Adam Lenkowsky - 01 May 2024 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Signature
/s/ Lisa A. Atkins, attorney-in-fact for Adam Lenkowsky
Issuer symbol
BMY
Transactions as of
01 May 2024
Net transactions value
$0
Form type
4
Filing time
03 May 2024, 18:45:13 UTC
Previous filing
12 Mar 2024
Next filing
12 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BMY Common Stock, $0.10 par value 6,650 01 May 2024 Direct
holding BMY Common Stock, $0.10 par value 4,365 01 May 2024 BMS Savings and Investment Program F1
holding BMY Common Stock, $0.10 par value 5,287 01 May 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 Other $0 -1,373 -25% $0.000000 4,121 01 May 2024 Common Stock, $0.10 par value 1,373 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on recent 401(k) plan statement.
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 80% and the maximum payout factor is 225%.
F3 Represents the cancellation of one-quarter of market share units granted on May 1, 2023 due to the 80% minimum payout factor not being achieved.
F4 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.