Form 4: AbbVie SVP, Controller Kevin K. Buckbee Reports Stock Sales and Transfer

AbbVie's SVP, Controller Kevin K. Buckbee, reported the sale of 5,144 shares and a transfer of 1,745 shares due to a domestic relations order.

Summary

• On February 28, 2024, Kevin K. Buckbee, SVP, Controller at AbbVie Inc., had 5,339 shares withheld to cover taxes.
• On February 29, 2024, Buckbee sold 5,144 shares of AbbVie common stock at a weighted average price of $176.65 per share.
• The sales occurred in multiple transactions with prices ranging from $176.65 to $176.68.
• Buckbee also transferred 1,745 shares of common stock to his former spouse due to a domestic relations order.
• Following these transactions, Buckbee directly owns 6,983 shares of AbbVie stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at AbbVie.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares involved.
• The transfer of shares to a former spouse is a personal matter and unlikely to have a significant impact on stakeholders.

Key Dates