Abbott director awarded 231 stock equivalent units
Abbott Laboratories director Kevin T. Conroy reported a compensation-related award of stock equivalent units.
Rhea-AI Filing Summary
Abbott Laboratories director Kevin T. Conroy reported a compensation-related award of stock equivalent units. On this Form 4, he acquired 231 stock equivalent units at a reference price of $90.74 per unit, bringing his total reported holdings of this derivative instrument to 231 units.
The award represents director fees credited to a stock equivalent unit account under a grantor trust established by the director. These units track Abbott common share performance and are paid in cash, generally at age 65 or upon retirement from the board, rather than involving open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Equivalent Units | 231 | $90.74 | $21K |
Footnotes (1)
- F1. Director fees credited to a stock equivalent unit account under a grantor trust established by the director and paid, in cash, generally at age 65 or upon retirement from the board. The stock equivalent units earn the same return as if the fees were invested in Abbott stock.
Key Figures
Key Terms
Stock Equivalent Units financial
grantor trust financial
director fees financial
underlying security financial
FAQ
What insider transaction did Abbott Laboratories (ABT) report for Kevin T. Conroy?
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