Salvadori Daniel Gesua Sive 4
Research Summary
AI-generated summary
Abbott (ABT) EVP Daniel Salvadori Receives Stock Awards
What Happened
Daniel Gesua Sive Salvadori, EVP and Group President of Abbott Laboratories (ABT), was granted compensation awards on February 24, 2026. The filing shows: a performance-based restricted stock award of 21,644 shares (acquired at $0) and a derivative award of 89,226 shares (reported at $0) under Abbott’s 2017 Incentive Stock Program. No cash was paid; these are company compensation grants, not open-market purchases or sales.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely filing).
- Reported price: $0.00 for both the restricted stock award and the derivative award (grant).
- Footnote F1: The 21,644 shares are performance-based restricted stock with a 3-year term; no more than 1/3 may vest each year subject to Abbott meeting a minimum return on equity target. The award allows shares to be withheld for tax purposes.
- Footnote F2: The 89,226-share derivative is an employee stock option granted under the 2017 Incentive Stock Program; it vests/exercises in annual increments of 29,742 on Feb 24 of 2027, 2028 and 2029 and was granted in a transaction exempt from Section 16 under Rule 16b‑3.
- Shares owned after the transaction: not specified in the filing summary provided.
Context
These entries are grants of compensation (restricted stock and options), which are routine for executives and do not represent an open-market buy or sale. Performance RSUs depend on future company performance targets before vesting; the options vest over three years and become exercisable in equal annual tranches. Grants signal expected retention/compensation rather than an immediate view on the stock price.