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 | -2.96K | -25% | $0.00 | 8.89K | Nov 1, 2024 | Common Stock, $0.10 par value | 2.96K | Direct | F4, F5 |
Id | Content |
---|---|
F1 | Represents vesting of one-quarter of market share units granted on November 1, 2023. |
F2 | Represents a downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor. |
F3 | Shares withheld for payment of taxes upon vesting of awards. |
F4 | 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%. |
F5 | Twenty-five percent of the market share unit award vest on each of the first, second, third and fourth anniversaries of the grant date. |