Bristol Myers (NYSE: BMY) SVP details equity vesting, grants and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bristol Myers Squibb SVP and Controller Phil M. Holzer reported multiple equity award transactions in company stock and units on March 10, 2026. He exercised market share units and performance shares covering 6,191 shares of common stock and received new grants of 5,031 market share units and 7,547 performance share units under long-term incentive programs.
The filing shows vesting and performance-based adjustments to prior awards, along with 1,358 common shares withheld at $60.13 per share to cover tax obligations. Following these compensation-related transactions, Holzer directly holds 17,362 shares of Bristol Myers Squibb common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,191 shares exercised/converted
Mixed
14 txns
Insider
Holzer Phil M
Role
SVP and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Share Units | 811 | $0.00 | -- |
| Exercise | Market Share Units | 768 | $0.00 | -- |
| Exercise | Performance Shares | 4,612 | $0.00 | -- |
| Grant/Award | Market Share Units | 5,031 | $0.00 | -- |
| Grant/Award | Performance Shares | 7,547 | $0.00 | -- |
| Exercise | Common Stock, $0.10 par value | 811 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 91 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 261 | $60.13 | $16K |
| Exercise | Common Stock, $0.10 par value | 768 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 83 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 248 | $60.13 | $15K |
| Exercise | Common Stock, $0.10 par value | 4,612 | $0.00 | -- |
| Other | Common Stock, $0.10 par value | 2,264 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.10 par value | 849 | $60.13 | $51K |
Holdings After Transaction:
Market Share Units — 0 shares (Direct);
Performance Shares — 0 shares (Direct);
Common Stock, $0.10 par value — 15,778 shares (Direct)
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 converts 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.
FAQ
What insider activity did BMY executive Phil M. Holzer report on this Form 4?
Phil M. Holzer reported vesting, exercises, and new grants of equity awards. The activity included market share units, performance shares, and related common stock, reflecting routine compensation events and long-term incentive programs rather than open-market buying or selling of Bristol Myers Squibb shares.
What new equity awards did BMY grant to Phil M. Holzer in this filing?
Holzer received new derivative awards of 5,031 market share units and 7,547 performance share units. These awards are structured to convert into Bristol Myers Squibb common stock in future periods, subject to performance factors, time-based vesting, and Board certification of results under the company’s long-term incentive plans.