Form 4: Adobe CFO Daniel Durn Reports Stock Transactions

Adobe's EVP and CFO, Daniel Durn, reported the acquisition and disposal of company stock and restricted stock units on January 15, 2025.

Summary

• Daniel Durn, the EVP & CFO of Adobe Inc., reported several transactions involving Adobe common stock and restricted stock units on January 15, 2025.
• These transactions include the acquisition of 1,132 and 651 shares of common stock through the vesting of restricted stock units.
• Additionally, 610 and 340 shares were disposed of to cover tax liabilities associated with the vesting of these units at a price of $417.28 per share.
• Following these transactions, Mr. Durn beneficially owns 24,638.098 shares of common stock and 7,806 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for insider transactions and is common for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported are typical for executives receiving stock-based compensation.
• Similar filings are made by executives at comparable companies such as Microsoft, Oracle, and Salesforce when they exercise stock options or receive restricted stock units.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Adobe, Stock Transactions, Form 4, Daniel Durn, Restricted Stock Units, CFO, Insider Trading