Bausch & Lomb (BLCO) SVP awarded 18,253 restricted share units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Munsch Frederick reported acquisition or exercise transactions in this Form 4 filing.
Bausch & Lomb Corporation Senior Vice President, Controller and Chief Accounting Officer Frederick Munsch received an equity award of 18,253 common shares in the form of restricted share units. The grant was made at no cash cost to him as part of the company’s 2022 Omnibus Incentive Plan.
The RSUs are scheduled to vest in three equal installments on each of the first three anniversaries of the grant date, subject to his continued service and the plan and award agreement terms. After this award, he beneficially owns 108,484 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Munsch Frederick
Role
SVP, Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, No Par Value | 18,253 | $0.00 | -- |
Holdings After Transaction:
Common Shares, No Par Value — 108,484 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Bausch & Lomb (BLCO) report for Frederick Munsch?
Bausch & Lomb reported that Frederick Munsch received an award of 18,253 common shares through restricted share units. The grant was made at no cash cost and is part of his equity-based compensation, increasing his direct holdings to 108,484 common shares.
What type of securities did Frederick Munsch acquire in this BLCO Form 4?
Frederick Munsch acquired restricted share units representing common shares, no par value, of Bausch & Lomb Corporation. These RSUs are granted under the company’s 2022 Omnibus Incentive Plan and will be settled in common shares upon vesting, subject to plan and award agreement terms.
How do the Bausch & Lomb RSUs granted to Frederick Munsch vest over time?
The restricted share units granted to Frederick Munsch vest in three equal installments. One-third of the RSUs is scheduled to vest on each of the first three anniversaries of the grant date, assuming he continues in service and satisfies the conditions in the plan and award agreement.
Did Frederick Munsch pay cash for the 18,253 Bausch & Lomb RSUs reported?
No cash payment was made for the 18,253 restricted share units. The Form 4 shows a grant or award acquisition at a price per share of 0.0000, reflecting equity compensation rather than an open-market stock purchase by Frederick Munsch.
Under which plan were the Bausch & Lomb RSUs granted to Frederick Munsch?
The RSUs were granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan, as amended and restated. This plan governs equity awards like restricted share units, including vesting schedules, continued service requirements, and settlement into common shares upon vesting.