Form 4: Bausch Health Director Brett Icahn Reports Acquisition and Disposal of Shares

Director Brett Icahn reports acquisition of restricted share units and disposal of common shares of Bausch Health Companies Inc.

Summary

• Brett Icahn, a director of Bausch Health Companies Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 17, 2024, Icahn acquired 35,360 common shares through the award of restricted share units (RSUs).
• These RSUs were granted to non-employee directors following their election at the Issuer's Annual Meeting of Shareholders.
• The RSUs have a grant date value of $250,000, vest immediately prior to the Issuer's next Annual Meeting of Shareholders, and are settled in common shares.
• On the same day, Icahn disposed of 35,360 common shares.
• Following these transactions, Icahn beneficially owns 143,860 common shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing share transactions.

Positives

• The grant of RSUs to non-employee directors aligns their interests with those of shareholders.

Future Outlook

The RSUs vest immediately prior to the Issuer's next Annual Meeting of Shareholders and are settled in common shares.

Industry Context

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

Key Dates