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ADOBE INC. — Director's Dealing 2023
Jan 26, 2023
29815_dirs_2023-01-26_c494e0d2-21fc-48c5-abe8-2d03e7c01be9.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: Belsky Scott (EVP, CPO, Creative Cloud)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-24 | Common Stock | M | 774 | — | Acquired | 24991.0511 | Direct |
| 2023-01-24 | Common Stock | F | 3310 | $361.32 | Disposed | 21681.0511 | Direct |
| 2023-01-24 | Common Stock | M | 630 | — | Acquired | 22311.0511 | Direct |
| 2023-01-24 | Common Stock | F | 327 | $361.32 | Disposed | 21984.0511 | Direct |
| 2023-01-24 | Common Stock | M | 6356 | — | Acquired | 28340.0511 | Direct |
| 2023-01-24 | Common Stock | F | 253 | $361.32 | Disposed | 28087.0511 | Direct |
| 2023-01-24 | Common Stock | M | 469 | — | Acquired | 28556.0511 | Direct |
| 2023-01-24 | Common Stock | F | 259 | $361.32 | Disposed | 28297.0511 | Direct |
| 2023-01-24 | Common Stock | M | 2424 | — | Acquired | 30721.0511 | Direct |
| 2023-01-24 | Common Stock | F | 1340 | $361.32 | Disposed | 29381.0511 | Direct |
| 2023-01-25 | Common Stock | S | 2906 | $355.42 | Disposed | 26475.0511 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-24 | Performance Shares | $0.0 | M | 6356 | Disposed | Common Stock (6356.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 774 | Disposed | Common Stock (774.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 630 | Disposed | Common Stock (630.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | M | 469 | Disposed | Common Stock (469.0) | 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 | 31866 | Acquired | Common Stock (31866.0) | Direct | |
| 2023-01-24 | Restricted Stock Units | $0.0 | A | 15933 | Acquired | Common Stock (15933.0) | 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 on December 22, 2021.
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, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F5: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F6: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F7: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F8: 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.
F9: 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.
F10: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.