shares; vests immediately before the next annual meeting.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote summary: RSUs granted to non-employee directors, granted on the third business day following their election at the annual meeting, vest on the day before the next annual meeting, and are settled in common shares.

Context

• This is a routine director compensation award rather than an open-market purchase or sale. Such grants are common for non-employee directors and do not, by themselves, indicate the director’s personal sentiment about the stock.
• Because the RSUs vest in the future and will be settled in shares, they will increase outstanding shares when settled but do not represent an immediate cash transaction or sale.