AbbVie director awarded 62 stock equivalent units
AbbVie Inc. director Susan E. Quaggin reported a compensation-related award of stock equivalent units.
Rhea-AI Filing Summary
AbbVie Inc. director Susan E. Quaggin reported a compensation-related award of stock equivalent units. On the reported date, she acquired 62 stock equivalent units tied to AbbVie common stock at 251.64 per unit, bringing her total balance to 853 stock equivalent units held directly.
The footnotes explain that director fees are credited to an unfunded book account in the director's name and are distributed over a period equal to the director's years of board service, generally starting at the later of age 65 or retirement from the board. These stock equivalent units earn the same return as if the fees were invested in AbbVie stock and the reported balance also includes units acquired through a dividend reinvestment feature.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Equivalent Units | 62 | $251.64 | $16K |
Footnotes (2)
- F1. Director fees credited to an unfunded book account in the director's name are distributed over a period equal to the director's years of board service, generally commencing at the later of age 65 or upon retirement from the board. The stock equivalent units 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
unfunded book account financial
dividend reinvestment feature financial
FAQ
What insider transaction did AbbVie (ABBV) director Susan E. Quaggin report?
How many AbbVie stock equivalent units were granted in this Form 4 filing?
What are stock equivalent units in AbbVie’s director compensation plan?
When are AbbVie director stock equivalent units distributed to Susan E. Quaggin?
Do AbbVie stock equivalent units include dividend reinvestment for directors?
How many stock equivalent units does Susan E. Quaggin hold after this AbbVie transaction?
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