Bausch & Lomb (BLCO) officer has shares withheld for RSU tax
Rhea-AI Filing Summary
Bausch & Lomb Corp executive Andrew J. Stewart reported tax-related share dispositions tied to vesting of restricted share units. On February 26, he had 2,984 common shares withheld at $18.49 per share to cover tax obligations, leaving 92,656 common shares owned directly afterward.
On February 27, an additional 2,007 common shares were withheld at $18.30 per share for the same purpose, leaving him with 90,649 directly owned common shares following this transaction. These Form 4 entries reflect tax-withholding dispositions rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,991 shares
Net Sell
2 txns
Insider
Stewart Andrew J.
Role
President, GPIC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares, No Par Value | 2,007 | $18.30 | $37K |
| Exercise Price or Tax Liability | Common Shares, No Par Value | 2,984 | $18.49 | $55K |
Holdings After Transaction:
Common Shares, No Par Value — 90,649 shares (Direct)
Footnotes (1)
- F1. This number represents common shares withheld to satisfy the tax withholding obligations due upon vesting of restricted share units.
FAQ
What insider transactions did Bausch & Lomb (BLCO) report for Andrew J. Stewart?
Andrew J. Stewart reported two tax-withholding share dispositions. On February 26 and 27, common shares were withheld to satisfy taxes due on vesting of restricted share units, rather than being sold on the open market.
Were Andrew J. Stewart’s Bausch & Lomb (BLCO) transactions open-market sales?
No, the transactions were not open-market sales. They were coded as tax-withholding dispositions, meaning common shares were withheld by the company to satisfy tax liabilities arising from vesting restricted share units, according to the filing footnote.
What role does Andrew J. Stewart hold at Bausch & Lomb (BLCO)?
Andrew J. Stewart serves as an officer of Bausch & Lomb with the title “President, GPIC.” His reported Form 4 transactions relate to common shares withheld for tax obligations on vesting restricted share units, not discretionary market trades.
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