Bausch + Lomb CEO amends employment agreement; PSUs now tied to share price and EBITDA goals through 2029

Bausch & Lomb Corp

CEO Brenton Saunders gave up 'good reason' severance right tied to spin-off timing from Bausch Health.
Amended PSUs vest Feb 23, 2029; payout range 120%-330% of target based on share-price hurdles ($26.57-$39.06).
Cumulative Adjusted EBITDA performance modifier for FY2025-2028 can adjust payout by -40% to +40%.
PSU payout also subject to Saunders' continued employment through the performance period.
Full text of amendments will be filed in Q3 2025 10-Q.

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