AbbVie (ABBV) director Brett J. Hart awarded 1,118 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hart Brett J reported acquisition or exercise transactions in this Form 4 filing.
AbbVie Inc. director Brett J. Hart 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 him and increase his direct holdings to 20,590 shares after the award.
The restricted stock units were granted under the AbbVie Amended and Restated 2013 Incentive Stock Program and will be settled one-for-one in AbbVie common stock. Settlement will occur on the earlier of his 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
Hart Brett 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 — 20,590 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,118 units
Shares after transaction: 20,590 shares
Par value: $0.01 per share
3 metrics
RSUs granted
1,118 units
Restricted stock units awarded to director Brett J. Hart
Shares after transaction
20,590 shares
Total AbbVie common shares directly held after award
Par value
$0.01 per share
Par value of AbbVie common stock
Key Terms
restricted stock units, 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.
Incentive Stock Program financial
"awarded under the AbbVie Amended and Restated 2013 Incentive Stock Program"
change in control financial
"death, or the occurrence of a change in control (as defined in the Program)"
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 Brett J. Hart report in this Form 4?
Brett J. Hart reported receiving 1,118 restricted stock units of AbbVie common stock. These units are a stock-based compensation award that increases his direct holdings to 20,590 shares after the grant, aligning his interests more closely with AbbVie shareholders over time.
What type of equity award did Brett J. Hart receive from AbbVie (ABBV)?
Brett J. Hart received restricted stock units (RSUs) under the AbbVie Amended and Restated 2013 Incentive Stock Program. Each unit represents a right to receive one share of AbbVie common stock, subject to settlement upon specific events such as separation from service, death, or a change in control.
When will Brett J. Hart’s AbbVie (ABBV) restricted stock units be settled?
The restricted stock units will be paid in AbbVie common stock on the earlier of Brett J. Hart’s separation from service, his death, or a change in control. A change in control is defined in AbbVie’s Amended and Restated 2013 Incentive Stock Program governing the award.