Form 4: Adobe CEO Shantanu Narayen Reports Stock Transactions
SEC Form 4 Filing
Adobe's CEO, Shantanu Narayen, reports transactions involving common stock and restricted stock units.
Summary
- On July 24, 2024, Shantanu Narayen, the Chair and CEO of Adobe Inc., reported transactions involving Adobe's common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent surrender of shares to cover tax liabilities.
- Narayen indirectly owns 382,700 shares of common stock through The Narayen Family Trust.
- He also directly owns 267.4531 shares of common stock.
- The reported transactions involved the vesting of 1,307 and 1,255 restricted stock units, respectively.
- Shares were surrendered to pay tax liabilities at a price of $531.04.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of key personnel.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/30/00 | Date of The Narayen Family Trust |
| 01/24/2021 | Vesting commencement date for some restricted stock units |
| 01/24/2022 | Vesting commencement date for some restricted stock units |
| 07/24/2024 | Date of stock transactions |
| 07/26/2024 | Date of signature |
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