Abbott (NYSE: ABT) CEO receives large option and stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abbott Laboratories Chairman and CEO Robert B. Ford reported equity awards rather than open-market trades. He acquired 344,066 options with a zero-dollar grant price under the Abbott Laboratories 2017 Incentive Stock Program, scheduled to become exercisable in three equal annual installments starting on February 24, 2027.
Ford also received a performance-based restricted stock award of 83,464 common shares with a three-year term, with no more than one-third vesting in any year, contingent on Abbott reaching a minimum return-on-equity target. An additional 216,203 common shares are reported as held indirectly through the Ford Family Trust, where he serves as co-trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ford Robert B
Role
CHAIRMAN AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 344,066 | $0.00 | -- |
| Grant/Award | Common shares without par value | 83,464 | $0.00 | -- |
| holding | Common shares without par value | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 344,066 shares (Direct);
Common shares without par value — 336,769 shares (Direct);
Common shares without par value — 216,203 shares (Indirect, Ford Family Trust)
Footnotes (1)
- These shares represent a performance-based restricted stock award under the Abbott Laboratories 2017 Incentive Stock Program. The award has a 3-year term, with no more than 1/3 of the award vesting in any one year upon Abbott reaching a minimum return on equity target. The award includes the right to have shares withheld for tax purposes. Held in the Ford Family Trust DTD June 2, 2014. The reporting person is co-trustee of the trust. Employee stock option granted pursuant to the Abbott Laboratories 2017 Incentive Stock Program in a transaction exempt from Section 16 under Rule 16b-3. The option becomes exercisable in annual increments of 114,688 on February 24, 2027, 114,689 on February 24, 2028, and 114,689 on February 24, 2029.
FAQ
What equity awards did Abbott (ABT) CEO Robert B. Ford receive?
Robert B. Ford received a grant of 344,066 stock options and a performance-based restricted stock award of 83,464 common shares under Abbott’s 2017 Incentive Stock Program, both reported as acquisitions rather than open-market purchases or sales.
How do Robert B. Ford’s new Abbott (ABT) stock options vest?
Ford’s 344,066 employee stock options vest in three annual increments: 114,688 options on February 24, 2027, 114,689 on February 24, 2028, and 114,689 on February 24, 2029, providing a staggered long-term incentive structure tied to continued service.