Bausch & Lomb (NYSE: BLCO) SVP disposes shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bausch & Lomb Corp senior vice president, controller and chief accounting officer Frederick Munsch reported multiple share dispositions related to tax withholding. On February 27, he disposed of 2,437 and 5,692 common shares at $18.30 per share through tax-withholding transactions. On February 26, he disposed of an additional 2,042 common shares at $18.49 per share, also for tax withholding.
According to the footnotes, these shares were withheld to cover tax obligations due upon the vesting of restricted share units and performance-based restricted share units, rather than being discretionary open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Munsch Frederick
Role
SVP, Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, No Par Value | 2,437 | $18.30 | $45K |
| Tax Withholding | Common Shares, No Par Value | 5,692 | $18.30 | $104K |
| Tax Withholding | Common Shares, No Par Value | 2,042 | $18.49 | $38K |
Holdings After Transaction:
Common Shares, No Par Value — 104,005 shares (Direct)
Footnotes (1)
- This number represents common shares withheld to satisfy the tax withholding obligations due upon vesting of restricted share units. This number represents common shares withheld to satisfy the tax withholding obligations due upon vesting of performance-based restricted share units.
FAQ
What insider transactions did BLCO executive Frederick Munsch report?
Frederick Munsch reported three tax-related share dispositions. On February 27 he disposed of 2,437 and 5,692 common shares at $18.30, and on February 26 he disposed of 2,042 shares at $18.49, all to satisfy tax withholding obligations.
What type of BLCO securities were involved in Frederick Munsch’s Form 4?
All reported transactions involve Common Shares, No Par Value of Bausch & Lomb Corp. These common shares were withheld in connection with vesting of restricted share units and performance-based restricted share units to satisfy related tax liabilities.
What does transaction code F mean in the BLCO Form 4 for Frederick Munsch?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this filing, it reflects common shares withheld to cover tax withholding obligations when restricted share units and performance-based restricted share units vested for Frederick Munsch.