Meyers Gregory Scott 4
Research Summary
AI-generated summary
Bristol Myers (BMY) EVP Gregory Meyers Exercises Awards; Withholds Shares
What Happened
Gregory Scott Meyers, EVP & Chief Digital & Technology Officer of Bristol Myers Squibb (BMY), had multiple equity award events on March 10, 2026. Several market share units and performance share units converted/vested (reported as derivative exercises/conversions and award acquisitions), and a portion of the resulting shares were withheld to satisfy tax obligations. The filing shows tax-withheld dispositions of 1,069; 1,246; and 4,267 shares at an indicated price of $60.13 per share (total tax-withhold value reported: $64,279; $74,922; and $256,575; aggregate ≈ $395,776).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
- Reported conversions/vestings (derivative exercises/conversions): 2,839; 3,293; and 19,760 shares (listed as M-code events).
- Reported award acquisitions (derivative): 26,122 and 39,184 shares (A-code events).
- Shares withheld for taxes (F-code): 1,069; 1,246; and 4,267 shares — total 6,582 shares withheld at $60.13/share (aggregate withholding value ≈ $395,776).
- Other reported disposition entries (J-code) show 319; 356; and 9,702 shares (no cash value shown).
- Filing notes/footnotes: vesting and performance adjustments apply (quarterly vesting of 2022 & 2023 grants; performance factors may reduce/increase payouts; some awards cliff-vest or convert in future years per certification). Footnote F3 confirms shares were withheld for taxes.
- Shares owned after the transactions: not specified in the extract of the filing provided.
Context
These entries reflect routine settlement of long-term equity awards (market share units and performance share units) rather than an open-market buy or sale. The M-code events describe conversion/settlement of derivative awards into shares; the F-code events are share-withholdings to satisfy tax liabilities (a common "cashless" element of equity compensation). Performance-related adjustments and future conversion schedules are noted in the footnotes; they can affect final share counts and timing of distributions.