Company: ABBV
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001558370-25-003537
Chunk: 49

Company: AbbVie Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 49
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814,003); S. Reents: $1,479,025 / $1,627,895 / $893,948; J. Stewart: $1,682,840 / $4,918,891 / $(1,248,100); A. Saleki-Gerhardt: $(329,624) / $1,462,884 / $(1,289,139); and T. Richmond $708,718. The changes in pension value result primarily from the following factors: (i) the effect of changes in the actuarial assumptions AbbVie uses to calculate plan liability for financial reporting purposes; (ii) additional pension benefit accrual under the Pension Plan and the Supplemental Pension Plan; and (iii) the impact of the time value of money on the pension value. Non-Qualified Defined Contribution Plan Earnings The totals in this column include reportable interest credited under the AbbVie Performance Incentive Plan and the AbbVie Supplemental Savings Plan. R. Michael: $335,617 / $123,213 / $1,607; R. Gonzalez: $1,863,298 / $1,331,617 / $439,214; S. Reents: $500,198 / $294,882 / $79,768; J. Stewart: $939,164 / $594,880 / $179,792; A. Saleki-Gerhardt: $1,052,397 / $707,787 / $223,236; and T. Richmond: $966,974.

| (5) | The amounts shown in this column include the change in pension value during the applicable year, which is attributable to changes in actuarial assumptions (primarily discount rate and mortality tables) and other factors based on plan design (primarily pay, service and age). |

The present value of a pension benefit is determined, in part, by the discount rate used for accounting purposes. The discount rate is determined by reference to the prevailing market rate of interest. In 2024, interest rates increased and the discount rates used for the Pension Plan and the Supplemental Pension Plan were increased to reflect that change. An increase in the discount rate decreases the present value of participants’ pension benefits while actual monthly payments to be made to participants are not changed. The discount rate used for 2024 was 5.85% for the Pension Plan and 5.80% for the Supplemental Pension Plan. The discount rate used for 2023 was