Giovanni Caforio - Mar 10, 2024 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
Executive Chair of the Board, Director
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Giovanni Caforio
Stock symbol
BMY
Transactions as of
Mar 10, 2024
Transactions value $
-$3,648,199
Form type
4
Date filed
3/12/2024, 05:42 PM
Previous filing
Oct 12, 2023
Next filing
May 13, 2024

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 +23.4K +6.37% $0.00 391K Mar 10, 2024 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 -3.69K -0.94% $0.00 387K Mar 10, 2024 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability -$543K -10.1K -2.61% $53.79 377K Mar 10, 2024 Direct F3
transaction BMY Common Stock, $0.10 par value Options Exercise $0 +23.8K +6.32% $0.00 401K Mar 10, 2024 Direct F4
transaction BMY Common Stock, $0.10 par value Other $0 -4.1K -1.02% $0.00 397K Mar 10, 2024 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability -$542K -10.1K -2.54% $53.79 387K Mar 10, 2024 Direct F3
transaction BMY Common Stock, $0.10 par value Options Exercise $0 +143K +36.95% $0.00 530K Mar 10, 2024 Direct F5
transaction BMY Common Stock, $0.10 par value Other $0 -49.7K -9.39% $0.00 480K Mar 10, 2024 Direct F6
transaction BMY Common Stock, $0.10 par value Tax liability -$2.56M -47.7K -9.93% $53.79 432K Mar 10, 2024 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 -23.4K -100% $0.00* 0 Mar 10, 2024 Common Stock, $0.10 par value 23.4K Direct F1, F7
transaction BMY Market Share Units Options Exercise $0 -23.8K -50% $0.00 23.8K Mar 10, 2024 Common Stock, $0.10 par value 23.8K Direct F4, F7
transaction BMY Market Share Units Other $0 -22.2K -33.33% $0.00 44.4K Mar 10, 2024 Common Stock, $0.10 par value 22.2K Direct F8, F9, F10
transaction BMY Market Share Units Other $0 -23.4K -25% $0.00 70.3K Mar 10, 2024 Common Stock, $0.10 par value 23.4K Direct F8, F10, F11
transaction BMY Performance Shares Options Exercise $0 -143K -100% $0.00* 0 Mar 10, 2024 Common Stock, $0.10 par value 143K Direct F12
* 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, 2020.
F2 Adjustment reflects shares disposed 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, 2021.
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 Represents the cancellation of one-quarter of market share units granted on March 10, 2022 due to the 80% minimum payout factor not being achieved.
F10 Twenty-five percent of these market share units will vest on each of the first, second, third and fourth anniversaries of the grant date.
F11 Represents the cancellation of one-quarter of market share units granted on March 10, 2023 due to the 80% minimum payout factor not being achieved.
F12 Each performance share converts into one share of common stock upon distribution in the first quarter of 2024, subject to a Total Shareholder Return.