Brent L. Saunders - Jul 21, 2025 Form 4 Insider Report for Bausch & Lomb Corp (BLCO)

Role: CEO and Chairman of the Board, Director
Signature: /s/ Debra E. Levin, attorney-in-fact
Stock symbol: BLCO
Transactions as of: Jul 21, 2025
Transactions value $: $0
Form type: 4
Date filed: 7/23/2025, 05:35 PM
Previous filing: Jun 27, 2025
Next filing: Aug 7, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SAUNDERS BRENT L	CEO and Chairman of the Board, Director	C/O BAUSCH + LOMB CORPORATION, 520 APPLEWOOD CRESCENT, VAUGHAN, ONTARIO, CANADA	/s/ Debra E. Levin, attorney-in-fact	2025-07-23	0001268854

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BLCO	Performance Stock Units	Award	$0	+150K	+20%	$0.00	900K	Jul 21, 2025	Common Shares, No Par Value	900K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects an amendment on July 21, 2025 (the "Amendment") to an award of performance stock units ("PSUs") originally granted to the reporting person under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (as amended and restated, the "Plan") on February 23, 2023 (the "New Hire PSUs"). Each PSU reflects the right to receive one common share, no par value, of the Issuer, subject to the terms of the Plan.
F2	Pursuant to the Amendment, the New Hire PSUs may be earned and vest between 120% and 330% of the target award on February 23, 2029 (the "Measurement End Date") based on the level of achievement of (i) specified share-price hurdle goals and (ii) a cumulative Adjusted EBITDA performance modifier goal, subject generally to the reporting person's continued employment through the Measurement End Date.
F3	The reporting person previously reported beneficial ownership of the target number of common shares underlying the New Hire PSUs (750,000 common shares) in the reporting person's Form 3 filed on March 6, 2023. As a result of the Amendment, the reporting person is now reporting the acquisition of beneficial ownership of an additional 150,000 PSUs pursuant to the New Hire PSU, which collectively reflects beneficial ownership of the minimum number of shares that are eligible to vest on the Measurement End Date (900,000 common shares) as a result of the Amendment.