Form 4: Bausch Health Director Robert Power Acquires Shares Through RSU Grant

Director Robert Power acquired 54,347 common shares of Bausch Health Companies Inc. through a restricted share unit (RSU) grant.

Summary

• Robert N Power, a director of Bausch Health Companies Inc., acquired 54,347 common shares on May 16, 2025, through a grant of restricted share units (RSUs).
• The RSUs were awarded to non-employee directors following their election at the Issuer's Annual Meeting of Shareholders.
• The RSUs have a grant date value equal to $250,000.
• These RSUs vest immediately prior to the Issuer's next Annual Meeting of Shareholders and will be settled in common shares.
• Following the transaction, Power directly owns 254,723 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant is a standard practice and indicates confidence in the company's future performance. It aligns director interests with shareholders.

Positives

• The RSU grant aligns the interests of non-employee directors with those of shareholders.
• The immediate vesting of the RSUs prior to the next Annual Meeting encourages continued service and oversight.

Future Outlook

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

Industry Context

RSU grants are a common form of compensation for directors, aligning their interests with shareholders and incentivizing long-term value creation. The size of the grant is typical for directors of publicly traded companies.

Comparison to Industry Standards

• Director compensation packages, including RSU grants, vary significantly across the pharmaceutical and healthcare industries.
• Companies like AbbVie and Johnson & Johnson also utilize RSU grants as part of their director compensation, with grant values often tied to company performance and market capitalization.
• The $250,000 grant value is within the typical range for directors of companies with a similar market capitalization to Bausch Health.

Stakeholder Impact

• The RSU grant aligns the interests of the director with those of shareholders, potentially leading to better corporate governance and decision-making.
• The increased ownership stake of the director may signal confidence in the company's future prospects.

Next Steps

• The RSUs will vest prior to the next Annual Meeting of Shareholders.
• The acquired shares will be held by the director.

Key Dates

Keywords

Bausch Health Companies Inc., Robert N Power, Director, RSU, Restricted Share Units, Share Acquisition, Beneficial Ownership, Form 4