AbbVie (ABBV) director Jennifer L. Davis granted 1,118 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AbbVie Inc. director Jennifer L. Davis received an equity-based compensation award rather than buying shares on the market. She was granted 1,118 restricted stock units under AbbVie’s Amended and Restated 2013 Incentive Stock Program, increasing her reported direct holdings to 3,643 common shares. These units will convert into AbbVie stock on a one-to-one basis upon her separation from service, death, or a qualifying change in control, aligning her compensation more closely with long-term shareholder value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Jennifer L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value | 1,118 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 3,643 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 1,118 units
Shares after transaction: 3,643 shares
Price per share for grant: $0.00 per share
3 metrics
Restricted stock units granted
1,118 units
Equity award to director on May 8, 2026
Shares after transaction
3,643 shares
Total AbbVie common stock reported as directly held
Price per share for grant
$0.00 per share
Compensation grant, not a market purchase
Key Terms
restricted stock units, Amended and Restated 2013 Incentive Stock Program, change in control
3 terms
restricted stock units financial
"These are restricted stock units awarded under the AbbVie Amended and Restated 2013 Incentive Stock Program"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated 2013 Incentive Stock Program financial
"awarded under the AbbVie Amended and Restated 2013 Incentive Stock Program (the "Program")"
change in control financial
"on the earlier of the date of the director's separation from service, death, or the occurrence of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did AbbVie (ABBV) director Jennifer L. Davis report in this Form 4?
AbbVie director Jennifer L. Davis reported receiving 1,118 restricted stock units as an equity award. These units were granted under AbbVie’s 2013 Incentive Stock Program and represent compensation, not an open-market stock purchase, increasing her reported direct holdings to 3,643 common shares.
How many AbbVie (ABBV) restricted stock units did Jennifer L. Davis receive?
Jennifer L. Davis received 1,118 restricted stock units from AbbVie. These units are part of the AbbVie Amended and Restated 2013 Incentive Stock Program and will be settled in an equal number of AbbVie common shares when certain conditions, such as separation or change in control, occur.
What are Jennifer L. Davis’s AbbVie (ABBV) holdings after this Form 4 transaction?
After this transaction, Jennifer L. Davis is reported to hold 3,643 AbbVie common shares directly. This total reflects the impact of the 1,118 restricted stock units granted, which are structured to convert into shares at specified future events outlined in the incentive program.
How do the AbbVie (ABBV) restricted stock units for Jennifer L. Davis vest or pay out?
The restricted stock units granted to Jennifer L. Davis will be paid in AbbVie common stock on a one-to-one basis. Payment occurs upon the earlier of her separation from service, death, or a defined change in control under AbbVie’s Amended and Restated 2013 Incentive Stock Program.