Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 44

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 44
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200%. PSUs will cliff vest on the third anniversary of the grant date, assuming achievement of minimum performance criteria and continued employment through the applicable vesting date.

| (1) | Organic revenue growth is a non-GAAP ratio. Please see Appendix B for further information on non-GAAP measures and ratios. |

| 2025 PROXY STATEMENT45 |

TABLE OF CONTENTS

For 2024, 50% of the PSU award was based on organic revenue growth (non-GAAP) measured over three years, from January 1, 2024 through December 31, 2026. Strong organic revenue growth is critical in driving shareholder value and is therefore used in both the 2024 AIP and as a PSU metric. Organic revenue growth (non-GAAP) is measured each year, and the number of PSUs ultimately delivered in 2026 is dependent on performance each year. The PSUs are averaged over the performance periods, reflecting the outcome of each annual assessment. The remaining 50% of the PSU award is based on rTSR measured cumulatively over three years, from 2024 through 2026, as compared to companies in the S&P 500 Health Care Index. TSR is calculated based on the 20 days preceding the beginning of the performance period as compared to the 20 days preceding the end of the performance period, plus dividends and distributions made or declared (assuming they are reinvested in B+L Common Shares) during the performance period. Goals are established each year by the Talent and Compensation Committee. The following organic revenue growth goals applied to the first performance measurement year of the 2024 PSU grant and the second performance measurement year of the 2023 PSU grant:

| Performance |     | 2024   
 Growth |     | Payout |
| Threshold   |     | 4.5%   |     | 50%    |
| Target      |     | 6%     |     | 100%   |
| Stretch     |     | 7%     |     | 200%   |

The following Total Shareholder Return goals apply to the 2024 grant:

| Performance     |     | Percentile   |     | Payout |
| Below Threshold |     | Below 30th   |     | 0%     |
| Threshold       |     | 30th         |     | 50%    |
| Target          |     | 50th         |     | 100%   |
| Stretch         |