Form 4: AbbVie Executive Timothy J. Richmond Reports Stock Disposal
SEC Form 4 Filing
EVP and Chief HR Officer of AbbVie, Timothy J. Richmond, reports disposing of shares to cover tax obligations.
Summary
- On February 28, 2024, Timothy J. Richmond, EVP and Chief HR Officer of AbbVie Inc., reported a transaction involving the disposal of 23,847 shares of common stock.
- The shares were disposed of at a price of $178.99 per share.
- Following the transaction, Richmond directly owns 43,817 shares of AbbVie Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
- It may have a minor impact on stock price due to the disposal of shares, but is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the stock transaction. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.