AbbVie (NYSE: ABBV) EVP Thakkar awarded options and performance shares
Rhea-AI Filing Summary
AbbVie Inc. reported that EVP, R&D and CSO Roopal Thakkar acquired new equity awards through grants rather than open-market trades. On February 18, 2026, Thakkar received an employee stock option for 21,937 AbbVie shares, exercisable in three annual installments of 7,313, 7,312 and 7,312 shares in 2027, 2028 and 2029.
On the same date, Thakkar also acquired several performance-based AbbVie common stock awards, including grants of 6,015, 2,138, 3,346 and 6,638 shares. These awards were tied to performance goals such as earnings per share, relative total shareholder return and relative return on equity. The Compensation Committee certified that the goals were met, releasing the performance-vesting restrictions, with the shares scheduled to be issued on February 28, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to buy) | 21,937 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value | 6,015 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value | 2,138 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value | 3,346 | $0.00 | -- |
| Grant/Award | Common Stock, $0.01 par value | 6,638 | $0.00 | -- |
Footnotes (1)
- Represents shares of AbbVie common stock issued under a performance share award granted to the reporting person on February 16, 2023. 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, 2026. 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, 2026. 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, 2026. Represents shares of AbbVie common stock issued under a performance-vesting restricted stock unit award granted to the reporting person on February 13, 2025. 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, 2026. 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 7,313 on February 18, 2027, 7,312 on February 18, 2028, and 7,312 on February 18, 2029.