Abbott CEO granted options and stock awards
Abbott Laboratories Chairman and CEO Robert B. Ford reported equity awards rather than open-market trades.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 344,066 | $0.00 | $0.00 |
| Grant/Award | Common shares without par value | 83,464 | $0.00 | $0.00 |
| holding | Common shares without par value | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Held in the Ford Family Trust DTD June 2, 2014. The reporting person is co-trustee of the trust.
- F3. 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.
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What equity awards did Abbott (ABT) CEO Robert B. Ford receive?
How do Robert B. Ford’s new Abbott (ABT) stock options vest?
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