Bausch + Lomb Corp. Revises CEO Brenton L. Saunders' Compensation Plan, Introducing New Performance-Based Stock Units

Reuters
07-24
Bausch + Lomb Corp. Revises CEO Brenton L. Saunders' Compensation Plan, Introducing New Performance-Based Stock Units

Bausch + Lomb Corp. announced an amendment to the employment agreement with its CEO, Brenton L. Saunders, on July 21, 2025. The amendment modifies Mr. Saunders' "good reason" severance rights related to the company's spin-off from Bausch Health Companies Inc. Additionally, the terms of Saunders' performance stock units have been revised. These units will now vest and payout between 120% and 330% of the target by February 23, 2029, based on achieving specific share-price hurdles and a new cumulative Adjusted EBITDA performance goal for the fiscal years 2025-2028. The full text of these amendments will be available in the company's upcoming Quarterly Report on Form 10-Q.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bausch + Lomb Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-009183), on July 23, 2025, and is solely responsible for the information contained therein.

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