AZITA SALEKI-GERHARDT - 13 Feb 2025 Form 4 Insider Report for AbbVie Inc. (ABBV)

Signature
/s/ T.O. Odutayo, Attorney-in-Fact for Azita Saleki-Gerhardt
Issuer symbol
ABBV
Transactions as of
13 Feb 2025
Net transactions value
$0
Form type
4
Filing time
18 Feb 2025, 17:00:17 UTC
Previous filing
30 Sep 2024
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABBV Common Stock, $0.01 par value Award $0 +17,986 +9.3% $0.000000 212,334 13 Feb 2025 Direct F1
transaction ABBV Common Stock, $0.01 par value Award $0 +7,378 +3.5% $0.000000 219,712 13 Feb 2025 Direct F2
transaction ABBV Common Stock, $0.01 par value Award $0 +6,060 +2.8% $0.000000 225,772 13 Feb 2025 Direct F3
transaction ABBV Common Stock, $0.01 par value Award $0 +7,074 +3.1% $0.000000 232,846 13 Feb 2025 Direct F4
holding ABBV Common Stock, $0.01 par value 2,601 13 Feb 2025 Profit sharing trust F5
holding ABBV Common Stock, $0.01 par value 3,873 13 Feb 2025 By spouse in trust F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ABBV Option (Right to Buy) Award $0 +25,000 $0.000000 25,000 13 Feb 2025 Common Stock 25,000 $192.86 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of AbbVie common stock issued under a performance share award granted to the reporting person on February 17, 2022. The award is subject to performance-vesting restrictions based on earnings per share and relative total shareholder return. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2025.
F2 Represents shares of AbbVie common stock issued under a performance-vesting restricted stock unit award granted to the reporting person on February 17, 2022. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2025.
F3 Represents shares of AbbVie common stock issued under a performance-vesting restricted stock unit award granted to the reporting person on February 16, 2023. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2025.
F4 Represents shares of AbbVie common stock issued under a performance-vesting restricted stock unit award granted to the reporting person on February 15, 2024. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2025.
F5 Balance in AbbVie Savings program as of January 31, 2025. Balance includes shares acquired pursuant to a dividend reinvestment feature.
F6 The reporting person disclaims beneficial ownership of all securities held by her spouse.
F7 Employee stock option granted pursuant to the AbbVie Amended and Restated 2013 Incentive Stock Program in a transaction exempt from Section 16 under Rule 16b-3. The option becomes exercisable in annual increments of 8,334 on February 13, 2026, 8,333 on February 13, 2027, and 8,333 on February 13, 2028.

Remarks:

Due to an administrative error the exercise price for options awarded February 15, 2024 was previously reported as $0 in Table II Column 2, instead of the correct value of $175.28