Director receives 5,255 RSUs at Bausch & Lomb (NYSE: BLCO)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bausch & Lomb Corp reported that director Steven H. Collis acquired 5,255 common shares through an annual grant of restricted share units (RSUs) for non-employee directors. The RSUs were granted at no cash cost and are scheduled to vest immediately before the company’s next annual shareholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COLLIS STEVEN H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, No Par Value | 5,255 | $0.00 | -- |
Holdings After Transaction:
Common Shares, No Par Value — 5,255 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BLCO director Steven H. Collis report?
Director Steven H. Collis reported receiving an annual equity award of 5,255 restricted share units. These RSUs are part of Bausch & Lomb’s 2022 Omnibus Incentive Plan for non-employee directors and are settled in common shares when they vest before the next annual shareholder meeting.
Was the BLCO director’s RSU grant a purchase or a compensation award?
The transaction is a compensation award, not a market purchase. Collis received 5,255 restricted share units as his annual non-employee director grant at a stated price of $0.00 per share under Bausch & Lomb’s 2022 Omnibus Incentive Plan, as amended and restated.
When do Steven H. Collis’s BLCO RSUs vest?
The restricted share units granted to Steven H. Collis are scheduled to vest immediately before Bausch & Lomb’s next annual meeting of shareholders. Upon vesting, the RSUs will be settled in common shares of the company, increasing his direct equity holdings accordingly under the incentive plan.
What plan governs the BLCO director’s 5,255 RSU award?
The 5,255 restricted share units were granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan, as amended and restated. This plan covers equity-based compensation for eligible participants, including non-employee directors who receive annual RSU awards instead of cash-only compensation for board service.