Company: ABBV
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001558370-25-003537
Chunk: 35

Company: AbbVie Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 35
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 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 |   |   |                          | % | $           | 47.3 BN |     -2 |             106 | % |
| Non-GAAP Income Before Taxes |   |   |   | ​ | $           | 24.4 BN |   |               | (3)  ​ | $           | 23.5 BN | ​ |              96 |   |   |                          | % | $