Form 4: AbbVie Director Frederick H. Waddell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Frederick H. Waddell reports acquisition of restricted stock units and disposal of common stock in AbbVie Inc.
Summary
- On May 3, 2024, Frederick H. Waddell, a director of AbbVie Inc., reported changes in beneficial ownership of the company's securities.
- Waddell acquired 1,322 restricted stock units under the AbbVie Amended and Restated 2013 Incentive Stock Program.
- These restricted stock units will be paid in shares of AbbVie common stock upon separation from service, death, or a change in control.
- Waddell also disposed of 27,755 shares of common stock.
- Following these transactions, Waddell beneficially owns 27,755 shares of AbbVie common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.
Future Outlook
The restricted stock units will be paid out in AbbVie common stock upon the earlier of the director's separation from service, death, or a change in control, as defined in the 2013 Incentive Stock Program.
Industry Context
This filing is a routine disclosure of insider transactions, which are closely monitored by investors for insights into management's perspective on the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the transactions of company directors as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| July 10, 2023 | Date of Power of Attorney granted to PERRY C. SIATIS, EMILY A. WEITH, and T.O. ODUTAYO to act on behalf of Frederick H. Waddell for SEC filings. |
| May 03, 2024 | Date of transaction involving acquisition of restricted stock units and disposal of common stock. |
| May 07, 2024 | Date of signature on the Form 4 filing by T.O. Odutayo, Attorney-in-Fact for Frederick H. Waddell. |
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