Form 4: Adobe CFO Durn Reports Equity Vesting, Stock Sales

Adobe's EVP & CFO, Daniel Durn, reported the vesting of equity awards, subsequent tax-related dispositions, and a sale of common stock, alongside a new RSU grant.

Summary

• Daniel Durn, EVP & CFO of Adobe Inc., reported multiple stock transactions under a Rule 10b5-1(c) plan.
• On January 24, 2026, 606 shares of common stock vested from Restricted Stock Units (RSUs) and 15,054 shares vested from Performance Shares.
• Concurrently, 8,196 shares were disposed of at $301.07 per share to cover tax liabilities related to the vesting.
• On January 27, 2026, Durn sold 1,646 shares of common stock at a price of $294.8501 per share.
• A new grant of 27,631 Restricted Stock Units was awarded on January 26, 2026, which will vest quarterly starting January 15, 2026.
• Following these transactions, Durn beneficially owns 41,994.787 shares of common stock and 27,631 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing is a factual report of insider stock transactions, which are routine for executives and do not inherently convey positive or negative sentiment about the company's performance or outlook.

Positives

• Vesting of 606 Restricted Stock Units and 15,054 Performance Shares indicates successful achievement of prior compensation goals.
• A new grant of 27,631 Restricted Stock Units was awarded, representing future equity compensation.

Negatives

• Disposition of 8,196 shares to cover tax liabilities reduces direct common stock ownership.
• Sale of 1,646 shares of common stock further reduces direct common stock ownership.

Future Outlook

The filing details future vesting schedules for the newly granted Restricted Stock Units, which will vest 6.25% quarterly from January 15, 2026.

Industry Context

This filing represents routine executive compensation and stock management activities, common across publicly traded companies where executives receive equity as part of their compensation packages. The transactions were conducted under a Rule 10b5-1(c) plan, indicating they were pre-scheduled.

Stakeholder Impact

• Shareholders: Minor dilution from equity grants (already accounted for in compensation plans), and a slight increase in shares available on the market from sales. The transactions are routine and pre-planned, so the impact is generally negligible.

Next Steps

• The newly granted 27,631 Restricted Stock Units will vest 6.25% quarterly from January 15, 2026.

Key Dates

Keywords

Adobe, ADBE, Form 4, Insider Trading, Executive Compensation, Daniel Durn, Stock Transactions, Restricted Stock Units, Performance Shares