Bristol Myers (BMY) EVP Cari Gallman Receives 1,061 Shares; 543 Withheld

What Happened

• Cari Gallman, EVP and General Counsel of Bristol Myers Squibb (BMY), had 1,061 restricted stock units (RSUs vest) convert into 1,061 shares on 2026-08-01. The RSUs converted at $0 exercise price. To cover taxes, 543 of those shares were withheld (disposed) at an effective value of $65.31 per share, totaling $35,463. The net shares delivered to Gallman were 518 shares (1,061 converted − 543 withheld).

Key Details

• Transaction date: 2026-08-01 (filed with SEC on 2026-08-04)
• Conversion/Exercise code: M (conversion of derivative; RSUs converting to common stock)
• Tax withholding code: F (shares withheld to satisfy tax liability)
• Shares converted: 1,061 @ $0.00 (acquired via RSU conversion)
• Shares withheld for taxes: 543 @ $65.31 = $35,463 (disposed)
• Net shares received: 518 (1,061 − 543)
• Shares owned after transaction: Not reported on this Form 4
• Footnotes: RSUs vested in three equal installments beginning Aug 1, 2024; each RSU converts into one share on vesting; withholding was used to pay taxes

Context

• This was a vesting and conversion of RSUs, not a market purchase. The withholding of shares to cover taxes is a routine, automatic disposition and common with equity award vesting (a cashless tax-withholding mechanism), not necessarily a trading decision. The Form 4 shows the conversion and withholding but does not indicate any separate open-market sale.