Bailey A Robert D 4
Research Summary
AI-generated summary
Bausch & Lomb EVP Bailey A Robert D Sells Shares for Tax Withholding
What Happened
- Bailey A Robert D (EVP & Chief Legal Officer) disposed of a total of 5,856 Bausch & Lomb (BLCO) shares as tax-withheld shares tied to vested restricted share units (RSUs).
- Two withholding events: 3,395 shares at $18.49 each ($62,774) on 2026-02-26, and 2,461 shares at $18.30 each ($45,036) on 2026-02-27 — total value $107,810.
- This was not an open-market sale for cash profit but a routine withholding of shares to cover tax obligations upon RSU vesting.
Key Details
- Transaction dates and prices:
- 2026-02-26: 3,395 shares withheld at $18.49 (value $62,774)
- 2026-02-27: 2,461 shares withheld at $18.30 (value $45,036)
- Total shares withheld: 5,856; total value: $107,810.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Footnote: F1 — these shares were withheld to satisfy tax withholding obligations upon RSU vesting.
- Filing date: 2026-03-02 (transactions reported for 2026-02-26 and 2026-02-27). Filing timeliness was not flagged in the information provided here.
Context
- This is a common "cashless" withholding on vested RSUs: instead of selling shares on the open market, the company retains (withholds) a portion to cover taxes. Such withholdings are routine and do not necessarily indicate the insider's view of the company.