Lynelle Hoch - Dec 15, 2023 Form 3 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
President, Cell Therapy Org.
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Lynelle Hoch
Stock symbol
BMY
Transactions as of
Dec 15, 2023
Transactions value $
$0
Form type
3
Date filed
12/20/2023, 06:08 PM
Next filing
Mar 12, 2024

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
holding BMY Market Share Units Dec 15, 2023 Common Stock, $0.10 par value 539 Direct F1, F2
holding BMY Market Share Units Dec 15, 2023 Common Stock, $0.10 par value 1.09K Direct F2, F3
holding BMY Market Share Units Dec 15, 2023 Common Stock, $0.10 par value 2.51K Direct F4, F5
holding BMY Market Share Units Dec 15, 2023 Common Stock, $0.10 par value 4.2K Direct F5, F6
holding BMY Performance Shares Dec 15, 2023 Common Stock, $0.10 par value 3.27K Direct F7
holding BMY Performance Shares Dec 15, 2023 Common Stock, $0.10 par value 5.02K Direct F8
holding BMY Performance Shares Dec 15, 2023 Common Stock, $0.10 par value 6.3K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These market share units will vest on March 10, 2024.
F2 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%.
F3 One-half of these market share units will vest on each of March 10, 2024 and March 10, 2025.
F4 One-third of these market share units will vest on each of March 10, 2024, March 10, 2025, and March 10, 2026.
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 these market share units will vest on each of the first, second, third, and fourth anniversaries of the grant date, starting on March 10, 2024.
F7 Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2024.
F8 Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2025.
F9 Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2026.

Remarks:

EXHIBIT LIST: EX-24 Exhibit 24 - Lynelle Hoch, GRAPHIC Exhibit 24 - Lynelle Hoch