Michelle Weese - 10 Mar 2022 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

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	Award	$0	+6,363		$0.000000	6,363	10 Mar 2022	Common Stock, $0.10 par value	6,363		Direct	F1, F2
transaction	BMY	Performance Shares	Award	$0	+9,544		$0.000000	9,544	10 Mar 2022	Common Stock, $0.10 par value	9,544		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	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%.
F2	Twenty-five percent of these market share units will vest on each of the first, second, third and fourth anniversaries of the grant date.
F3	Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2025.