Company: ABBV
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001551152-25-000049
Chunk: 49

Company: AbbVie Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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Research and development76 67 315 274 Selling, general and administrative123 102 440 429 Pre-tax compensation expense209 181 798 747 Tax benefit(35)(33)(139)(127)After-tax compensation expense$174 $148 $659 $620 In addition to stock-based compensation expense included in the table above and in connection with the 2025 acquisition of Capstan and the 2024 acquisitions of ImmunoGen and Cerevel Therapeutics, AbbVie incurred cash-settled, post-closing expense for employee incentive awards related to these transactions, which is summarized in the table below:Three months endedSeptember 30,Nine months endedSeptember 30,(in millions)2025202420252024Cost of products sold$— $5 $— $36 Research and development285828184Selling, general and administrative679867290Total post-closing cash settled expense$95 $161 $95 $510 Stock OptionsDuring the nine months ended September 30, 2025, primarily in connection with the company's annual grant, AbbVie granted 0.6 million stock options with a weighted-average grant-date fair value of $38.39. As of September 30, 2025, $9 million of unrecognized compensation cost related to stock options is expected to be recognized as expense over approximately the next two years.

2025 Form 10-Q | 19

RSUs and Performance SharesDuring the nine months ended September 30, 2025, primarily in connection with the company's annual grant, AbbVie granted 4.9 million RSUs and performance shares with a weighted-average grant-date fair value of $193.72. As of September 30, 2025, $767 million of unrecognized compensation cost related to RSUs and performance shares is expected to be recognized as expense over approximately the next two years.Cash DividendsThe following table summarizes quarterly cash dividends declared during 2025 and 2024:20252024Date DeclaredPayment DateDividend Per ShareDate DeclaredPayment DateDividend Per Share10/31/2502/17/26$1.73 10/30/2402/14/25$1.64 09/05/2511/14/25$1.64 09/06/2411/15/24$1.55 06/20/2508/15/25