Elizabeth Mily - Mar 10, 2022 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
EVP, Strategy & BD
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Elizabeth Mily
Stock symbol
BMY
Transactions as of
Mar 10, 2022
Transactions value $
-$128,288
Form type
4
Date filed
3/14/2022, 09:16 PM
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMY Common Stock, $0.10 par value Options Exercise $0 +4.01K +94.44% $0.00 8.25K Mar 10, 2022 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 +449 +5.45% $0.00 8.7K Mar 10, 2022 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability -$128K -1.88K -21.56% $68.42 6.82K Mar 10, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMY Market Share Units Options Exercise $0 -4.01K -25% $0.00 12K Mar 10, 2022 Common Stock, $0.10 par value 4.01K Direct F1, F4
transaction BMY Market Share Units Award $0 +14.6K $0.00 14.6K Mar 10, 2022 Common Stock, $0.10 par value 14.6K Direct F4, F5
transaction BMY Performance Shares Award $0 +22K $0.00 22K Mar 10, 2022 Common Stock, $0.10 par value 22K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of one-quarter of market share units granted on March 10, 2021.
F2 Adjustment reflects additional shares acquired upon the vesting of market share units due to the performance factor.
F3 Shares withheld for payment of taxes upon vesting of award.
F4 Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
F5 Twenty-five percent of these market share units will vest on each of the first, second, third and fourth anniversaries of the grant date.
F6 Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2025.