Abbott EVP Receives Stock Option and Share Awards
ABBOTT LABORATORIES executive Daniel Gesua Sive Salvadori reported awards of equity-based compensation.
Rhea-AI Filing Summary
ABBOTT LABORATORIES executive Daniel Gesua Sive Salvadori reported awards of equity-based compensation. He received an option to buy 89,226 Abbott shares at an exercise price of $0.00 per share under the 2017 Incentive Stock Program, with the option becoming exercisable in three equal annual installments of 29,742 shares on February 24, 2027, February 24, 2028, and February 24, 2029. He also acquired 21,644 common shares as a performance-based restricted stock award with a three-year term, where no more than one-third of the award can vest in any one year, subject to Abbott reaching a minimum return on equity target, and the award allows shares to be withheld to cover taxes.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 89,226 | $0.00 | $0.00 |
| Grant/Award | Common shares without par value | 21,644 | $0.00 | $0.00 |
Footnotes (2)
- 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. 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 29,742 on February 24, 2027, 29,742 on February 24, 2028, and 29,742 on February 24, 2029.
FAQ
What insider transactions did Abbott (ABT) report for Daniel Gesua Sive Salvadori?
How do the new Abbott (ABT) stock options for Daniel Gesua Sive Salvadori vest?
What are the terms of the performance-based restricted stock award Abbott (ABT) granted?
Does the Abbott (ABT) Form 4 show a stock purchase or a compensation grant?
What program governs the new equity awards to the Abbott (ABT) executive?
Are the Abbott (ABT) equity awards to Daniel Gesua Sive Salvadori immediately exercisable or vested?
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