Company: ABBV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001558370-25-002603
Chunk: 81

Company: AbbVie Inc.
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 81
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, converted or replaced on an equivalent basis by the surviving company upon a change in control. If the surviving company does not do so, the vesting of the awards is accelerated. If the surviving company does assume, convert or replace the awards on an equivalent basis, then accelerated vesting of the awards is limited to circumstances in which, during the period from six months before through two years after a change in control, the grantee’s employment is terminated without cause or the grantee resigns for good reason. The terms “cause” and “good reason” have the same definitions as in the change in control agreements. If a change in control had occurred on December 31, 2024 and the surviving company did not assume, convert or replace any of the awards, or the surviving company did so and the NEO’s employment had terminated without cause or they had resigned for good reason, as described above, then the unvested equity awards of the NEOs would have vested as follows:

| ● | Mr. Michael would have vested in (i) 106,325 unvested AbbVie stock options with a value of $1,530,429, (ii) 57,097 AbbVie restricted stock units with a value of $10,638,436, and (iii) 95,157 AbbVie performance shares with a value of $17,803,375. |

| ● | Mr. Gonzalez would have vested in (i) 242,535 unvested AbbVie stock options with a value of $4,165,589, (ii) 133,425 AbbVie restricted stock units with a value of $24,990,810, and (iii) 231,271 AbbVie performance shares with a value of $43,527,674. |

| ● | Mr. Reents would have vested in (i) 57,820 unvested AbbVie stock options with a value of $834,056, (ii) 37,897 AbbVie restricted stock units with a value of $6,986,474, and (iii) 48,715 AbbVie performance shares with a value of $9,071,666. |

| ● | Mr. Stewart would have vested in (i) 74,897 unvested AbbVie stock options with a value of $1,163,204, (ii) 54,442 AbbVie restricted stock units with a value of $10,038,152