Abbott (NYSE: ABT) SVP receives 13,255-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ORVILLE JACOB A reported acquisition or exercise transactions in this Form 4 filing.
ABBOTT LABORATORIES Senior Vice President Orville Jacob A received a grant of 13,255 common shares as a restricted stock award under the Abbott Laboratories 2017 Incentive Stock Program. The award has a 2-year term, with one-half vesting in any one year beginning on March 23, 2027.
Following this grant, he directly holds 50,493 common shares. The award includes the right to have shares withheld to cover tax obligations rather than paying taxes in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ORVILLE JACOB A
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares without par value | 13,255 | $0.00 | -- |
Holdings After Transaction:
Common shares without par value — 50,493 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Abbott (ABT) report for Orville Jacob A?
Abbott reported that Senior Vice President Orville Jacob A acquired 13,255 common shares through a restricted stock award. The shares were granted at no cash cost as part of the Abbott Laboratories 2017 Incentive Stock Program, reflecting equity-based executive compensation.
What are the vesting terms and schedule for the Abbott (ABT) restricted stock award?
The restricted stock award has a 2-year term. One-half of the 13,255 granted shares may vest in any one year, with vesting beginning on March 23, 2027, meaning the shares become earned and transferable over that period according to program rules.
What is the nature of the Abbott Laboratories 2017 Incentive Stock Program award reported for ABT?
The filing describes the grant as a restricted stock award under the Abbott Laboratories 2017 Incentive Stock Program. Such awards give executives common shares subject to vesting conditions, aligning compensation with long-term company performance and shareholder interests over the award’s two-year term.