AbbVie (ABBV) director Meyer granted 1,118 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MEYER MELODY B reported acquisition or exercise transactions in this Form 4 filing.
AbbVie Inc. director Melody B. Meyer received an award of 1,118 shares of common stock in the form of restricted stock units. These units were granted at no cash cost to her and increase her directly owned holdings to 17,616 shares.
The restricted stock units were granted under the AbbVie Amended and Restated 2013 Incentive Stock Program and will be settled on a one-to-one basis in AbbVie common stock upon the earlier of her separation from service, death, or a change in control as defined in the program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MEYER MELODY B
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 — 17,616 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 1,118 shares
Shares owned after transaction: 17,616 shares
Grant price per share: $0.0000 per share
3 metrics
Restricted stock units granted
1,118 shares
Equity award to director Melody B. Meyer
Shares owned after transaction
17,616 shares
Total AbbVie common stock directly held by Meyer
Grant price per share
$0.0000 per share
Indicates a non-cash equity award
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 (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 insider transaction did AbbVie (ABBV) director Melody B. Meyer report?
AbbVie director Melody B. Meyer reported receiving 1,118 restricted stock units. These represent a compensation-related grant of AbbVie common stock, not an open-market purchase or sale, and are awarded under the company’s incentive stock program.
What type of award did AbbVie (ABBV) grant to Melody B. Meyer?
Melody B. Meyer received restricted stock units tied to AbbVie common stock. These units were granted under the AbbVie Amended and Restated 2013 Incentive Stock Program as a form of non-cash equity compensation for her role as a director.
When will Melody B. Meyer’s AbbVie (ABBV) restricted stock units be paid out?
The restricted stock units will be paid on a one-to-one basis in AbbVie common stock. Payment occurs upon the earlier of Meyer’s separation from service, her death, or a change in control, as defined in AbbVie’s incentive stock program.