AbbVie director granted 35 stock equivalent units
Alpern Robert J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Alpern Robert J reported acquisition or exercise transactions in this Form 4 filing.
AbbVie Inc. director Robert J. Alpern received a grant of 35 stock equivalent units tied to AbbVie common stock as director compensation. The units were credited on the basis of director fees at a reference value of $217.49 per unit and track the return of AbbVie shares.
Following this award, Alpern’s balance increased to 10,369 stock equivalent units held in grantor trust accounts. These units are payable in cash, generally at age 65 or when he retires from the AbbVie board, and the balance also reflects units added through a dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Equivalent Units | 35 | $217.49 | $8K |
Footnotes (2)
- F1. Director fees credited to stock equivalent unit accounts under grantor trusts established by the director at Abbott Laboratories and AbbVie. The stock equivalent units in the Abbott account will be paid, in cash, generally at age 65 or upon retirement from Abbott's board, and the stock equivalent units in the AbbVie account will be paid, in cash, generally at age 65 or upon retirement from AbbVie's board. The stock equivalent units in each account earn the same return as if the fees were invested in AbbVie stock.
- F2. Balance includes stock equivalent units acquired pursuant to a dividend reinvestment feature.
Key Figures
Key Terms
Stock Equivalent Units financial
grantor trusts financial
dividend reinvestment feature financial
FAQ
What did AbbVie (ABBV) director Robert Alpern report in this Form 4?
Is Robert Alpern buying or selling AbbVie (ABBV) stock in this filing?
What are stock equivalent units in the AbbVie (ABBV) director plan?
When will Robert Alpern receive cash from these AbbVie stock equivalent units?
AI-generated analysis. How Rhea-AI works. Not financial advice.