Form 4: Bausch & Lomb EVP A. Robert D. Bailey Reports Stock and Option Grants

EVP and Chief Legal Officer A. Robert D. Bailey reports acquisition of restricted stock units and stock options in Bausch & Lomb Corp.

Summary

• On February 28, 2024, A. Robert D. Bailey, EVP & Chief Legal Officer of Bausch & Lomb Corp, reported the acquisition of 33,557 common shares through restricted stock units (RSUs) and 101,626 stock options.
• The RSUs vest in equal installments over three years from the grant date.
• The stock options also vest in equal installments over three years from the grant date and expire ten years from the grant date.
• Following these transactions, Bailey beneficially owns 154,057 common shares and 101,626 stock options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, aligning management with shareholder interests. There are no indications of negative events or concerns.

Positives

• The grant of RSUs and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The vesting of RSUs and stock options is contingent upon continued service, suggesting an expectation of ongoing contributions from the executive.

Industry Context

Stock option and RSU grants are common forms of executive compensation in publicly traded companies, aligning management incentives with shareholder value creation.

Comparison to Industry Standards

• Executive compensation packages, including stock options and RSUs, are standard practice among publicly traded companies like Bausch & Lomb.
• Comparable companies such as Johnson & Johnson, Novartis, and Alcon also utilize similar equity-based compensation plans to incentivize their executives.
• The vesting schedules, typically over a 3-year period, are also in line with industry norms to ensure long-term commitment.

Stakeholder Impact

• Shareholders: The grants align executive interests with shareholder value.
• Employees: The grants may serve as a motivational tool for other employees.
• Executive: The grants provide an incentive for continued service and performance.

Key Dates