CHRISTOPHER S. BOERNER - 01 Nov 2024 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Signature
/s/Lisa A. Atkins, attorney-in-fact for Christopher Boerner
Issuer symbol
BMY
Transactions as of
01 Nov 2024
Net transactions value
-$80,828
Form type
4
Filing time
05 Nov 2024, 17:42:53 UTC
Previous filing
12 Mar 2024
Next filing
21 Feb 2025

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 +2,964 +2.9% $0.000000 104,169 01 Nov 2024 Direct F1
transaction BMY Common Stock, $0.10 par value Other $0 -55 -0.05% $0.000000 104,114 01 Nov 2024 Direct F2
transaction BMY Common Stock, $0.10 par value Tax liability $80,828 -1,488 -1.4% $54.32 102,626 01 Nov 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 -2,964 -25% $0.000000 8,894 01 Nov 2024 Common Stock, $0.10 par value 2,964 Direct F4, F5
* 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 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.