Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 49

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 49
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 has also approved continuing our current long-term incentive program for 2025, which provides an opportunity for our senior executives to be granted a balanced portfolio of PSUs, RSUs, and Stock Options. The Talent and Compensation Committee approved a slight adjustment in the mix of awards for the NEOs (excluding the CEO), increasing RSUs from 25% to 30% of the total award and decreasing Stock Options from 25% to 20% of the total award. This change does not impact the CEO, whose mix remains 60% PSUs, 20% RSUs, and 20% Stock Options. This change for the NEOs (excluding the CEO) provides a small portion of the award in a more stable form, given the current volatility of the stock price, and aligns the portion received in Stock Options with that of the CEO. In addition to this change, the Talent and Compensation Committee also adjusted the weighting of the PSU metrics, reducing Relative TSR from 50% to 25% and increasing organic revenue growth (non-GAAP) from 50% to 75%, to ensure that our senior executives, including our NEOs, are being rewarded based on a metric that they have more direct control of, given our current ownership structure, and that will accelerate growth in the long-term for our shareholders. Other Compensation Elements Matching Share Program NEOs are eligible to participate in the Bausch + Lomb Matching Share Program. Under this program, shares purchased on the open market by recipients are matched with one Matching Restricted Share Unit (“MRSU”) issued under the Omnibus Plan. Generally, MRSUs granted for a period of three years may not exceed the value of 50% of the sum of the NEO’s annual base salary and target annual cash bonus, less any shares sold within the past six months (excluding any shares sold to cover a tax obligation resulting from a vesting event). Subject to the provisions of the Omnibus Plan and applicable award agreements, MRSUs vest pro-rata over a three-year period, provided that the recipient is employed through the applicable vesting dates. Vesting ceases upon termination of employment (except in limited circumstances), and any MRSUs that do not become vested prior to the recipient’s termination of employment or that do not become vested according to the provisions of the terms of the award are forfeited. Mr. Saunders purchased shares under this program during 2024. Bausch + Lomb Separation Bonus Opportunity In October 2020, BHC’s Talent and Compensation