Alexander KarpAlexander Karp earned $1B in 2024

In 2024, Robert A. Michael earned $23.81M in total compensation at AbbVie, including $1.61M salary, $4.59M bonus and $15.12M in stock. Most recently acquired 61,362 shares in Feb 2025. Currently holds stock worth $32.50M. 1+ years at the helm of AbbVie.

Compensation History

Annual executive compensation data for Robert A. Michael, including salary, bonuses, and stock awards.

Year

2024

Total Compensation

$23.81M

Salary

$1.61M

Bonus

$4.59M

Other

$2.49M

Salary

$1.61M

Board Justification

We believe that a well-designed compensation program should: Align executive interests with the drivers of stockholder returns and profitable growth Support achievement of the company’s primary business goals to have a remarkable impact on patients’ lives Attract and retain world-class executives whose talents and contributions sustain the growth in long-term stockholder value

Bonus

$4.59M

Board Justification

The compensation reported in this column for 2024 was earned as a performance-based incentive award pursuant to the AbbVie Performance Incentive Plan. Additional information regarding the plan can be found in the “Compensation Plan Elements” section of this proxy statement.

Other Compensation

$2.49M

Board Justification

Earnings for Non-Qualified Defined Benefit and Non-Qualified Defined Contribution Plans: $143,399; Employer Contributions to Defined Contribution Plans: $80,370; Other 2024 Compensation: The totals shown in the table include the cost of providing a corporate automobile less the amount reimbursed by the NEO: $26,818; The totals shown in the table include a financial planning services allowance for each NEO: $10,000; 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: $211,248; The totals shown in the table also include (a) for Mr. Michael, the cost of providing security services for personal travel (including lodging, meals, transportation and incidentals for the security employee), and (b) for all NEOs, the cost of seasonal gifts.

Restricted Stock

$15.12M84.96K Performance Shares

Board Justification

These are performance shares that remained outstanding and unvested on December 31, 2024, from an award made on February 17, 2022. The award has the potential to vest at 0% to 250% of target after a 3-year performance period 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 at vesting only to the extent that shares are earned. In 2022, AbbVie’s EPS performance resulted in the banking of the award at 130% of target, with vesting to be determined based on the company’s relative TSR performance during the 3-year performance period that ends December 31, 2024. In 2024, AbbVie’s 3-year relative TSR performance resulted in a final vesting on February 28, 2025 of the award at 162.5% of target.

Performance Metrics

Platform Revenue, Income Before Taxes, Operating Margin, Return on Assets, Strategic and leadership goals

A

Robert A. Michael

CEO of AbbVie

Education

Bachelor's degree in Finance from the University of Illinois at Urbana-Champaign.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Healthcare

Born

January 1, 1972 - 53 years ago

CEO of AbbVie for

1 year 5 months (Jul 2024 - Present)

Previous Experience

President and Chief Operating Officer of AbbVie, previously served in various senior financial roles at AbbVie and Abbott Laboratories.

Holdings

Track Robert A. Michael's stock holdings and portfolio value over time.

Total Stock Sold

$20.04M

ABBV

$20.04M

129,101 ABBV shares

What if they kept their stock?

If Robert A. Michael didn't sell their stock, today they would have:
Extra ABBV129,101 shares worth $29.19M.
This is 45.64% and $9.15M more than what they got when they sold the stock.

Insider Trading

Robert A. Michael's recent stock transactions, purchases, and sales filed with the SEC.

ABBV

61,362 shares

ABBV

Feb 13, 2025

Received

ABBV

$12.15M

ABBV at $176.45/share

Feb 28, 2024

Sale

ABBV

84,957 shares

ABBV

Feb 15, 2024

Received

ABBV

109,103 shares

ABBV

Feb 16, 2023

Received

ABBV

$6.39M

ABBV at $148.32/share

Feb 25, 2022

Sale

ABBV

77,391 shares

ABBV

Feb 17, 2022

Received

ABBV

31,613 shares

ABBV

Feb 18, 2021

Received

ABBV

16,795 shares

ABBV

Feb 20, 2020

Received

ABBV

7,243 shares

ABBV

Feb 21, 2019

Received

ABBV

$512.85K

ABBV at $119.43/share

Feb 28, 2018

Sale

Rivals

Compare Robert A. Michael with competitor CEOs and industry peers.