Form 4: Adobe EVP & CFO Daniel Durn Reports Stock Transactions
SEC Form 4 Filing
Daniel Durn, EVP & CFO of Adobe Inc., reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations on August 15, 2024.
Summary
- On August 15, 2024, Daniel Durn, the EVP & CFO of Adobe Inc., engaged in transactions involving Adobe's common stock.
- Durn vested 3,837 restricted stock units (RSUs).
- Simultaneously, 2,008 shares were sold at $554.16 to cover tax liabilities associated with the vesting of the RSUs.
- Following these transactions, Durn directly owns 27,338.098 shares of Adobe common stock and 3,837 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 11/15/2021 | Vesting commencement date for restricted stock units. |
| 08/15/2024 | Date of stock transactions: vesting of RSUs and sale of shares for tax liability. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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