Bausch Health changes CEO and EVP PSU settlement from stock to cash for 2023 awards

Bausch Health Companies Inc.

1,137,862 PSUs for CEO Thomas Appio amended to cash settlement instead of stock upon March 3, 2026 vesting.
137,922 PSUs for EVP Seana Carson similarly changed; cash equal to market price on vesting date.
Cash settlement amount based on closing price of BHC common stock on March 3, 2026.
Changes made via amended award agreement (Appio) and new agreement (Carson) under Canadian tax law.

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