Hickey Benjamin 4
4 · BRISTOL MYERS SQUIBB CO · Filed Mar 12, 2025
Insider Transaction Report
Form 4
Hickey Benjamin
President, RayzeBio Org.
Transactions
- Award
Market Share Units
2025-03-10+13,389→ 13,389 totalExp: 2028-03-10→ Common Stock, $0.10 par value (13,389 underlying) - Award
Performance Shares
2025-03-10+20,084→ 20,084 totalExp: 2028-03-10→ Common Stock, $0.10 par value (20,084 underlying)
Holdings
- 8,789
Common Stock, $0.10 par value
- 91(indirect: By Spouse)
Common Stock, $0.10 par value
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 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.