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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_0bcd3d0c-8d1f-47e6-aab3-fd80a6f4d3c4.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: Wadhwani David (President, Digital Media)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 2424 | — | Acquired | 8523 | Direct |
| 2023-01-24 | Common Stock | F | 854 | $361.32 | Disposed | 7669 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 2424 | Disposed | Common Stock (2424.0) | Direct | |
| 2023-01-24 | Performance Shares | $0.0 | A | 56778 | Acquired | Common Stock (56778.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | A | 12167 | Acquired | Common Stock (12167.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 355 | Indirect |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: Shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee.
F3: Vests 25% on the first anniversary of the January 24, 2022 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 achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F6: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.