AI assistant
ADOBE INC. — Director's Dealing 2021
Jan 26, 2021
29815_dirs_2021-01-26_43907209-9fad-4d37-8440-8cac537430d1.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2021-01-24
Reporting Person: Garfield Mark S. (VP, CAO & Corp. Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-24 | Common Stock | M | 145 | — | Acquired | 367 | Direct |
| 2021-01-24 | Common Stock | F | 81 | $472.44 | Disposed | 286 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-24 | Restricted Stock Units | $0.0 | M | 145 | Disposed | Common Stock (145.0) | Direct | |
| 2021-01-25 | Performance Shares | $0.0 | A | 3218 | Acquired | Common Stock (3218.0) | Direct | |
| 2021-01-25 | Restricted Stock Units | $0.0 | A | 1609 | Acquired | Common Stock (1609.0) | Direct |
Footnotes
F1: Includes 44 shares acquired on December 31, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
F2: Shares surrendered to pay tax liability due at vesting.
F3: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F4: Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F5: The Performance Shares will vest in full upon the certification of performance goal achievement following the three-year anniversary of the January 24, 2021 vesting commencement date if the performance goal is achieved.
F6: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.