BRENT L. SAUNDERS - 21 Jul 2025 Form 4 Insider Report for Bausch & Lomb Corp (BLCO)

Role
CEO and Chairman of the Board, Director
Signature
/s/ Debra E. Levin, attorney-in-fact
Issuer symbol
BLCO
Transactions as of
21 Jul 2025
Transactions value $
$0
Form type
4
Filing time
23 Jul 2025, 17:35:29 UTC
Previous filing
27 Jun 2025
Next filing
07 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SAUNDERS BRENT L CEO and Chairman of the Board, Director C/O BAUSCH + LOMB CORPORATION, 520 APPLEWOOD CRESCENT, VAUGHAN, ONTARIO, CANADA /s/ Debra E. Levin, attorney-in-fact 23 Jul 2025 0001268854

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BLCO Performance Stock Units Award $0 +150K +20% $0.00 900K 21 Jul 2025 Common Shares, No Par Value 900K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an amendment on July 21, 2025 (the "Amendment") to an award of performance stock units ("PSUs") originally granted to the reporting person under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (as amended and restated, the "Plan") on February 23, 2023 (the "New Hire PSUs"). Each PSU reflects the right to receive one common share, no par value, of the Issuer, subject to the terms of the Plan.
F2 Pursuant to the Amendment, the New Hire PSUs may be earned and vest between 120% and 330% of the target award on February 23, 2029 (the "Measurement End Date") based on the level of achievement of (i) specified share-price hurdle goals and (ii) a cumulative Adjusted EBITDA performance modifier goal, subject generally to the reporting person's continued employment through the Measurement End Date.
F3 The reporting person previously reported beneficial ownership of the target number of common shares underlying the New Hire PSUs (750,000 common shares) in the reporting person's Form 3 filed on March 6, 2023. As a result of the Amendment, the reporting person is now reporting the acquisition of beneficial ownership of an additional 150,000 PSUs pursuant to the New Hire PSU, which collectively reflects beneficial ownership of the minimum number of shares that are eligible to vest on the Measurement End Date (900,000 common shares) as a result of the Amendment.