---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-085755"
form_type: "8-K"
ticker: "BHC"
cik: "0000885590"
company_name: "Bausch Health Companies Inc."
filed_at: "2026-03-02T23:59:59+00:00"
generated_at: "2026-05-15T22:56:13.591241+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-085755
- form_type: 8-K
- ticker: BHC
- cik: 0000885590
- company_name: Bausch Health Companies Inc.
- filed_at: 2026-03-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885590/000119312526085755/0001193125-26-085755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885590/000119312526085755/d938319d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-085755
- JSON: https://secwatch.observer/filing/0001193125-26-085755.json
- Plain text: https://secwatch.observer/filing/0001193125-26-085755.txt

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