Munsch Frederick 4

What Happened
Frederick Munsch, SVP, Controller and Chief Accounting Officer of Bausch & Lomb (BLCO), was credited with 12,498 shares as an acquisition/award on Feb 18, 2026 at a reported price of $0.00 (total $0 recorded). These shares represent performance stock units (PSUs) from a March 1, 2023 grant that satisfied the performance conditions on Feb 18, 2026; the earned PSUs will vest on March 1, 2026, generally subject to continued employment through that date. This is an earned compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely within the usual 2-business-day window).
• Reported transaction: Award/acquisition (code A) of 12,498 shares at $0.00.
• Reported value on Form 4: $0 (reflects award conversion, not market value).
• Shares owned after transaction: not specified in the filing.
• Footnote: These are PSUs originally granted 3/1/2023 that met performance conditions 2/18/2026; vesting occurs 3/1/2026, subject to continued employment.

Context
PSUs are contingent compensation: performance conditions were satisfied, but shares do not become vested until the stated vesting date and may be forfeited if employment ends before vesting. The $0 acquisition price on the Form 4 reflects an award conversion rather than a market purchase; the economic value will depend on BLCO’s stock price at vesting and any applicable tax withholdings. This filing is informational and does not by itself indicate buy/sell intent.