Abbott (NYSE: ABT) EVP granted stock options and performance shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cushman Elizabeth C. reported acquisition or exercise transactions in this Form 4 filing.
Abbott Laboratories executive Elizabeth C. Cushman, EVP, GC and Secretary, reported equity awards on February 24, 2026. She received an employee stock option for 61,964 options under the Abbott 2017 Incentive Stock Program, exercisable in three annual installments starting in 2027. She was also granted 15,031 performance-based restricted 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 and allowing shares to be withheld for taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cushman Elizabeth C.
Role
EVP, GC AND SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 61,964 | $0.00 | -- |
| Grant/Award | Common shares without par value | 15,031 | $0.00 | -- |
Holdings After Transaction:
Option (right to buy) — 61,964 shares (Direct);
Common shares without par value — 40,257 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 20,654 on February 24, 2027, 20,655 on February 24, 2028, and 20,655 on February 24, 2029.
FAQ
What equity awards did Abbott (ABT) executive Elizabeth C. Cushman receive?
Elizabeth C. Cushman received 61,964 stock options and 15,031 performance-based restricted shares under Abbott’s 2017 Incentive Stock Program. The options and shares vest over multiple years, subject to specific schedule and performance conditions described in the awards.
How do Elizabeth C. Cushman’s new Abbott (ABT) stock options vest?
Cushman’s 61,964 employee stock options vest in three annual increments. They become exercisable for 20,654 options on February 24, 2027, and for 20,655 options on both February 24, 2028, and February 24, 2029, under Abbott’s 2017 Incentive Stock Program.
What are the performance conditions on Abbott (ABT) restricted stock granted to Elizabeth C. Cushman?
The 15,031 restricted shares are performance-based with a three-year term. No more than one-third can vest in any year, and vesting requires Abbott to reach a minimum return-on-equity target, directly linking Cushman’s award value to the company’s profitability performance.
Are taxes addressed in Elizabeth C. Cushman’s Abbott (ABT) restricted stock award?
Yes. The performance-based restricted stock award includes a feature allowing shares to be withheld for tax purposes. This means Abbott can retain a portion of vested shares to cover applicable taxes instead of Cushman paying cash separately.
Under what program were Elizabeth C. Cushman’s Abbott (ABT) equity awards granted?
Both the stock options and performance-based restricted shares were granted under the Abbott Laboratories 2017 Incentive Stock Program. The Form 4 notes the employee stock option grant occurred in a transaction exempt from Section 16 under Rule 16b-3.
What type of Form 4 transactions did Abbott (ABT) report for Elizabeth C. Cushman?
The Form 4 reports two acquisition-type transactions coded “A.” One is a grant of 61,964 stock options, and the other is a grant of 15,031 performance-based restricted shares, both treated as grant or award acquisitions rather than open-market purchases.