Company: ABBV
Filing Date: 2025-06-13
Form Type: 11-K
Source: 0001104659-25-059360
Chunk: 23

Company: AbbVie Inc.
Filing Date: 2025-06-13
Form: 11-K
Chunk 23
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 recorded when paid.

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AbbVie Puerto Rico Savings Plan

NOTES TO FINANCIAL STATEMENTS - CONTINUED

December 31, 2024 and 2023

NOTE C - INVESTMENTS

A summary of AbbVie common share data as of December 31, is presented
below:

|                                                              |     |   |    2024 |     |   |    2023 |
|:-------------------------------------------------------------|:----|:--|--------:|:----|:--|--------:|
| AbbVie common shares,                                        
 1,290,504 and 1,289,881, respectively (dollars in thousands) |     | $ | 229,322 |     | $ | 199,893 |
| Market value per share                                       |     | $ |  177.70 |     | $ |  154.97 |

In general, the investments provided by
the Plan are exposed to various risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated
with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near
term and that such changes could materially affect participant accounts and the amounts reported in the statements of net assets available
for benefits.

NOTE D - RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS

The Plan invests in the common stock of
AbbVie. These transactions qualify as party-in-interest transactions; however, they are exempt from the prohibited transaction rules under
ERISA. During 2024, the Plan received $7.8 million in common stock dividends from AbbVie.

Participants pay fees to the recordkeeper
for loan and withdrawal transaction processing and also pay commissions on purchases and sales of AbbVie shares and sales of Abbott stock.
These transactions qualify as permitted party-in-interest transactions.

NOTE E - PLAN TERMINATION

The Plan may be terminated or contributions
discontinued at any time by AbbVie Ltd. upon written notice to the Trustee and Committee. All participants’ account balances are
fully vested upon Plan termination. Upon termination of the Plan, distributions of each participant’s share in the Trust, as determined
by the terms of the Plan, will be made to each participant. At the present time, AbbVie has no intention of terminating the Plan.

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AbbVie Puerto Rico Savings Plan

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