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ADOBE INC. — Director's Dealing 2025
Jan 28, 2025
29815_dirs_2025-01-28_a47473e0-fd90-4c78-9163-0dd0d660e3c1.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: 2025-01-24
Reporting Person: Chen Gloria (EVP, Chief People Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-24 | Common Stock | M | 5359 | — | Acquired | 38697.423 | Direct |
| 2025-01-24 | Common Stock | F | 2608 | $435.38 | Disposed | 36089.423 | Direct |
| 2025-01-24 | Common Stock | M | 403 | — | Acquired | 36492.423 | Direct |
| 2025-01-24 | Common Stock | F | 139 | $435.38 | Disposed | 36353.423 | Direct |
| 2025-01-24 | Common Stock | M | 424 | — | Acquired | 36777.423 | Direct |
| 2025-01-24 | Common Stock | F | 146 | $435.38 | Disposed | 36631.423 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-24 | Restricted Stock Units | $0 | M | 5359 | Disposed | Common Stock (5359) | Direct | |
| 2025-01-24 | Restricted Stock Units | $0 | M | 403 | Disposed | Common Stock (403) | Direct | |
| 2025-01-24 | Restricted Stock Units | $0 | M | 424 | Disposed | Common Stock (424) | Direct | |
| 2025-01-24 | Restricted Stock Units | $0 | A | 11592 | Acquired | Common Stock (11592) | Direct | |
| 2025-01-24 | Restricted Stock Units | $0 | A | 2708 | Acquired | Common Stock (2708) | Direct | |
| 2025-01-24 | Restricted Stock Units | $0 | A | 1557 | Acquired | Common Stock (1557) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 667 | Indirect |
Footnotes
F1: Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
F2: Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
F3: The Performance Shares vested in full upon certification of performance goal achievements under the 2022 Performance Share Program on the three-year anniversary of the January 24, 2022 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F4: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F5: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F6: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F7: Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F8: Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.