Weese Michelle 4
4 · BRISTOL MYERS SQUIBB CO · Filed Mar 14, 2022
Insider Transaction Report
Form 4
Weese Michelle
EVP, Corporate Affairs
Transactions
- Award
Market Share Units
2022-03-10+6,363→ 6,363 totalExp: 2026-03-10→ Common Stock, $0.10 par value (6,363 underlying) - Award
Performance Shares
2022-03-10+9,544→ 9,544 totalExp: 2025-03-10→ Common Stock, $0.10 par value (9,544 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 2025.