Bausch & Lomb (BLCO) CFO receives 81,775 RSU award, boosting holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bausch & Lomb Corp reported that EVP and CFO Sam Eldessouky acquired 81,775 common shares through a grant of restricted share units (RSUs) at a price of $0.00 per share. After this award, he directly holds 473,169 common shares.
The RSUs were granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan. They are scheduled to vest in three equal installments on each of the first three anniversaries of the grant date, generally requiring his continued service. Once vested, the RSUs will be settled in common shares of Bausch & Lomb Corporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Eldessouky Sam
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, No Par Value | 81,775 | $0.00 | -- |
Holdings After Transaction:
Common Shares, No Par Value — 473,169 shares (Direct)
Footnotes (1)
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FAQ
What did Bausch & Lomb (BLCO) disclose about CFO Sam Eldessouky’s latest equity grant?
Bausch & Lomb disclosed that CFO Sam Eldessouky received a grant of 81,775 restricted share units. These RSUs were awarded under the company’s 2022 Omnibus Incentive Plan and will convert into common shares as they vest over a three-year period.
What are the vesting terms of the 81,775 RSUs reported in BLCO’s Form 4?
The 81,775 restricted share units are scheduled to vest one-third on each of the first three anniversaries of the grant date. Vesting is generally contingent on the executive’s continued service and the conditions specified in the incentive plan and award agreement.
Were any cash purchases or open-market sales involved in this BLCO Form 4 filing?
No cash purchases or open-market sales were reported. The Form 4 shows a grant of restricted share units at a price of $0.00 per share, reflecting an equity-based compensation award rather than a market transaction involving cash consideration.
How will the newly granted BLCO RSUs be settled when they vest?
When the RSUs vest, they will be settled in common shares of Bausch & Lomb Corporation. The award terms specify that vested restricted share units convert into the company’s no-par-value common shares, increasing the executive’s actual share ownership at each vesting date.