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
$1.61MBoard 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
$4.59MBoard 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
$2.49MBoard 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
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
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.
Other AbbVie CEOs
Holdings
Track Robert A. Michael's stock holdings and portfolio value over time.
Total Stock Sold
$20.04M
$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.
61,362 shares
ABBV
Feb 13, 2025
Received
$12.15M
ABBV at $176.45/share
Feb 28, 2024
Sale
84,957 shares
ABBV
Feb 15, 2024
Received
109,103 shares
ABBV
Feb 16, 2023
Received
$6.39M
ABBV at $148.32/share
Feb 25, 2022
Sale
77,391 shares
ABBV
Feb 17, 2022
Received
31,613 shares
ABBV
Feb 18, 2021
Received
16,795 shares
ABBV
Feb 20, 2020
Received
7,243 shares
ABBV
Feb 21, 2019
Received
$512.85K
ABBV at $119.43/share
Feb 28, 2018
Sale
Rivals
Compare Robert A. Michael with competitor CEOs and industry peers.
Albert Bourla
CEO of Pfizer
2024 Compensation
Stock
$0.00
Salary
$1.80M
Bonus
$7.02M
Other
$996.06K
Total Holdings
$18.14M
Daniel O'Day
CEO of Gilead Sciences
2024 Compensation
Stock
$18.79M
Salary
$1.77M
Bonus
$0.00
Other
$1.34M
Total Holdings
$23.48M
Robert M. Davis
CEO of Merck & Co.
2024 Compensation
Stock
$18.10M
Salary
$1.62M
Bonus
$0.00
Other
$561.11K
Total Holdings
$43.45M
Joaquin Duato
CEO of Johnson & Johnson
2024 Compensation
Stock
$7.13M
Salary
$1.60M
Bonus
$3.22M
Other
$1.08M
Total Holdings
$1.09M
Stéphane Bancel
CEO of Moderna
2023 Compensation
Stock
$0.00
Salary
$1.58M
Bonus
$1.91M
Other
$1.07M
Total Holdings
$335.71M
Christopher Boerner
CEO of Bristol-Myers Squibb
2023 Compensation
Stock
$0.00
Salary
$1.50M
Bonus
$0.00
Other
$311.64K
Total Holdings
$7.39M