327,102-share RSU award to Bausch & Lomb (BLCO) CEO Brent Saunders
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SAUNDERS BRENT L reported acquisition or exercise transactions in this Form 4 filing.
Bausch & Lomb Corp CEO and chairman Brent L. Saunders received an equity grant of 327,102 restricted share units under the company’s 2022 Omnibus Incentive Plan. These RSUs vest in three equal annual installments and settle in common shares upon vesting. After this award, he holds 998,583 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SAUNDERS BRENT L
Role
CEO and Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, No Par Value | 327,102 | $0.00 | -- |
Holdings After Transaction:
Common Shares, No Par Value — 998,583 shares (Direct)
Footnotes (1)
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FAQ
What equity award did Bausch & Lomb (BLCO) CEO Brent Saunders receive?
Brent Saunders received a grant of 327,102 restricted share units. The award was issued under Bausch & Lomb’s 2022 Omnibus Incentive Plan and represents additional equity-based compensation tied to his ongoing leadership and future service with the company.
How do Brent Saunders’ new RSUs at Bausch & Lomb (BLCO) vest?
The 327,102 restricted share units vest one-third on each of the first three anniversaries of the grant date. Vesting is generally conditioned on Brent Saunders’ continued service and the terms of the incentive plan and applicable award agreement.
What happens to Bausch & Lomb (BLCO) RSUs when they vest for Brent Saunders?
When the restricted share units vest, they are settled in Bausch & Lomb common shares. This means Brent Saunders will receive actual common shares upon each vesting date, increasing his direct share ownership if he continues to satisfy service conditions.
Under which plan were the new Bausch & Lomb (BLCO) RSUs granted to the CEO?
The restricted share units were granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan, as amended and restated. This plan governs the terms, vesting conditions, and settlement mechanics for equity awards granted to eligible participants.
Are Brent Saunders’ new Bausch & Lomb (BLCO) RSUs subject to continued service?
Yes, the RSUs generally require Brent Saunders’ continued service to Bausch & Lomb to vest. One-third of the units vest on each of the first three anniversaries of the grant date, subject to the plan and related award agreement conditions.