Michelle Weese - 10 Mar 2023 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
EVP, Corporate Affairs
Signature
Lisa A. Atkins, attorney-in-fact for Michelle Weese
Issuer symbol
BMY
Transactions as of
10 Mar 2023
Net transactions value
-$39,032
Form type
4
Filing time
14 Mar 2023, 20:14:24 UTC
Previous filing
05 Jul 2022
Next filing
11 May 2023
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 +1,590 +132% $0.000000 2,793 10 Mar 2023 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 +51 +1.8% $0.000000 2,844 10 Mar 2023 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability $39,032 -594 -21% $65.71 2,250 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 -1,590 -25% $0.000000 4,773 10 Mar 2023 Common Stock, $0.10 par value 1,590 Direct F1, F4
transaction BMY Market Share Units Award $0 +6,440 $0.000000 6,440 10 Mar 2023 Common Stock, $0.10 par value 6,440 Direct F4, F5
transaction BMY Performance Shares Award $0 +9,660 $0.000000 9,660 10 Mar 2023 Common Stock, $0.10 par value 9,660 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.