Abbott (NYSE: ABT) grants EVP stock options and performance shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Salvadori Daniel Gesua Sive
Role
EVP AND GROUP PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 89,226 | $0.00 | -- |
| Grant/Award | Common shares without par value | 21,644 | $0.00 | -- |
Holdings After Transaction:
Option (right to buy) — 89,226 shares (Direct);
Common shares without par value — 153,877 shares (Direct)
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. 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?
Abbott reported that EVP and Group President Daniel Gesua Sive Salvadori received an option for 89,226 shares and a performance-based restricted stock award of 21,644 common shares, both granted under the Abbott Laboratories 2017 Incentive Stock Program.
How do the new Abbott (ABT) stock options for Daniel Gesua Sive Salvadori vest?
The employee stock option for 89,226 Abbott shares vests in three equal annual increments of 29,742 shares on February 24, 2027, February 24, 2028, and February 24, 2029, as specified under the Abbott Laboratories 2017 Incentive Stock Program.
What are the terms of the performance-based restricted stock award Abbott (ABT) granted?
The 21,644-share performance-based restricted stock award has a three-year term, with no more than one-third vesting in any year. Vesting depends on Abbott reaching a minimum return on equity target and includes the right to have shares withheld to satisfy tax obligations.
Does the Abbott (ABT) Form 4 show a stock purchase or a compensation grant?
The Form 4 reflects equity compensation grants, not open-market stock purchases. It reports a granted employee stock option and a performance-based restricted stock award to executive Daniel Gesua Sive Salvadori under the Abbott Laboratories 2017 Incentive Stock Program.
What program governs the new equity awards to the Abbott (ABT) executive?
Both the stock option and the performance-based restricted stock award were granted under the Abbott Laboratories 2017 Incentive Stock Program, which provides for equity-based compensation such as options and restricted shares to Abbott employees and executives.
Are the Abbott (ABT) equity awards to Daniel Gesua Sive Salvadori immediately exercisable or vested?
The 89,226-share stock option is not immediately exercisable and becomes exercisable in three annual tranches starting February 24, 2027. The 21,644 restricted shares vest over a three-year term, subject to a minimum return on equity target.