Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 139

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 139
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 (years)3.03.6Expected volatility35.1%35.4%Risk-free interest rate4.5%4.5%The expected volatility was determined based on implied and historical volatility of Bausch + Lomb’s selected peer companies. The risk-free interest rate was determined based on the rate at the time of grant for zero-coupon U.S. government bonds with maturity dates equal to the contractual term of the TSR PSU.The following table summarizes the performance-based PSU activity during 2024:

F-48

(in millions, except per share amounts)Performance-based RSUsWeighted-AverageGrant-DateFair Value Per ShareNon-vested, January 1, 20241.2 $26.82 Granted3.0 $18.15 Vested— $— Forfeited(0.1)$18.14 Non-vested, December 31, 20244.1 $20.61 During 2024, the Company granted approximately 3,000,000 performance-based RSUs, consisting of: (i) approximately 1,800,000 OPG PSUs with a weighted-average grant date fair value of $17.20 per RSU, (ii) approximately 800,000 TSR PSUs with an average grant date fair value of $21.21 per RSU and (iii) approximately 400,000 Organic Revenue Growth PSUs with a weighted-average grant date fair value of $16.09 per RSU.As of December 31, 2024, the total remaining unrecognized compensation expense related to non-vested performance-based RSUs amounted to $60 million, which will be amortized over the weighted-average remaining requisite service period of approximately 2.1 years. A maximum of approximately 10,800,000 common shares could be issued upon vesting of the performance-based RSUs outstanding as of December 31, 2024. There were no performance-based RSUs that vested during 2024 and 2023. In addition, while Bausch + Lomb did not grant performance-based RSUs during 2022, certain Bausch + Lomb employees continued to participate in BHC’s performance-based RSUs granted prior to May 5, 2022. As of December 31, 2024, the total remaining unrecognized compensation expense related to BHC non-vested performance-based RSUs was $0.14.ACCUMULATED OTHER COMPREHENSIVE LOSSAcc