Research Summary
AI-generated summary of this SEC filing
AbbVie CFO Scott Reents Receives Performance Awards
What Happened Scott T. Reents, Chief Financial Officer of AbbVie Inc. (ABBV), was the recipient of multiple performance-based equity awards reported 2026-02-18: 25,062; 8,910; 7,606; and 7,260 shares (all recorded at $0.00) and a derivative award of 21,937 option-share equivalents (also $0.00). The four share awards total 48,838 shares that will be issued to him on February 28, 2026 after the Compensation Committee certified performance goal attainment. The 21,937-unit grant is an employee stock option awarded under AbbVie’s 2013 Incentive Stock Program; it vests in annual increments (7,313 on 2/18/2027; 7,312 on 2/18/2028; 7,312 on 2/18/2029).
Key Details
- Transaction date reported: February 18, 2026; Form 4 filed Feb 20, 2026 (timely within typical two-business-day window).
- Price: $0.00 for all items (these are awards/grants, not purchases).
- Award breakdown: 25,062 (F1), 8,910 (F2), 7,606 (F3), 7,260 (F4) performance-based shares; 21,937 (F5) employee stock option units.
- Total equity units reported: 70,775 (48,838 shares + 21,937 option units).
- Shares to be issued: the awarded shares will be issued on Feb 28, 2026 per footnotes.
- Option vesting schedule (F5): exercisable in annual increments of 7,313 (2/18/2027), 7,312 (2/18/2028), and 7,312 (2/18/2029).
- Footnotes: awards were originally granted on 2/16/2023 (F1,F2), 2/15/2024 (F3), and 2/13/2025 (F4); performance vesting conditions were certified and released on 2/18/2026.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context These entries are awards/vesting events (code A) and an option grant, not open-market purchases or sales. Performance-based awards reflect company-approved achievement of pre-set metrics (EPS, relative TSR, ROE measures noted in footnotes) and will be issued on the stated date; the option is a standard employee grant subject to multi-year vesting. Such compensation filings are routine for executives and do not by themselves indicate a personal buy/sell decision.