Form 4: Bausch & Lomb EVP and CFO Sam Eldessouky Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sam Eldessouky, EVP and CFO of Bausch & Lomb, reports the disposition of 4,854 common shares to cover tax obligations upon vesting of restricted share units on March 1, 2024.
Summary
- On March 1, 2024, Sam Eldessouky, the EVP and CFO of Bausch & Lomb Corp, disposed of 4,854 common shares.
- The shares were disposed of to satisfy tax withholding obligations due upon the vesting of restricted share units.
- The transaction price was $16.47 per share.
- Following the transaction, Eldessouky directly owns 243,780 common shares of Bausch & Lomb Corp.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposition of common shares to cover tax obligations. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.