What is Director Level Comp for Merck / Organon ? Would $220k base, 20% Bonus, + $40k RSUs be inline?

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It depends on the actual role and geography but that is about in line with the payment band. Generally you get a higher offer if you are an external candidate and have more wiggle room in the negotiating process.

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I’m a director. My base is lower but I have a higher bonus and more RSUs

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I'm guessing you were promoted to director instead of externally hired. Merck always underpays promotions since there is a max percent increase. External hires get to use the full budget for the role.

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BMS base is in line with that - higher bonus and higher stock

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Yes

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Base should be higher between 220-275k

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