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BRISTOL MYERS SQUIBB CO·4

Mar 12, 4:22 PM ET

Short Bartie Wendy 4

Research Summary

AI-generated summary

Updated

Bristol Myers Squibb EVP Wendy Short Bartie Exercises Awards, Sells Shares

What Happened

  • Wendy Short Bartie, EVP, Corporate Affairs at Bristol Myers Squibb (BMY), reported multiple award vesting/conversions on March 10, 2026. A series of derivative conversions/exercises (M) resulted in 5,883 shares being converted to stock (639 + 749 + 4,495). In addition, grant/award entries show 16,327 market/performance units credited (6,531 + 9,796). To satisfy tax withholding, 1,275 shares were withheld and disposed at $60.13/share, generating $76,666 in payment for taxes. The derivative/grant line items are reported at $0 acquisition price because they reflect award vesting/conversion rather than open-market purchases.

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filing does not indicate a late report).
  • Derivative conversions/exercises (code M): 639, 749 and 4,495 shares (total 5,883) reported as acquired/converted at $0.
  • Grants/awards (code A): 6,531 and 9,796 market/performance units credited (total 16,327) reported at $0.
  • Tax withholding (code F): 205, 242 and 828 shares withheld (total 1,275) at $60.13 each, totaling $76,666 used to cover tax liabilities.
  • Other acquisition/disposition entries (code J): small adjustments (72, 81, 2,207 shares) reported at $0 — filing footnotes indicate adjustments due to performance factors.
  • Shares owned after the transactions: not specified in the filing.
  • Footnotes: vesting includes scheduled quarterly vesting of prior market share unit awards (F1, F4), performance-based adjustments/payout factors (F2, F6, F7, F9), and conversion/distribution timing for some performance units (F8, F10, F11).

Context

  • These filings reflect routine equity compensation vesting and performance-share conversions, not open-market buys or discretionary sales. The $76.7K reflects shares withheld to cover tax obligations on the vested awards (cashless withholding), not a market sale for investment purposes. Retail investors typically view scheduled vesting and tax-withholding events as routine compensation settlements rather than a direct signal of insider conviction.