AbbVie (ABBV) EVP logs 16,309-share tax-withholding disposition in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AbbVie Inc. executive Azita Saleki‑Gerhardt reported a tax-related share disposition. On February 27, 2026, 16,309 shares of AbbVie common stock were disposed of at $232.08 per share to satisfy tax obligations through share withholding, a non‑open‑market transaction. Following this, she directly held 197,794 AbbVie shares.
In addition, 2,706 AbbVie shares were held indirectly through a profit sharing trust, reflecting the balance in the AbbVie Savings Program as of February 20, 2026, including dividend reinvestments. A further 3,873 shares were held by her spouse, for which the reporting person disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SALEKI-GERHARDT AZITA
Role
EVP, CHIEF OPERATIONS OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value | 16,309 | $232.08 | $3.78M |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 197,794 shares (Direct);
Common Stock, $0.01 par value — 2,706 shares (Indirect, Profit sharing trust)
Footnotes (1)
- Balance in AbbVie Savings program as of February 20, 2026. Balance includes shares acquired pursuant to a dividend reinvestment feature. The reporting person disclaims beneficial ownership of all securities held by her spouse.
FAQ
What did AbbVie (ABBV) EVP Azita Saleki‑Gerhardt report on this Form 4?
AbbVie executive Azita Saleki‑Gerhardt reported a tax-withholding disposition of 16,309 AbbVie common shares. The shares were withheld at $232.08 per share to cover tax obligations, rather than sold in an open market transaction, and her direct holdings remained substantial afterward.
What are Azita Saleki‑Gerhardt’s direct AbbVie (ABBV) holdings after this Form 4 transaction?
After the tax-withholding disposition, Azita Saleki‑Gerhardt directly held 197,794 AbbVie common shares. This figure reflects her remaining direct ownership following the 16,309 shares used to cover tax obligations on February 27, 2026, as reported in the Form 4 filing.
What indirect AbbVie (ABBV) holdings are reported for Azita Saleki‑Gerhardt?
Indirectly, 2,706 AbbVie shares were held in a profit sharing trust, representing the AbbVie Savings Program balance as of February 20, 2026. The filing also notes 3,873 shares held by her spouse, for which she expressly disclaims beneficial ownership under the footnote disclosure.
Does the AbbVie (ABBV) Form 4 indicate open-market buying or selling by the executive?
No open‑market buying or selling is indicated. The only reported disposition is a tax-withholding transaction, coded as payment of tax liability by delivering securities, which typically occurs automatically when equity awards vest rather than through discretionary market trades.
What role does Azita Saleki‑Gerhardt hold at AbbVie (ABBV) according to the filing?
The filing identifies Azita Saleki‑Gerhardt as AbbVie’s Executive Vice President and Chief Operations Officer. Her position explains why her equity and related tax-withholding transactions in AbbVie common stock are reportable on Form 4 as insider activity under SEC rules.