ABT
Abbott Laboratories
NYSE
Form 4: Abbott Laboratories Executive Vice President Hubert L. Allen Reports Stock Transactions
Sentiment:
SEC Form 4
23 October 2024 5:10 PM
Executive Vice President Hubert L. Allen of Abbott Laboratories reports the exercise of stock options and subsequent sale of shares on October 21, 2024.
Summary
- On October 21, 2024, Hubert L. Allen, an Executive Vice President at Abbott Laboratories, exercised stock options to acquire 157,421 common shares at a price of $47 per share.
- Following the exercise of these options, Allen sold a total of 157,421 shares in multiple transactions at weighted average prices of $118.81, $118.15, and $116.98.
- After these transactions, Allen directly owns 184,806 common shares of Abbott Laboratories.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the executive's actions regarding their stock holdings.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity. It's common for executives to exercise stock options and sell shares for personal financial management.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice across publicly traded companies, including Abbott's competitors such as Johnson & Johnson, Medtronic, and Danaher.
- The timing and volume of these transactions are often influenced by factors such as personal financial planning, company performance, and market conditions.
- Similar filings can be observed for executives at comparable companies, reflecting standard compensation practices and regulatory requirements.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the overall trading volume of Abbott Laboratories.
- The transactions provide transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
- 02/20/2018: Date the options became exercisable
- 02/19/2025: Expiration date of the options
- 10/21/2024: Date of the reported transactions (exercise of options and sale of shares)
- 10/23/2024: Date of the report filing
Keywords
ABT
Abbott Laboratories
NYSE
Sector: TBD
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