Abbott (NYSE: ABT) awards director 2,286 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Conroy Kevin T reported acquisition or exercise transactions in this Form 4 filing.
Abbott Laboratories director Kevin T. Conroy received a grant of 2,286 common shares in the form of restricted stock units. These units were awarded under the Abbott Laboratories 2026 Incentive Stock Program as compensation, not through an open-market purchase.
The award will be settled one-for-one in Abbott common shares upon the earlier of his separation from service, death, or a change in control as defined in the program. After this grant, Conroy directly holds 133,737 Abbott common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Conroy Kevin T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares without par value | 2,286 | $0.00 | -- |
Holdings After Transaction:
Common shares without par value — 133,737 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock unit award: 2,286 shares
Shares held after transaction: 133,737 shares
Transaction price per share: $0.00
3 metrics
Restricted stock unit award
2,286 shares
Grant under Abbott Laboratories 2026 Incentive Stock Program
Shares held after transaction
133,737 shares
Director Kevin T. Conroy direct holdings after Form 4 grant
Transaction price per share
$0.00
Compensation grant, not open-market purchase
Key Terms
restricted stock unit, Abbott Laboratories 2026 Incentive Stock Program, change in control
3 terms
restricted stock unit financial
"Restricted stock unit award granted under the Abbott Laboratories 2026 Incentive Stock Program"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Abbott Laboratories 2026 Incentive Stock Program financial
"award granted under the Abbott Laboratories 2026 Incentive Stock Program (the "Program")"
change in control financial
"death, or the occurrence of a change in control (as defined by the Program)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Abbott Laboratories (ABT) director Kevin T. Conroy receive in this Form 4 filing?
Kevin T. Conroy received a grant of 2,286 restricted stock units tied to Abbott common shares. The award was issued as compensation under the Abbott Laboratories 2026 Incentive Stock Program, rather than bought on the open market, and increases his direct share holdings.
How and when will Kevin T. Conroy’s Abbott (ABT) restricted stock units be paid out?
The restricted stock units will be paid in Abbott common shares on a one-to-one basis. Payment occurs at the earlier of Conroy’s separation from service, his death, or a change in control of Abbott as defined in the 2026 Incentive Stock Program.
Is the Abbott (ABT) Form 4 transaction an open-market purchase or a compensation grant?
The Form 4 transaction reflects a compensation grant, not an open-market purchase. Kevin T. Conroy received 2,286 restricted stock units at no stated purchase price under Abbott’s 2026 Incentive Stock Program, consistent with a director equity award structure.
What program governs Kevin T. Conroy’s restricted stock unit award from Abbott (ABT)?
The award is granted under the Abbott Laboratories 2026 Incentive Stock Program. This program sets the terms, including that the restricted stock units convert into Abbott common shares upon separation from service, death, or a defined change in control event.