Lee Frank D. 4

What Happened

• Frank D. Lee, a director of Bausch Health Companies Inc. (BHC), was granted 45,871 restricted share units (RSUs) on 2026-05-22. The Form 4 reports an acquisition at $0.00 (standard for grants); the RSUs have a grant-date value of $250,000 and will be settled in common shares. The grant vests on the date immediately preceding the company’s next Annual Meeting of Shareholders.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-26 (filed four days after the transaction).
• Amount: 45,871 RSUs; price reported: $0.00; grant-date value: $250,000 (per filing footnote).
• Vesting/settlement: RSUs vest immediately before the next annual meeting and will be settled in common shares.
• Footnote: RSUs are granted to non‑employee directors on the third business day following their election at the Annual Meeting (per F1).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed several days after the grant; Form 4s are typically due within two business days, so this may be a late filing.

Context

• This transaction is a standard director compensation award (code A = award/grant), not a market purchase or sale. RSU grants are common for non-employee directors and do not by themselves indicate buying or selling sentiment. There is no indication in the filing of tax-withholding sales or a 10b5-1 plan related to this grant.