Form 4: Bausch & Lomb Director Brett Icahn Receives Stock Grant

Director Brett Icahn reports receiving 14,696 common shares of Bausch & Lomb Corp as part of an annual restricted stock unit (RSU) grant.

Summary

• On August 2, 2024, Brett Icahn, a director of Bausch & Lomb Corp, acquired 14,696 common shares of the company.
• This acquisition was due to the annual grant of restricted stock units (RSUs) under the company's 2022 Omnibus Incentive Plan.
• The RSUs vest immediately prior to the next annual meeting of shareholders and are settled in common shares.
• Following this transaction, Icahn's total beneficial ownership in Bausch & Lomb Corp is 40,809 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director interests with shareholders. The sentiment is moderately positive.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Future Outlook

The RSUs are scheduled to vest immediately prior to the next annual meeting of shareholders.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard practice across publicly listed companies to incentivize performance and align interests with shareholders.
• The size of the grant is typical for director compensation packages in companies of similar size and industry to Bausch & Lomb.
• Companies like Johnson & Johnson and Novartis also utilize stock grants as part of their director compensation.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has a minor dilutive effect on existing shareholders.

Next Steps

• The RSUs will vest immediately prior to the next annual meeting of shareholders.

Key Dates