Bausch & Lomb (BLCO) EVP uses share withholding to cover tax on RSU vesting
Rhea-AI Filing Summary
Bausch & Lomb Corp executive Yehia Hashad reported tax-related share dispositions. On February 26–27, he had several Form 4 transactions coded "F," where common shares were withheld at prices around $18.30–$18.49 to cover tax obligations upon vesting of restricted and performance-based restricted share units. After one February 27 transaction, he held 180,041 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,865 shares
Net Sell
3 txns
Insider
Hashad Yehia
Role
EVP of R&D and CMO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares, No Par Value | 5,075 | $18.30 | $93K |
| Exercise Price or Tax Liability | Common Shares, No Par Value | 11,621 | $18.30 | $213K |
| Exercise Price or Tax Liability | Common Shares, No Par Value | 2,169 | $18.49 | $40K |
Holdings After Transaction:
Common Shares, No Par Value — 180,041 shares (Direct)
Footnotes (2)
- F1. This number represents common shares withheld to satisfy the tax withholding obligations due upon vesting of restricted share units.
- F2. This number represents common shares withheld to satisfy the tax withholding obligations due upon vesting of performance-based restricted share units.
FAQ
What did Bausch & Lomb (BLCO) executive Yehia Hashad report in this Form 4?
Yehia Hashad reported several Form 4 transactions where common shares were withheld to cover tax obligations. These were tied to vesting of restricted and performance-based restricted share units, rather than open-market buying or selling of Bausch & Lomb stock.
Were the BLCO Form 4 transactions by Yehia Hashad open-market sales?
No, the transactions were not open-market sales. They were coded "F," meaning shares were withheld to pay tax liabilities upon vesting of restricted and performance-based restricted share units, a common administrative mechanism rather than a discretionary decision to sell shares in the market.
What do the footnotes in Yehia Hashad’s BLCO Form 4 disclose about the transactions?
The footnotes explain the reported numbers represent common shares withheld to satisfy tax withholding obligations. These obligations arose when restricted share units and performance-based restricted share units vested, clarifying that the dispositions were administrative tax events rather than elective sales of BLCO shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.