---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-009183"
form_type: "8-K"
ticker: "BLCO"
cik: "0001860742"
company_name: "Bausch & Lomb Corp"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:39:33.362674+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950103-25-009183
- form_type: 8-K
- ticker: BLCO
- cik: 0001860742
- company_name: Bausch & Lomb Corp
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860742/000095010325009183/0000950103-25-009183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860742/000095010325009183/dp231940_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-009183
- JSON: https://secwatch.observer/filing/0000950103-25-009183.json
- Plain text: https://secwatch.observer/filing/0000950103-25-009183.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.