Company: ABBV
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001558370-25-003537
Chunk: 9

Company: AbbVie Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 9
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 for each NEO based on individual performance against goals and contributions to the short- and long-term performance of the company. Key components and design of our executive compensation program: Three primary components make up AbbVie’s executive pay program: base salary, short-term incentives, and long-term incentives. The structure of each component is tailored to serve a specific function and purpose. The following is a summary of the key components of our compensation program.

| ​ | ​                     | ​ | ​       | ​ | ​                                                         | ​ | ​                                                                                                                                                                                                                                  | ​ |
| ​ | Element               | ​ | Type    | ​ | Primary                                                   
 Objective                                                 | ​ | Key Characteristics                                                                                                                                                                                                                | ​ |
| ​ | ​                     | ​ | ​       | ​ | ​                                                         | ​ | ​                                                                                                                                                                                                                                  | ​ |
| ​ | Base Salary           | ​ | Fixed   | ​ | Attract & retain top talent                               | ​ | Individual salaries are established relative to market median based on each NEO’s individual performance, skills, experience, and internal equity, as well as the company’s annual operating budget                                | ​ |
| ​ | ​                     | ​ | ​       | ​ | ​                                                         | ​ | ​                                                                                                                                                                                                                                  | ​ |
| ​ | Short-Term Incentives | ​ | At-Risk | ​ | Encourage achievement of company’s primary business goals | ​ | Plan utilizes non-GAAP financial goals as well as an assessment of individual performance against strategic objectives:— Platform revenue— Income before taxes— Operating margin— Return on assets— Strategic and leadership goals | ​ |
| ​ | ​                     | ​ | ​       | ​ | ​                                                         | ​ | ​                                                                                                                                                                                                                                  | ​ |
| ​ | Long-Term Incentives  | ​ | At-Risk | ​ | Align NEO interests with stockholders                     | ​ | Long-term incentive annual awards are granted in the form of:— Performance shares and performance-vested restricted stock units (80% of NEO’s LTI award)— Non-qualified stock options (20% of NEO’s LTI award)                     | ​ |
| ​ | ​                     | ​ | ​       | ​ | ​                                                         | ​ | ​                                                                                                                                                                                                                                  | ​ |

2025 Proxy Statement |11

INFORMATION CONCERNING DIRECTOR NOMINEES

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| What am I voting on and how should I vote? | You are being asked to elect four Class I directors at the Annual Meeting.The Board of Directors recommends