Form 4: Bausch Health CEO Thomas Appio Acquires Shares, then Disposes of Shares for Tax Obligations

Bausch Health Companies Inc. CEO Thomas Appio acquired shares through restricted share units and subsequently disposed of shares to cover tax withholding obligations.

Summary

• On February 29, 2024, Thomas Appio, CEO of Bausch Health Companies Inc., acquired 519,328 common shares through restricted share units (RSUs) at a price of $0.
• These RSUs vest in two equal installments on the first two anniversaries of the grant date, contingent upon continued service.
• On March 1, 2024, Appio disposed of a total of 117,086 common shares to satisfy tax withholding obligations related to the vesting of the RSUs.
• The disposal prices were $9.89 per share.
• Following these transactions, Appio directly owns 1,369,356 common shares.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual or concerning activity. The sentiment is neutral.

Positives

• The acquisition of shares via RSUs aligns the CEO's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the CEO.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates