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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_1c26e0b2-6047-4a75-830b-635f27d75191.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: Chakravarthy Anil (President, DX)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 9080 | — | Acquired | 27998.6854 | Direct |
| 2023-01-24 | Common Stock | F | 4501 | $361.32 | Disposed | 23497.6854 | Direct |
| 2023-01-24 | Common Stock | M | 603 | — | Acquired | 24100.6854 | Direct |
| 2023-01-24 | Common Stock | F | 298 | $361.32 | Disposed | 23802.6854 | Direct |
| 2023-01-24 | Common Stock | M | 2424 | — | Acquired | 26226.6854 | Direct |
| 2023-01-24 | Common Stock | F | 1201 | $361.32 | Disposed | 25025.6854 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Performance Shares | $0.0 | M | 9080 | Disposed | Common Stock (9080.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 603 | Disposed | Common Stock (603.0) | Direct | |
| 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 |
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, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F5: 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.
F6: 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.
F7: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.