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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_bfac4b32-bc7d-42f6-be5f-b0554d79df59.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2023-01-24
Reporting Person: Rao Dana (EVP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 4540 | — | Acquired | 19372.0204 | Direct |
| 2023-01-24 | Common Stock | F | 1980 | $361.32 | Disposed | 17392.0204 | Direct |
| 2023-01-24 | Common Stock | M | 516 | — | Acquired | 17908.0204 | Direct |
| 2023-01-24 | Common Stock | F | 196 | $361.32 | Disposed | 17712.0204 | Direct |
| 2023-01-24 | Common Stock | M | 451 | — | Acquired | 18163.0204 | Direct |
| 2023-01-24 | Common Stock | F | 155 | $361.32 | Disposed | 18008.0204 | Direct |
| 2023-01-24 | Common Stock | M | 369 | — | Acquired | 18377.0204 | Direct |
| 2023-01-24 | Common Stock | F | 182 | $361.32 | Disposed | 18195.0204 | Direct |
| 2023-01-24 | Common Stock | M | 1697 | — | Acquired | 19892.0204 | Direct |
| 2023-01-24 | Common Stock | F | 841 | $361.32 | Disposed | 19051.0204 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Performance Shares | $0.0 | M | 4540 | Disposed | Common Stock (4540.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 516 | Disposed | Common Stock (516.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 451 | Disposed | Common Stock (451.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 369 | Disposed | Common Stock (369.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 1697 | Disposed | Common Stock (1697.0) | Direct | |
| 2023-01-24 | Performance Shares | $0.0 | A | 24624 | Acquired | Common Stock (24624.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | A | 12312 | Acquired | Common Stock (12312.0) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.
F3: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F4: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F7: 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.
F8: The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F9: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.