Gregory Scott Meyers - 10 Mar 2023 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
EVP, Chief Digital & Tech Off.
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Gregory Scott Meyers
Issuer symbol
BMY
Transactions as of
10 Mar 2023
Net transactions value
-$81,678
Form type
4
Filing time
14 Mar 2023, 20:14:00 UTC
Previous filing
03 Feb 2023
Next filing
05 Feb 2024
SEC
View on sec.gov

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 +2,836 +157% $0.000000 4,648 10 Mar 2023 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 +92 +2% $0.000000 4,740 10 Mar 2023 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability $81,678 -1,243 -26% $65.71 3,497 10 Mar 2023 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 -2,836 -25% $0.000000 8,511 10 Mar 2023 Common Stock, $0.10 par value 2,836 Direct F1, F4
transaction BMY Market Share Units Award $0 +13,173 $0.000000 13,173 10 Mar 2023 Common Stock, $0.10 par value 13,173 Direct F4, F5
transaction BMY Performance Shares Award $0 +19,760 $0.000000 19,760 10 Mar 2023 Common Stock, $0.10 par value 19,760 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, 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 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%.
F5 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.
F6 Each performance share converts into one share of common stock upon distribution in the first quarter of 2026.