Bausch Health (NYSE: BHC) CFO reports tax-withholding share disposition
Rhea-AI Filing Summary
Bausch Health Companies Inc. executive vice president and CFO Jean-Jacques Charhon reported a tax-related share disposition. On the vesting of Restricted Share Units, 49,060 common shares at $5.93 per share were withheld to cover tax obligations, a non-market transaction. After this withholding, Charhon directly holds 706,478 common shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 49,060 shares
Net Sell
1 txn
Insider
Charhon Jean-Jacques
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares, No Par Value | 49,060 | $5.93 | $291K |
Holdings After Transaction:
Common Shares, No Par Value — 706,478 shares (Direct)
Footnotes (1)
- F1. This number represents common shares, no par value, of the Issuer withheld to satisfy the tax withholding obligations due upon vesting of Restricted Share Units.
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FAQ
What did Bausch Health (BHC) executive Jean-Jacques Charhon report on this Form 4?
Jean-Jacques Charhon reported a tax-withholding disposition of Bausch Health common shares. 49,060 shares were withheld to satisfy taxes due upon RSU vesting, rather than sold in the open market, and these are recorded as a disposal.
Was the Bausch Health (BHC) Form 4 transaction an open-market sale by Charhon?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to pay taxes due upon Restricted Share Unit vesting, as described in the footnote, rather than sold at Charhon’s discretion on the market.
What does transaction code F mean in the Bausch Health (BHC) Form 4 for Charhon?
Transaction code F indicates payment of an exercise price or tax liability using securities. In this case, 49,060 Bausch Health shares were withheld to satisfy Charhon’s tax obligations when Restricted Share Units vested, consistent with a standard tax-settlement mechanism.