Karin Shanahan - Mar 10, 2023 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
EVP, Glob. Prod. Dev. & Supply
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Karin Shanahan
Stock symbol
BMY
Transactions as of
Mar 10, 2023
Transactions value $
-$60,059
Form type
4
Date filed
3/14/2023, 08:12 PM
Previous filing
Apr 4, 2022
Next filing
Apr 4, 2023

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 +2.45K $0.00 2.45K Mar 10, 2023 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 +79 +3.23% $0.00 2.53K Mar 10, 2023 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability -$60.1K -914 -36.18% $65.71 1.61K Mar 10, 2023 Direct F3
holding BMY Common Stock, $0.10 par value 748 Mar 10, 2023 BMS Savings and Investment Program F4

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 -2.45K -25% $0.00 7.34K Mar 10, 2023 Common Stock, $0.10 par value 2.45K Direct F1, F5
transaction BMY Market Share Units Award $0 +13.2K $0.00 13.2K Mar 10, 2023 Common Stock, $0.10 par value 13.2K Direct F5, F6
transaction BMY Performance Shares Award $0 +19.8K $0.00 19.8K Mar 10, 2023 Common Stock, $0.10 par value 19.8K Direct F7
* 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, 2022.
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 awards.
F4 Based on recent 401(k) plan statement.
F5 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 80% and the maximum payout factor is 225%.
F6 Twenty-five percent of the market share unit award will vest on each of the first, second, third and fourth anniversaries of the grant date.
F7 Each performance share converts into one share of common stock upon distribution in the first quarter of 2026.