Form 4: Adobe Director Frank Calderoni Executes Stock Transaction

Adobe Inc. director Frank Calderoni reported the vesting of restricted stock units and the acquisition of new equity awards.

Summary

• Director Frank Calderoni acquired 900 shares of Adobe common stock through the vesting of restricted stock units (RSUs) on April 15, 2026.
• Following the transaction, Calderoni holds 3,656 shares directly and 29,061 shares indirectly through a living trust.
• A new grant of 1,367 restricted stock units was awarded to the director, scheduled to vest at the next annual meeting of stockholders.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation and equity holdings.

Positives

• Director maintains significant skin in the game with over 32,000 shares held in total.
• Equity-based compensation aligns director interests with long-term shareholder value.

Negatives

• None identified; this is a routine compensatory transaction.

Risks

• Standard market risks associated with equity ownership in the technology sector.

Future Outlook

The director received 1,367 restricted stock units that are set to vest 100% on the date of the issuer's next annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that routine equity vesting for board members is standard practice in the software industry to ensure alignment between leadership and shareholders.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for S&P 500 technology companies.
• Equity compensation structures for directors at Adobe remain consistent with peers like Salesforce and Microsoft.

Related Party Transactions

• Disclosure of shares held by the Frank A Calderoni and Brenda J Zawatski Living Trust.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• Vesting of 1,367 restricted stock units at the next annual meeting of stockholders.

Key Dates

Keywords

Adobe, ADBE, Form 4, Insider Trading, Director Compensation, Restricted Stock Units