Company: ABBV
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0001558370-25-002603
Chunk: 50

Company: AbbVie Inc.
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 50
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; R. Gonzalez: $80,192; S. Reents: $53,654; J. Stewart: $63,447; A. Saleki-Gerhardt: $51,096; and T. Richmond $51,096. These amounts include AbbVie contributions to the AbbVie Savings Plan and the AbbVie Supplemental Savings Plan, as applicable. The Supplemental Savings Plan permits eligible NEOs to contribute amounts in excess of the annual limit set by the Internal Revenue Code for employee contributions to 401(k) plans up to the excess of (i) 18 percent of their base salary over (ii) the amount contributed to AbbVie’s tax-qualified 401(k) plan. AbbVie matches participant contributions at the rate of 250 percent of the first 2 percent of compensation contributed to the plan. The eligible NEOs have these amounts paid to them in cash on a current basis and deposited into a grantor trust established by the NEO, net of maximum tax withholdings. Other 2024 Compensation The totals shown in the table include the cost of providing a corporate automobile less the amount reimbursed by the NEO: R. Michael: $26,818; R. Gonzalez: $13,962; S. Reents: $25,632; J. Stewart: $32,920; A. Saleki-Gerhardt: $23,152; and T. Richmond: $24,618. AbbVie imputes income to the NEO, if required, and the NEO pays taxes in accordance with tax regulations without gross-ups. The totals shown in the table include a financial planning services allowance for each NEO: R. Michael: $10,000; R. Gonzalez: $10,000; S. Reents: $10,000; J. Stewart: $10,000; A. Saleki-Gerhardt: $10,000; and T. Richmond: $10,000. AbbVie imputes income to the NEO, if required, and the NEO pays taxes in accordance with tax regulations without gross-ups. The totals shown in the table include the following costs for non-business-related air travel and services less the amount reimbursed by the NEO: R. Michael: $211,248; R. Gonzalez: $332,115; and S. Reents: $48,844. AbbVie determines the incremental cost for flights based on the direct cost to AbbVie, including fuel costs, parking, handling and landing