Bausch Health Companies Executive Compensation (FY25)
BHC · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Bausch Health Companies
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 7, 2026Latest filing (8-K): May 19, 2026
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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253 figures on this page: 243 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Bausch Health Companies
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
Frequently asked questions
Answers drawn from the data on this page.
Who is Bausch Health Companies' chief executive and what were they paid?
Thomas Appio, Chief Executive Officer, received $16,877,326 in total compensation for fiscal 2025.
What was Bausch Health Companies' say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.2% of votes cast for or against in favor at the meeting held May 19, 2026 for fiscal 2025.
Which companies are in Bausch Health Companies' peer group?
The disclosed peer group includes Biogen Inc., BioMarin Pharmaceutical Inc., Elanco Animal Health Incorporated, Hologic, Inc. and Incyte Corporation, among others.
What is Bausch Health Companies' chief executive pay ratio?
The company reported a chief executive pay ratio of 401:1 for fiscal 2025, against median employee compensation of $42,062.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Thomas Appio Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Seana Carson Executive Vice President, General Counsel | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jean-Jacques Charhon Executive Vice President, Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | — | ◇ |
Seana Carson Executive Vice President, General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Aimee Lenar Executive Vice President, US Pharma | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Thomas Appio Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Jean-Jacques Charhon Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Seana Carson Executive Vice President, General Counsel | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Aimee Lenar Executive Vice President, US Pharma | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Aimee J. Lenar | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Aimee J. Lenar | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Aimee J. Lenar | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jean-Jacques Charhon | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jean-Jacques Charhon | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Seana Carson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Seana Carson | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Thomas J. Appio | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Thomas J. Appio | RSU | ◇ | — | — | ◇ | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Thomas Appio | Option | ◇ | — | ◇ | 3/2/2032 |
| Option | ◇ | — | ◇ | 3/3/2031 | |
| Option | ◇ | — | ◇ | 2/26/2030 | |
| Option | ◇ | — | ◇ | 3/1/2027 | |
| Option | ◇ | — | ◇ | 2/27/2029 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/7/2028 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Seana Carson | Option | ◇ | — | ◇ | 6/9/2026 |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/27/2029 | |
| Option | ◇ | — | ◇ | 2/26/2030 | |
| Option | ◇ | — | ◇ | 3/3/2031 | |
| Option | ◇ | — | ◇ | 3/2/2032 | |
| Option | ◇ | — | ◇ | 3/2/2033 | |
| Aimee Lenar | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jean-Jacques Charhon | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Aimee Lenar
Executive Vice President, US Pharma · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Jean-Jacques Charhon
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Seana Carson
Executive Vice President, General Counsel · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Thomas Appio
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
John A. Paulson Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Sarah B. Kavanagh | ◇ | ◇ | — | — | — | — | ◇ |
Brett M. Icahn | ◇ | ◇ | — | — | — | — | ◇ |
Robert N. Power | ◇ | ◇ | — | — | — | — | ◇ |
Frank D. Lee | ◇ | ◇ | — | — | — | — | ◇ |
Amy B. Wechsler | ◇ | ◇ | — | — | — | — | ◇ |
Christian A. Garcia | ◇ | ◇ | — | — | — | — | ◇ |
Richard C. Mulligan | ◇ | ◇ | — | — | — | — | ◇ |
Steven D. Miller | ◇ | ◇ | — | — | — | — | ◇ |
Michael Goettler | ◇ | ◇ | — | — | — | — | ◇ |
Sandra Leung | — | ◇ | — | — | — | — | ◇ |
Thomas J. Appio and Eiry W. Roberts served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Biogen Inc. BIIB
- BioMarin Pharmaceutical Inc. BMRN
- Elanco Animal Health Incorporated ELAN
- Hologic, Inc. HOLX
- Incyte Corporation INCY
- Jazz Pharmaceuticals plc JAZZ
- Organon & Co. OGN
- Perrigo Company plc PRGO
- Steris plc STE
- Teva Pharmaceutical Industries Limited TEVA
- United Therapeutics Corporation UTHR
- Viatris Inc. VTRS
- Zimmer Biomet Holdings Inc. ZBH
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 19, 2026 | = | ◇ | ◇ | ◇ |
| 2023 | May 14, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 16, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 2, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 27, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 28, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 30, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 30, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 2, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 14, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Bausch Health Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Bausch Health Companies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
253 figures on this page: 243 cited to the filing that reported them, 10 calculated from figures it prints.
243 cited to the filing
10 calculated from the filing
Documents cited
- 0000885590-26-000057Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0001140361-26-0138162025 SUMMARY COMPENSATION TABLE · Compensation Discussion and Analysis · DIRECTOR COMPENSATION TABLE · Grants of Plan-Based Awards · and 2 more sections
- 0001140361-25-0118512024 SUMMARY COMPENSATION TABLE
- 0000885590-24-000021Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0001140361-24-0179372023 SUMMARY COMPENSATION TABLE
- 0000885590-23-000021Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0001193125-22-180408Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000885590-21-000022Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000885590-20-000023Item 5.07 Submission of Matters to a Vote of Security Holders.
- 0000885590-19-000011Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000885590-18-000023Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000950103-17-004319Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0001193125-16-622397Item 5.07. Submission of Matters to a Vote of Security Holders.
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Bausch Health Companies executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BHC (accessed 2026).
Short form: data: Velarion
The paid brief for Bausch Health Companies
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Bausch Health Companies discloses
The companies named in BHC's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}