Bausch & Lomb (BLCO) CEO Brent Saunders Receives 281,879-Share Award

What Happened

• Brent L. Saunders, Chairman of the Board and CEO of Bausch & Lomb Corporation (BLCO), was credited with 281,879 performance stock units (PSUs) on Aug 5, 2026 (reported Aug 7, 2026). The award is reported as an acquisition (code A) at $0.00 per share.
• On the same date, 4,231 common shares were withheld (disposed) to satisfy tax-withholding obligations at an effective price of $16.76 per share, totaling $70,912 (code F).

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (filed within the typical 2-business-day window).
• Award: 281,879 PSUs granted/earned at target performance (100%); reported acquisition price $0.00.
• Tax withholding: 4,231 shares withheld at $16.76 each = $70,912, reported as a disposal to cover taxes.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: The PSUs were originally granted Feb 28, 2024 under the 2022 Omnibus Incentive Plan and were earned at target performance as of Aug 5, 2026. The earned PSUs will vest on Feb 28, 2027, subject to continued employment. The withheld shares represent withholding to satisfy tax obligations.

Context

• This is primarily an award of performance-based equity, not an open-market purchase or sale. The 4,231-share disposal was a routine tax-withholding action, not an indication of an opportunistic sale.
• PSUs are subject to future vesting conditions; the economic benefit is delayed until vesting (Feb 28, 2027) and depends on continued employment.