AbbVie (ABBV) director Rapp receives 1,118 restricted stock units and now holds 45,964 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AbbVie Inc. director Edward J. Rapp received an award of 1,118 restricted stock units under the AbbVie Amended and Restated 2013 Incentive Stock Program. Each unit will convert into one share of AbbVie common stock on the earlier of his separation from service, death, or a change in control as defined in the program. Following this grant, Rapp holds 45,964 AbbVie shares directly, including 10,388 shares previously held indirectly through a spouse’s trust that are now held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RAPP EDWARD J
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 — 45,964 shares (Direct, null)
Footnotes (1)
- These are restricted stock units awarded under the AbbVie Amended and Restated 2013 Incentive Stock Program (the "Program"). They will be paid, on a one-to-one basis, in shares of AbbVie common stock on the earlier of the date of the director's separation from service, death, or the occurrence of a change in control (as defined in the Program). Total holdings include 10,388 shares in trust previously held indirectly by spouse, now held directly.
Key Figures
RSU grant: 1,118 units
Shares after transaction: 45,964 shares
Trust shares now direct: 10,388 shares
+1 more
4 metrics
RSU grant
1,118 units
Restricted stock units awarded on 2026-05-08
Shares after transaction
45,964 shares
Total AbbVie shares held directly after grant
Trust shares now direct
10,388 shares
Previously held indirectly by spouse, now direct
Grant price
$0.00 per share
Stated price for awarded restricted stock units
Key Terms
restricted stock units, AbbVie 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.
AbbVie Amended and Restated 2013 Incentive Stock Program financial
"awarded under the AbbVie Amended and Restated 2013 Incentive Stock 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 Edward J. Rapp report in this Form 4?
Edward J. Rapp reported receiving 1,118 restricted stock units of AbbVie common stock. These units were granted as equity compensation and increase his direct holdings to 45,964 shares, reflecting routine director compensation rather than an open-market stock purchase or sale.
What kind of equity did Edward J. Rapp receive from AbbVie (ABBV)?
He received 1,118 restricted stock units under AbbVie’s Amended and Restated 2013 Incentive Stock Program. Each unit represents a right to receive one share of common stock, payable in shares at specific triggering events instead of being an immediate cash or stock payment.
When will Edward J. Rapp’s AbbVie (ABBV) restricted stock units be paid out?
The restricted stock units will be paid in AbbVie common shares on a one-to-one basis. Payment occurs on the earlier of his separation from service, his death, or a change in control of AbbVie, as defined in the company’s incentive stock program.