Bausch & Lomb (NYSE: BLCO) EVP awarded 35,046 restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hashad Yehia reported acquisition or exercise transactions in this Form 4 filing.
Bausch & Lomb Corp executive Yehia Hashad, EVP of R&D and CMO, received a grant of 35,046 restricted share units (RSUs) on common shares at a price of $0.00 per share. After this equity award, his directly held common shares total 198,906.
The RSUs were granted under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan and are scheduled to vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued service and plan terms. Vested RSUs will be settled in common shares of Bausch & Lomb.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hashad Yehia
Role
EVP of R&D and CMO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, No Par Value | 35,046 | $0.00 | -- |
Holdings After Transaction:
Common Shares, No Par Value — 198,906 shares (Direct)
Footnotes (1)
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FAQ
What insider equity award did Bausch & Lomb (BLCO) report for Yehia Hashad?
Bausch & Lomb reported that EVP of R&D and CMO Yehia Hashad received a grant of 35,046 restricted share units. These RSUs are part of his equity compensation and will convert into common shares over time if vesting conditions are satisfied.
How do the new RSUs granted to Yehia Hashad at BLCO vest?
The 35,046 restricted share units granted to Yehia Hashad vest in three equal installments. One-third of the RSUs vests on each of the first three anniversaries of the grant date, assuming he continues to serve and meets applicable plan and award conditions.
Did Yehia Hashad pay for the Bausch & Lomb RSUs reported on this Form 4?
The RSU grant to Yehia Hashad carried a reported transaction price of $0.00 per share. This indicates a compensatory equity award rather than an open-market purchase, consistent with grants made under the company’s 2022 Omnibus Incentive Plan.
How are Yehia Hashad’s Bausch & Lomb RSUs settled when they vest?
Once vested, Yehia Hashad’s restricted share units are settled in Bausch & Lomb common shares with no par value. This means each vested RSU converts into common stock, increasing his actual share ownership, subject to the plan and applicable award agreement.