Company: BLCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013244
Chunk: 38

Company: Bausch & Lomb Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 38
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 base salary; |

| + | annual cash incentives; |

| + | long-term equity incentives; |

| + | retirement and welfare benefits; and |

| + | executive benefits and perquisites. |

| 40 |

TABLE OF CONTENTS

Base Salary We set our base salaries at competitive levels necessary to attract and retain top performing senior executives, including our NEOs. Base salaries provide an amount of fixed compensation to senior executives for the performance of their core duties. Base salaries are periodically reviewed as part of our performance review process, as well as upon a promotion or other change in job responsibilities. To the extent base salaries are adjusted, the amount of any such adjustment would reflect a review of competitive market data, consideration of relative levels of pay internally, individual performance of the executive, and other information that our Talent and Compensation Committee determines is relevant. For 2024, our Talent and Compensation Committee approved annual increases to the NEOs’ salaries, except for Mr. Saunders. As previously disclosed in our 2024 proxy, these increases were determined based on a review of competitive market data, consideration of relative levels of internal pay, and individual performance of the executive. The current NEOs’ base salaries are as follows:

| NEO                 |     | 2023 Salary |     | 2024 Salary |     | % Increase |
| Brenton L. Saunders |     | $ 1,600,000 |     | $ 1,600,000 |     | N/A        |
| Sam A. Eldessouky   |     |    $714,000 |     |    $775,000 |     | 8.5%       |
| A. Robert D. Bailey |     |    $750,000 |     |    $765,000 |     | 2.0%       |
| Dr. Yehia Hashad    |     |    $663,000 |     |    $700,000 |     | 5.6%       |
| Andrew J. Stewart   |     |    $600,000 |     |    $615,000 |     | 2.5%       |

For 2025, our Talent and Compensation Committee approved annual increases to Dr. Hashad and Mr. Stewart’s salaries; no other NEOs received a salary increase. Consistent with our approach in 2024, these increases were determined based on a review of competitive market data, consideration of relative levels of pay internally, and individual performance of the executive. The following