Gregory Scott Meyers - Mar 10, 2022 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Signature
/s/ Lisa A. Atkins, attorney-in-fact for Gregory Scott Meyers
Stock symbol
BMY
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/14/2022, 09:18 PM
Previous filing
Feb 3, 2022
Next filing
Feb 3, 2023

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 +11.3K $0.00 11.3K Mar 10, 2022 Common Stock, $0.10 par value 11.3K Direct F1, F2
transaction BMY Performance Shares Award $0 +17K $0.00 17K Mar 10, 2022 Common Stock, $0.10 par value 17K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.