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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_5503d499-d9e3-4fa4-a009-532398b14840.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: Garfield Mark S. (SVP & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 363 | — | Acquired | 3634.0204 | Direct |
| 2023-01-24 | Common Stock | F | 198 | $361.32 | Disposed | 3436.0204 | Direct |
| 2023-01-24 | Common Stock | M | 36 | — | Acquired | 3472.0204 | Direct |
| 2023-01-24 | Common Stock | F | 20 | $361.32 | Disposed | 3452.0204 | Direct |
| 2023-01-24 | Common Stock | M | 101 | — | Acquired | 3553.0204 | Direct |
| 2023-01-24 | Common Stock | F | 49 | $361.32 | Disposed | 3504.0204 | Direct |
| 2023-01-24 | Common Stock | M | 364 | — | Acquired | 3868.0204 | Direct |
| 2023-01-24 | Common Stock | F | 180 | $361.32 | Disposed | 3688.0204 | Direct |
| 2023-01-25 | Common Stock | S | 209 | $355.42 | Disposed | 3479.0204 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Performance Shares | $0.0 | M | 363 | Disposed | Common Stock (363.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 36 | Disposed | Common Stock (36.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 101 | Disposed | Common Stock (101.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 364 | Disposed | Common Stock (364.0) | Direct | |
| 2023-01-24 | Performance Shares | $0.0 | A | 4056 | Acquired | Common Stock (4056.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | A | 3042 | Acquired | Common Stock (3042.0) | Direct |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 22, 2022.
F3: 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.
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.