Thomas Appio - Sep 1, 2021 Form 4 Insider Report for Bausch Health Companies Inc. (BHC)

Role: Pres&Co-Head Bausch&Lomb/Int'l
Signature: /s/ Kirsten O'Donnell, attorney-in-fact for Thomas Appio
Stock symbol: BHC
Transactions as of: Sep 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/3/2021, 04:09 PM
Next filing: Dec 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BHC	Common Shares, No Par Value	Award	$0	+90.3K	+39.17%	$0.00	321K	Sep 1, 2021	Direct	F1

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	BHC	Restricted Share Units	Award	$0	+90.3K		$0.00	90.3K	Sep 1, 2021	Common Shares, No Par Value	90.3K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the award of restricted share units ("RSUs") which will vest one-third on each of the first three anniversaries following the date of grant, subject to the reporting person's continued service. Vested RSUs are settled in common shares, no par value, of the Issuer ("Common Shares").
F2	Represents a grant of performance-based RSUs ("PSUs"), each of which represents a contingent right to receive one Common Share. The number of Common Shares to be distributed upon the vesting of the PSUs will be determined by the Issuer's Total Shareholder Return ("TSR"), as measured for the 20 trading days preceding the TSR measurement date, and will be between 0% to 200% of the PSU target reported in Column 5.

Content

Represents the award of restricted share units ("RSUs") which will vest one-third on each of the first three anniversaries following the date of grant, subject to the reporting person's continued service. Vested RSUs are settled in common shares, no par value, of the Issuer ("Common Shares").

Represents a grant of performance-based RSUs ("PSUs"), each of which represents a contingent right to receive one Common Share. The number of Common Shares to be distributed upon the vesting of the PSUs will be determined by the Issuer's Total Shareholder Return ("TSR"), as measured for the 20 trading days preceding the TSR measurement date, and will be between 0% to 200% of the PSU target reported in Column 5.