Benjamin Hickey - Mar 10, 2025 Form 4 Insider Report for BRISTOL MYERS SQUIBB CO (BMY)

Role
President, RayzeBio Org.
Signature
/s/ Lisa A. Atkins, attorney-in-fact for Benjamin Hickey
Stock symbol
BMY
Transactions as of
Mar 10, 2025
Transactions value $
$0
Form type
4
Date filed
3/12/2025, 09:29 PM
Previous filing
Mar 4, 2025
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 8.79K Mar 10, 2025 Direct
holding BMY Common Stock, $0.10 par value 91 Mar 10, 2025 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 +13.4K $0.00 13.4K Mar 10, 2025 Common Stock, $0.10 par value 13.4K Direct F1, F2
transaction BMY Performance Shares Award $0 +20.1K $0.00 20.1K Mar 10, 2025 Common Stock, $0.10 par value 20.1K 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 the greater of Total Return and relative total shareholder return (rTSR) Floor. Total Return is a ratio of the 10-day average closing stock price on the measurement date, plus the value of accumulated dividends, divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor for Total Return performance that must be achieved to earn a payout is 80% and the maximum is 225%. The rTSR Floor feature provides a minimum level of payout if BMS stock price declines from the grant date but outperforms our peers based on their TSR percentile rank. A TSR percentile rank (i) below the 50th percentile yields a 0% payout, (ii) between the 50th and 74.99th percentiles yields a 50% payout, and (iii) at or above the 75th percentile yields a 100% payout.
F2 These market share units cliff vest on the third anniversary of the grant date, subject to certification of performance results by the Board.
F3 Each performance share converts into one share of common stock upon distribution in the first quarter of 2028, subject to certification of performance results by the Board.