Yes, these adjustments are correct.

When a company announces a stock split:

• Conversion price is adjusted downward proportionally
• Conversion ratio is adjusted upward proportionally

This maintains the economic value of the conversion feature. For example:

• If there's a 2-for-1 stock split:
  • Conversion price is halved
  • Conversion ratio is doubled

This ensures that the total conversion value remains unchanged, as the bondholder can convert into more shares at a lower price per share, preserving the economic equivalence of the conversion privilege.