AbbVie (NYSE: ABBV) director credited stock equivalent units from fees
Rhea-AI Filing Summary
AbbVie Inc. director Edward J. Rapp reported an acquisition of stock equivalent units tied to AbbVie stock. On 12/31/2025, 147 stock equivalent units were credited at a price of $228.49 per unit, bringing his total directly held derivative securities reported on this form to 28,498 stock equivalent units.
The units represent director fees credited to a stock equivalent unit account under a grantor trust established by the director and are paid in cash generally at age 65 or upon retirement from the board. These stock equivalent units earn the same return as if the fees were invested in AbbVie stock, and the reported balance includes units acquired through a dividend reinvestment feature.
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FAQ
What insider transaction did AbbVie (ABBV) disclose for director Edward J. Rapp?
The filing shows that on 12/31/2025, AbbVie director Edward J. Rapp was credited with 147 stock equivalent units tied to AbbVie stock at a price of $228.49 per unit.
How many AbbVie stock equivalent units does the reporting person hold after this transaction?
Following the reported transaction, the form lists 28,498 stock equivalent units as beneficially owned by the reporting person.
What are the stock equivalent units reported for AbbVie (ABBV) in this Form 4?
The stock equivalent units represent director fees credited to a stock equivalent unit account under a grantor trust established by the director and are designed to earn the same return as if the fees were invested in AbbVie stock.
When are the AbbVie stock equivalent units generally paid out to the director?
The filing explains that the stock equivalent units are paid in cash, generally at age 65 or upon the director’s retirement from the board.
Does the AbbVie Form 4 mention dividend reinvestment for the stock equivalent units?
Yes. The explanation states that the reported balance of 28,498 stock equivalent units includes units acquired pursuant to a dividend reinvestment feature.
What is the reporting person’s relationship to AbbVie (ABBV)?
The reporting person is identified as a Director of AbbVie Inc. on the form.