Abbott (ABT) SVP Eric Shroff granted options and performance stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abbott Laboratories Senior Vice President Eric Shroff reported equity awards that increase his direct holdings. He received an option for 44,821 shares at an exercise price of $0.00 and a grant of 10,873 common shares, both characterized as awards or other acquisitions.
The 10,873-share grant is a performance-based restricted stock award under the Abbott Laboratories 2017 Incentive Stock Program with a three-year term and no more than one-third vesting in any year, tied to a minimum return on equity target. The 44,821-share employee stock option, also under the 2017 program, becomes exercisable in annual increments of 14,940 shares on February 24, 2027 and February 24, 2028, and 14,941 shares on February 24, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shroff Eric
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 44,821 | $0.00 | -- |
| Grant/Award | Common shares without par value | 10,873 | $0.00 | -- |
Holdings After Transaction:
Option (right to buy) — 44,821 shares (Direct);
Common shares without par value — 41,257 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 14,940 on February 24, 2027, 14,940 on February 24, 2028, and 14,941 on February 24, 2029.
FAQ
What equity awards did Abbott (ABT) executive Eric Shroff receive?
Eric Shroff received an option for 44,821 Abbott shares and a grant of 10,873 common shares. Both are awards under the Abbott Laboratories 2017 Incentive Stock Program, increasing his direct equity exposure through performance-based restricted stock and time-vesting stock options.
How do Eric Shroff’s new Abbott (ABT) stock options vest?
The 44,821-share employee stock option vests in three equal annual installments. It becomes exercisable for 14,940 shares on February 24, 2027, 14,940 shares on February 24, 2028, and 14,941 shares on February 24, 2029, subject to the program’s standard terms.
What are the terms of Eric Shroff’s performance-based Abbott (ABT) stock award?
The 10,873-share award is performance-based restricted stock with a three-year term. No more than one-third can vest in any year, and vesting depends on Abbott reaching a minimum return on equity target, aligning potential share delivery with company performance over time.
Are Eric Shroff’s Abbott (ABT) equity awards under a specific incentive plan?
Both the stock option and the performance-based restricted stock award were granted under the Abbott Laboratories 2017 Incentive Stock Program. The option grant is described as exempt from Section 16 under Rule 16b-3, reflecting its status as a compensation-related employee award.