Abbott (NYSE: ABT) EVP granted options and performance stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ABBOTT LABORATORIES executive Christopher J. Scoggins reported equity awards consisting of stock options and performance-based shares. He received an employee stock option for 76,273 common shares at an exercise price of $0.0000 per share, granted under the Abbott Laboratories 2017 Incentive Stock Program.
The option becomes exercisable in three annual increments of 25,424 shares on February 24, 2027, 25,424 shares on February 24, 2028, and 25,425 shares on February 24, 2029. He was also granted 18,502 common shares as a performance-based restricted stock award with a three-year term, with no more than one‑third vesting in any year upon Abbott reaching a minimum return on equity target, and the award allows shares to be withheld for taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Scoggins Christopher J
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (right to buy) | 76,273 | $0.00 | -- |
| Grant/Award | Common shares without par value | 18,502 | $0.00 | -- |
Holdings After Transaction:
Option (right to buy) — 76,273 shares (Direct);
Common shares without par value — 82,123 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 25,424 on February 24, 2027, 25,424 on February 24, 2028, and 25,425 on February 24, 2029.
FAQ
What did Abbott Laboratories (ABT) executive Christopher J. Scoggins receive in this Form 4 filing?
Christopher J. Scoggins reported receiving an employee stock option and a performance-based restricted stock award. The option covers 76,273 common shares, while the restricted stock award covers 18,502 common shares, all granted under the Abbott Laboratories 2017 Incentive Stock Program.
How do the new Abbott (ABT) stock options granted to Christopher J. Scoggins vest?
The employee stock option for 76,273 Abbott common shares vests in three annual tranches. It becomes exercisable for 25,424 shares on February 24, 2027, 25,424 shares on February 24, 2028, and 25,425 shares on February 24, 2029, according to the grant terms.
What are the terms of the performance-based restricted stock award reported for ABT’s Christopher J. Scoggins?
The performance-based restricted stock award covers 18,502 Abbott common shares over a three-year term. No more than one-third of the award may vest in any single year, and vesting depends on Abbott reaching a minimum return on equity target specified in the incentive program.
Under which plan were Christopher J. Scoggins’s Abbott (ABT) equity awards granted?
Both the employee stock option and the performance-based restricted stock award for Christopher J. Scoggins were granted under the Abbott Laboratories 2017 Incentive Stock Program, which governs vesting schedules, performance conditions, and related terms for these equity incentives.
Are the equity awards to Abbott (ABT) executive Christopher J. Scoggins classified as acquisitions or open-market purchases?
The awards are classified as grant or award acquisitions, not open-market purchases. The Form 4 identifies both the stock option and the restricted stock award with transaction code “A,” meaning they are equity grants provided under Abbott’s 2017 Incentive Stock Program.