Company: ABBV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001558370-25-002603
Chunk: 35

Company: AbbVie Inc.
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 35
---
 talent development and management approaches, that meet our employees’ talent and career needs. The diversity we seek is broad and includes many unique life experiences and factors. We are proud of our ability to hire and promote based on merit and qualification while still fostering an inclusive workplace where all employees can perform and thrive. |

| ● | Building inclusive leadership. We continued our focus on enhancing inclusive leadership capabilities across all people leaders, with emphasis on understanding, skill building, and accountability. We continued to build inclusive leadership behaviors related to how leaders lead people and teams. |

| ● | Strengthening community, well-being and belonging. We continued to enhance the impact of our inclusive culture by addressing opportunities for belonging and well-being. |

Annual Incentive Payout Matrix A formal payout matrix based on platform revenue and income before taxes guides the committee by capping the range of final awards at or below the plan maximum of 200% of target. The matrix is used to ensure alignment between PIP payout outcomes and company financial performance. In 2024, the compensation committee maintained a payout matrix capped at 190% of target. For 2024, actual platform revenue performance was 106% compared to target, while actual income before taxes was 105% compared to target. As a result of this performance, the annual incentive payout matrix capped the annual incentives at 190% of target, below the plan maximum of 200% of target.

| Annual Incentive             
 Payout Matrix(1)             |   |   |   | ​ | ​           
 2023 Actual | ​       |   |               |      ​ | ​           
 2024 Target | ​       | ​ | 2024 Target vs. 
     2023 Actual |   |   |                          | ​ | ​           
 2024 Actual | ​       |      ​ | 2024 Actual vs. 
     2024 Target | ​ 
 ​ |
|:-----------------------------|:--|:--|:--|:--|:------------|:--------|:--|:--------------|-------:|:------------|:--------|:--|----------------:|:--|:--|:-------------------------|:--|:------------|:--------|-------:|----------------:|:--|
| Platform Revenue(2)          |   |   |   | ​ | $           | 40.0 BN |   |               |     -2 | $           | 44.7 BN | ​ |             112 |   |