Gregory Scott Meyers - 10 Mar 2024 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
EVP, Chief Digital & Tech Off.
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Gregory Scott Meyers
Issuer symbol
BMY
Transactions as of
10 Mar 2024
Net transactions value
$0
Form type
4
Filing time
12 Mar 2024, 17:46:34 UTC
Previous filing
05 Feb 2024
Next filing
05 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BMY Common Stock, $0.10 par value 5,286 10 Mar 2024 Direct

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 Other $0 -2,836 -33% $0.000000 5,675 10 Mar 2024 Common Stock, $0.10 par value 2,836 Direct F1, F2, F3
transaction BMY Market Share Units Other $0 -3,293 -25% $0.000000 9,880 10 Mar 2024 Common Stock, $0.10 par value 3,293 Direct F1, F3, F4
transaction BMY Market Share Units Award $0 +19,350 $0.000000 19,350 10 Mar 2024 Common Stock, $0.10 par value 19,350 Direct F1, F3
transaction BMY Performance Shares Award $0 +29,025 $0.000000 29,025 10 Mar 2024 Common Stock, $0.10 par value 29,025 Direct F5
* 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 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.
F3 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.
F4 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.
F5 Each performance share converts into one share of common stock upon distribution in the first quarter of 2027.