secwatch.observer — SEC 8-K summary
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Issuer:     Bausch Health Companies Inc. (BHC)
CIK:        0000885590
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001193125-26-085755
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885590/000119312526085755/0001193125-26-085755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885590/000119312526085755/d938319d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-085755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer