Robert A. Michael - 16 Feb 2023 Form 4 Insider Report for AbbVie Inc. (ABBV)

Role: VICE CHAIRMAN
Signature: Steven L. Scrogham, attorney-in-fact for Robert A. Michael
Issuer symbol: ABBV
Transactions as of: 16 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2023, 16:59:24 UTC
Previous filing: 01 Mar 2022
Next filing: 02 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABBV	Common Stock, $0.01 par value	Award	$0	+69,517	+184%	$0.000000	107,394	16 Feb 2023	Direct	F1
transaction	ABBV	Common Stock, $0.01 par value	Award	$0	+16,220	+15%	$0.000000	123,614	16 Feb 2023	Direct	F2
transaction	ABBV	Common Stock, $0.01 par value	Award	$0	+13,218	+11%	$0.000000	136,832	16 Feb 2023	Direct	F3
transaction	ABBV	Common Stock, $0.01 par value	Award	$0	+10,148	+7.4%	$0.000000	146,980	16 Feb 2023	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ABBV	Option (Right to Buy)	Award	$0	+45,577		$0.000000	45,577	16 Feb 2023	Common Stock	45,577	$149.62	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of AbbVie common stock issued under a performance share award granted to the reporting person on February 20, 2020. The award is subject to performance-vesting restrictions based on earnings per share and relative total shareholder return. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2023.
F2	Represents shares of AbbVie common stock issued under a performance-vesting restricted stock unit award granted to the reporting person on February 20, 2020. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2023.
F3	Represents shares of AbbVie common stock issued under a performance vesting restricted stock unit award granted to the reporting person on February 18, 2021. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2023.
F4	Represents shares of AbbVie common stock issued under a performance vesting restricted stock unit award granted to the reporting person on February 17, 2022. The award is subject to performance-vesting restrictions based on a relative return on equity measure. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of AbbVie's Board of Directors. The shares will be issued to the reporting person on February 28, 2023.
F5	Employee stock option granted pursuant to the AbbVie Amended and Restated 2013 Incentive Stock Program in a transaction exempt from Section 16 under Rule 16b-3. The option becomes exercisable in annual increments of 15,193 on February 16, 2024, 15,192 on February 16, 2025, and 15,192 on February 16, 2026.