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
- Shantanu Narayen, CEO of Adobe Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 24, 2025, Narayen exercised restricted stock units, acquiring 1,254 shares of common stock.
- Also on April 24, 2025, 621 shares were disposed of to cover tax liabilities at a price of $360.91.
- Following these transactions, Narayen directly owns 267,454 shares and indirectly owns 385,796 shares through a family trust.
- Narayen also holds 3,763 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/30/00 | Date of The Narayen Family Trust |
| 01/24/2022 | Vesting commencement date for restricted stock units |
| 04/24/2025 | Date of stock transactions (exercise of RSUs and disposal of shares for tax liability) |
| 04/28/2025 | Date of signature for the Form 4 filing |
Keywords
Adobe, Shantanu Narayen, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, ADBE
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