Bausch & Lomb (BLCO) EVP Robert D. Bailey Receives 33,557-Share Award

What Happened Robert D. Bailey, EVP & Chief Legal Officer of Bausch & Lomb Corporation (BLCO), was credited with 33,557 common shares on August 5, 2026 as an award (recorded as an acquisition at $0.00). These shares represent performance stock units (PSUs) that satisfied the applicable performance conditions at the target (100%) level. There was no cash payment for this award; the Form 4 reports an award acquisition rather than an open-market purchase or sale.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely filing).
• Transaction type/code: A (award / grant / other acquisition); price reported $0.00; total reported value $0.
• Shares involved: 33,557 common shares (PSU-based).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: These shares represent PSUs originally granted Feb 28, 2024 that satisfied performance conditions at 100% as of Aug 5, 2026. The earned PSUs will vest on Feb 28, 2027, subject to Mr. Bailey’s continued employment.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares.

Context This was an earned equity award (performance-based RSU/PSU), not an open-market purchase or sale. Because the PSUs have satisfied performance conditions but do not vest until Feb 28, 2027 (contingent on continued employment), these awards do not immediately translate into free, tradable shares. Such awards are a common form of executive compensation and reflect achievement of pre-set performance metrics rather than an insider buying or selling stock for investment reasons.