Bristol Myers (NYSE: BMY) EVP reports equity vesting, tax withholding and new awards
Rhea-AI Filing Summary
Bristol Myers Squibb EVP Wendy Short Bartie reported multiple equity-related transactions in connection with long-term incentive awards. On March 10, 2026, she exercised market share units and performance shares, receiving a total of 5,883 shares of common stock through derivative conversions.
She also received new grants of 6,531 market share units and 9,796 performance share units that are subject to future performance certification and vesting, generally around 2029. To cover tax obligations upon vesting, 1,275 common shares were withheld at $60.13 per share.
After these transactions and related performance-based adjustments, she directly holds 7,917 shares of Bristol Myers Squibb common stock, in addition to the newly granted performance-based units. The filing reflects routine compensation vesting, new awards, and associated tax withholding rather than open-market buying or selling.
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Insights
Routine vesting and new equity awards, with shares withheld for taxes.
The transactions for Bristol Myers Squibb EVP Wendy Short Bartie primarily reflect equity compensation mechanics. Market share units and performance shares vested, converting into 5,883 common shares, while new grants of 6,531 market share units and 9,796 performance share units were awarded.
Footnotes show payouts depend on stock-price-based payout factors and performance certification by the Board, with some awards cliff-vesting on the third anniversary or distributing in the first quarter of 2029. This ties compensation to both absolute and relative shareholder returns.
Shares withheld for taxes total 1,275 common shares at $60.13 per share, coded as F transactions. These are non-market dispositions for tax payment, not discretionary sales. Following all entries, Bartie holds 7,917 common shares directly, indicating these are routine compensation and tax events rather than a directional bet on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Share Units | 639 | $0.00 | -- |
| Exercise | Market Share Units | 749 | $0.00 | -- |
| Exercise | Performance Shares | 4,495 | $0.00 | -- |
| Grant/Award | Market Share Units | 6,531 | $0.00 | -- |
| Grant/Award | Performance Shares | 9,796 | $0.00 | -- |
| Exercise | Common Stock, $0.10 par value | 639 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 72 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 205 | $60.13 | $12K |
| Exercise | Common Stock, $0.10 par value | 749 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 81 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 242 | $60.13 | $15K |
| Exercise | Common Stock, $0.10 par value | 4,495 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 2,207 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 828 | $60.13 | $50K |
Footnotes (1)
- Represents vesting of one-quarter of market share units granted on March 10, 2022. Represents a downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor. Shares withheld for payment of taxes upon vesting of awards. Represents vesting of one-quarter of market share units granted on March 10, 2023. Amount represents distribution of performance shares earned under the 2023-2025 Long-Term Performance Award. Adjustment to award based on the performance factor applied in accordance with the terms of the award and certification of performance results by the Board. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 80% and the maximum payout factor is 225%. Each performance share unit converted into one share of common stock upon distribution in the first quarter of 2026. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is the greater of Total Return and relative total shareholder return (rTSR) Floor. Total Return is a ratio of the 10-day average closing stock price on the measurement date, plus the value of accumulated dividends, divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor for Total Return performance that must be achieved to earn a payout is 80% and the maximum is 225%. The rTSR Floor feature provides a minimum level of payout if BMS stock price declines from the grant date but outperforms our peers based on their TSR percentile rank. A TSR percentile rank (i) below the 50th percentile yields a 0% payout, (ii) between the 50th and 74.99th percentiles yields a 50% payout, and (iii) at or above the 75th percentile yields a 100% payout. These market share units cliff vest on the third anniversary of the grant date, subject to certification of performance results by the Board. Each performance share unit converts into one share of common stock upon distribution in the first quarter of 2029, subject to certification of performance results by the Board.
