Christopher Boerner - Nov 1, 2023 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
Chief Executive Officer
Signature
/s/Lisa A. Atkins, attorney-in-fact for Christopher Boerner
Stock symbol
BMY
Transactions as of
Nov 1, 2023
Transactions value $
$0
Form type
4
Date filed
11/3/2023, 06:30 PM
Previous filing
Mar 14, 2023
Next filing
Nov 30, 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 +11.9K $0.00 11.9K Nov 1, 2023 Common Stock, $0.10 par value 11.9K Direct F1, F2
transaction BMY Performance Shares Award $0 +17.8K $0.00 17.8K Nov 1, 2023 Common Stock, $0.10 par value 17.8K 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 80% and the maximum payout factor is 225%.
F2 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.
F3 Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2026.