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

Role
EVP, Strategy & BD
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Elizabeth Mily
Issuer symbol
BMY
Transactions as of
10 Mar 2023
Net transactions value
-$922,568
Form type
4
Filing time
14 Mar 2023, 20:40:43 UTC
Previous filing
04 Apr 2022
Next filing
04 Apr 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 +4,005 +35% $0.000000 15,347 10 Mar 2023 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 +657 +4.3% $0.000000 16,004 10 Mar 2023 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability $129,974 -1,978 -12% $65.71 14,026 10 Mar 2023 Direct F3
transaction BMY Common Stock, $0.10 par value Options Exercise $0 +3,658 +26% $0.000000 17,684 10 Mar 2023 Direct F4
transaction BMY Common Stock, $0.10 par value Other $0 +118 +0.67% $0.000000 17,802 10 Mar 2023 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability $105,267 -1,602 -9% $65.71 16,200 10 Mar 2023 Direct F3
transaction BMY Common Stock, $0.10 par value Options Exercise $0 +21,973 +136% $0.000000 38,173 10 Mar 2023 Direct F5
transaction BMY Common Stock, $0.10 par value Other $0 +2,683 +7% $0.000000 40,856 10 Mar 2023 Direct F6
transaction BMY Common Stock, $0.10 par value Tax liability $687,327 -10,460 -26% $65.71 30,396 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 -4,005 -33% $0.000000 8,012 10 Mar 2023 Common Stock, $0.10 par value 4,005 Direct F1, F7
transaction BMY Market Share Units Options Exercise $0 -3,658 -25% $0.000000 10,976 10 Mar 2023 Common Stock, $0.10 par value 3,658 Direct F4, F8
transaction BMY Market Share Units Award $0 +14,637 $0.000000 14,637 10 Mar 2023 Common Stock, $0.10 par value 14,637 Direct F8, F9
transaction BMY Performance Shares Options Exercise $0 -21,973 -100% $0.000000* 0 10 Mar 2023 Common Stock, $0.10 par value 21,973 Direct F10
transaction BMY Performance Shares Award $0 +21,956 $0.000000 21,956 10 Mar 2023 Common Stock, $0.10 par value 21,956 Direct F11
* 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, 2021.
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 Represents vesting of one-quarter of market share units granted on March 10, 2022.
F5 Amount represents distribution of performance shares earned under the 2020-2022 Long-Term Performance Award.
F6 Adjustment to Award based on the performance factor applied in accordance with the terms of the Award and certification of performance results by the Board.
F7 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%.
F8 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%.
F9 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.
F10 Each performance share converts into one share of common stock upon distribution in the first quarter of 2023, subject to a Total Shareholder Return.
F11 Each performance share converts into one share of common stock upon distribution in the first quarter of 2026.