Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 396

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 396
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 stock option awards. This model also requires highly subjective assumptions, including future stock price volatility and expected time until exercise, which greatly affect the calculated values.The following table summarizes stock option activity under the Plan during 2024: (in millions, except per share amounts)OptionsWeighted-AverageExercisePrice Per ShareWeighted-AverageRemainingContractualTerm(Years)AggregateIntrinsicValueOutstanding, January 1, 20248.0$18.07   Granted1.3 $16.96   Exercised— $17.96   Expired or forfeited(0.3)$17.99   Outstanding, December 31, 20249.0 $17.90 6.9$2.3 Vested and expected to vest, December 31, 20248.4 $17.90 6.3$2.1 Vested and exercisable, December 31, 20241.1 $18.15 7.3$0.1 The weighted-average fair values of stock options granted to Bausch + Lomb employees in 2024, 2023 and 2022 were $4.94, $5.33 and $3.84, respectively. The stock options exercised in 2024 were not material. There were no stock options exercised in 2023 and 2022.As of December 31, 2024, the total remaining unrecognized compensation expense related to non-vested stock options amounted to $17 million, which will be amortized over the weighted-average remaining requisite service period of approximately 1.5 years. The total fair value of stock options that vested during 2024 and 2023 was $6 million and $5 million, respectively. There were no stock options that vested during 2022.Time-Based RSUsRSUs under the Plan generally vest 33% a year over a three-year period with the exception of the RSUs granted pursuant to the IPO Founder Grants and the RSUs granted to the Company's Chief Executive Officer in connection with his appointment, which vest in two equal installments, such that 50% vest on the second anniversary and 50% vest on the third anniversary of the grant date.  RSUs are credited with dividend equivalents, in the form of additional RSUs, when dividends are paid on the Bausch + Lomb’s common shares. Such additional RSUs will have the same vesting dates and will