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ADOBE INC. — Director's Dealing 2024
Jan 26, 2024
29815_dirs_2024-01-26_bfab14bd-cf18-42be-b55d-409c2ebbae89.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: 2024-01-24
Reporting Person: Garfield Mark S. (SVP & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-24 | Common Stock | M | 1335 | — | Acquired | 5389.8224 | Direct |
| 2024-01-24 | Common Stock | F | 661 | $606.48 | Disposed | 4728.8224 | Direct |
| 2024-01-24 | Common Stock | M | 36 | — | Acquired | 4764.8224 | Direct |
| 2024-01-24 | Common Stock | F | 19 | $606.48 | Disposed | 4745.8224 | Direct |
| 2024-01-24 | Common Stock | M | 101 | — | Acquired | 4846.8224 | Direct |
| 2024-01-24 | Common Stock | F | 50 | $606.48 | Disposed | 4796.8224 | Direct |
| 2024-01-24 | Common Stock | M | 91 | — | Acquired | 4887.8224 | Direct |
| 2024-01-24 | Common Stock | F | 45 | $606.48 | Disposed | 4842.8224 | Direct |
| 2024-01-25 | Common Stock | S | 788 | $615.42 | Disposed | 4054.8224 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-24 | Performance Shares | $0 | M | 1335 | Disposed | Common Stock (1335) | Direct | |
| 2024-01-24 | Restricted Stock Units | $0 | M | 36 | Disposed | Common Stock (36) | Direct | |
| 2024-01-24 | Restricted Stock Units | $0 | M | 101 | Disposed | Common Stock (101) | Direct | |
| 2024-01-24 | Restricted Stock Units | $0 | M | 91 | Disposed | Common Stock (91) | Direct | |
| 2024-01-24 | Restricted Stock Units | $0 | A | 1749 | Acquired | Common Stock (1749) | 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 May 5, 2023.
F3: The Performance Shares vested in full upon the certification of performance goal achievement at 83% following the three-year anniversary of the January 24, 2021 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: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.