Form 4: Bausch & Lomb Director Karen Ling Receives Stock Grant

Director Karen Ling acquired 2,642 common shares of Bausch & Lomb Corp through a restricted stock unit (RSU) grant.

Summary

• On March 5, 2024, Karen Ling, a director of Bausch & Lomb Corp, acquired 2,642 common shares.
• The acquisition was through a grant of restricted stock units (RSUs) under the company's 2022 Omnibus Incentive Plan.
• The price per share for the RSU grant was $0.
• The RSUs are scheduled to vest immediately prior to the next annual meeting of shareholders.
• Following the transaction, Karen Ling beneficially owns 2,642 common shares.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service until the next annual meeting.

Future Outlook

The RSUs are scheduled to vest immediately prior to the next annual meeting of shareholders, indicating an expectation of continued service and alignment with shareholder interests.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with those of the shareholders. The specific terms of the grant, such as the vesting schedule, are tailored to the company's specific needs and circumstances.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as RSUs, are a standard component of director compensation in publicly traded companies like Bausch & Lomb.
• The size and vesting schedule of the RSU grant are likely benchmarked against peer companies in the healthcare and pharmaceutical industries.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Next Steps

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

Key Dates