RSU tax withholding adjusts Bausch & Lomb (NYSE: BLCO) holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bausch & Lomb Corp executive Robert D. Bailey, EVP & Chief Legal Officer, reported a routine tax-related share disposition. On this Form 4, 15,806 common shares were withheld at $15.82 per share to cover tax withholding obligations from vesting restricted share units. Following this withholding, Bailey directly holds 230,684 common shares, indicating this was not an open-market sale but a standard mechanism to satisfy taxes due at vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bailey A Robert D
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares, No Par Value | 15,806 | $15.82 | $250K |
Holdings After Transaction:
Common Shares, No Par Value — 230,684 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 15,806 shares
Recorded share value: $15.82 per share
Shares held after transaction: 230,684 shares
3 metrics
Shares withheld for taxes
15,806 shares
Tax-withholding disposition on restricted share unit vesting
Recorded share value
$15.82 per share
Value used for the 15,806 withheld common shares
Shares held after transaction
230,684 shares
Direct common share holdings following tax withholding
Key Terms
restricted share units, tax withholding obligations, Common Shares, No Par Value
3 terms
tax withholding obligations financial
"common shares withheld to satisfy the tax withholding obligations"
FAQ
What insider transaction did Bausch & Lomb (BLCO) report for Robert D. Bailey?
Bausch & Lomb reported that EVP & Chief Legal Officer Robert D. Bailey had 15,806 common shares withheld. The shares were used to satisfy tax withholding obligations arising from the vesting of restricted share units, rather than being sold in the open market.
Was the Bausch & Lomb (BLCO) Form 4 for Robert D. Bailey an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 15,806 common shares were withheld specifically to satisfy tax withholding obligations when restricted share units vested, according to the footnote included with the reported transaction.