Lenkowsky Adam 4

What Happened

• Adam Lenkowsky, EVP & Chief Commercial Officer of Bristol Myers Squibb, had a mix of derivative conversions (exercise/conversion of market share units and performance share units) and awards/vestings reported on 2026-03-10. In total he acquired/received 105,704 shares (24,071 shares from converted derivatives + 81,633 shares from awards/grants).
• To satisfy tax withholding and related obligations, 7,015 shares were disposed/withheld (payment of tax liability) at an implied price of $60.13 per share, totaling $421,812. Several other small “other” disposition adjustments (10,360 shares) and derivative closing entries at $0 were reported reflecting award adjustments and conversions.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Price used for tax withholding entries: $60.13; total value withheld for taxes ≈ $421,812.
• Shares acquired/received: 105,704 total (24,071 from conversions; 81,633 grants/awards).
• Shares withheld/disposed for taxes: 7,015 shares; other zero-dollar disposition entries total 10,360 shares (award/performance adjustments).
• Notable footnotes: vesting includes one-quarter vesting of market share units from grants on March 10, 2022 and March 10, 2023 (F1, F4); payout factors and performance adjustments apply (F2, F10, F8); some awards are performance-based and subject to Board certification (F5, F6, F11, F12); F3 indicates shares withheld for taxes.
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• These transactions are largely vesting/conversion events (derivative-to-stock conversions and award distributions), not open-market purchases or ad-hoc sales. The withholding of shares to pay taxes is a routine, cashless method companies commonly use when awards vest.
• The filing shows performance-based adjustments: the number of shares actually received can be reduced (or increased) by a payout/performance factor and may be subject to later certification by the Board.