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

Signature
/s/ Lisa A. Atkins, attorney-in-fact for Benjamin Hickey
Stock symbol
BMY
Transactions as of
Mar 10, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 05:45 PM
Previous filing
Mar 4, 2024
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BMY Common Stock, $0.10 par value 780 Mar 10, 2024 Direct
holding BMY Common Stock, $0.10 par value 91 Mar 10, 2024 By Spouse

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 +3.87K $0.00 3.87K Mar 10, 2024 Common Stock, $0.10 par value 3.87K Direct F1, F2
transaction BMY Performance Shares Award $0 +5.81K $0.00 5.81K Mar 10, 2024 Common Stock, $0.10 par value 5.81K 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 converts into one share of common stock upon distribution in the first quarter of 2027.