Metcalfe Kathryn 4
4 · BRISTOL MYERS SQUIBB CO · Filed Mar 12, 2020
Insider Transaction Report
Form 4
Metcalfe Kathryn
EVP, Corporate Affairs
Transactions
- Award
Performance Shares
2020-03-10+8,126→ 8,126 totalExp: 2023-03-10→ Common Stock, $0.10 par value (8,126 underlying) - Award
Market Share Units
2020-03-10+5,417→ 5,417 totalExp: 2024-03-10→ Common Stock, $0.10 par value (5,417 underlying)
Footnotes (3)
- [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 60% and the maximum payout factor is 200%.
- [F2]Twenty-five percent of these market share units will vest on each of the first, second, third and fourth anniversaries of the grant date.
- [F3]Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2023.