Company: ABBV
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001558370-25-003537
Chunk: 53

Company: AbbVie Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 53
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 the column captioned “Non-Equity Incentive Plan Compensation.” The plan is described in greater detail in the section of this proxy statement captioned “Compensation Discussion and Analysis—Compensation Plan Elements—Short-Term Incentives and 2024 Results.” |

| (2) | This is a performance share award that has the potential to vest at 0% to 250% of target after a three-year performance period and is earned based on company performance in earnings per share (EPS) and relative total stockholder return (TSR). TSR performance is measured relative to a group made up of companies that are constituents in either the S&P Pharmaceutical, Biotech, and Life Science Index or the NYSE Arca Pharmaceutical Index. Dividends accrue during the performance period and are paid in cash at vesting only to the extent that shares are earned. The threshold amounts shown represent 25% of the performance shares |

2025 Proxy Statement |55

| ​                      | ​ |
| EXECUTIVE COMPENSATION | ​ |

| that could have been earned at threshold EPS performance of $9.58 (50% payout), adjusted by -25% for threshold relative TSR performance of 15 points below the index. No performance shares would be earned for EPS performance below threshold. In 2024, AbbVie’s actual EPS performance resulted in the banking of the award on February 28, 2025 at 200% of target, with vesting to be determined based on the company’s relative TSR performance following the three-year performance period that ends December 31, 2026. The performance metrics are described in the section of this proxy statement captioned “Compensation Discussion and Analysis—Compensation Plan Elements—Long-Term Incentives and 2024 Results.” |

| (3) | This is a performance-vested restricted stock unit award that has the potential to vest at 0% to 200% of target in one-third increments during a three-year performance period and is earned based on AbbVie’s return on invested capital (ROIC) relative to a group made up of companies that are constituents in either the S&P Pharmaceutical, Biotech, and Life Science Index or the NYSE Arca Pharmaceutical Index. Dividends accrue during the performance period and are paid in cash at vesting only to the extent that shares are earned. The threshold amounts shown represent 50% of the performance-vested restricted stock units that may be earned at threshold ROIC performance of