Meyers Gregory Scott 4
Research Summary
AI-generated summary
Bristol Myers (BMY) EVP Gregory Meyers Exercises RSUs, Withholds Shares
What Happened
Gregory Scott Meyers, EVP & Chief Digital & Technology Officer at Bristol Myers Squibb (BMY), had 2,543 restricted stock units (RSUs vest) convert into common shares on 2026-02-01. The RSUs converted at a $0 exercise price (typical for RSUs). To cover taxes, 833 of those shares were withheld at $55.05 per share, resulting in $45,857 withheld; the net shares issued to him were 1,710 (2,543 vested minus 833 withheld).
Key Details
- Transaction date: 2026-02-01 (Form 4 filed 2026-02-03).
- Acquisition: 2,543 shares from RSU vesting, $0.00 per share (conversion).
- Tax withholding/disposition: 833 shares withheld at $55.05, total $45,857.
- Net shares issued: 1,710 (2,543 − 833), based on the reported transactions.
- Footnotes: F1 — RSUs vest annually in four equal installments beginning Feb 1, 2023; F2 — shares were withheld to pay taxes; F3 — each RSU converts into one share on vesting.
- Shares owned after the transaction: not specified in the provided filing text.
- Filing timeliness: Form filed Feb 3 for a Feb 1 transaction; no late filing indicated.
Context
This was a routine vesting of RSUs with shares withheld to satisfy tax obligations (a cashless withholding), not an open-market sale or discretionary purchase. Such tax-withholding disposals are common and generally reflect payroll/tax mechanics rather than a trading decision about the company.