Bausch & Lomb (BLCO) EVP uses share withholding to cover tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
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
3 transactions reported
Mixed
3 txns
Insider
Hashad Yehia
Role
EVP of R&D and CMO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, No Par Value | 5,075 | $18.30 | $93K |
| Tax Withholding | Common Shares, No Par Value | 11,621 | $18.30 | $213K |
| Tax Withholding | Common Shares, No Par Value | 2,169 | $18.49 | $40K |
Holdings After Transaction:
Common Shares, No Par Value — 191,662 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 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.