Form 4: Adobe EVP & CFO Daniel Durn Reports Stock Transactions
SEC Form 4 Filing
Daniel Durn, EVP & CFO of Adobe Inc., reported the acquisition and disposal of common stock and restricted stock units on April 24, 2024.
Summary
- On April 24, 2024, Daniel Durn, the EVP & CFO of Adobe Inc., engaged in transactions involving Adobe's common stock and restricted stock units.
- Durn acquired 606 shares of common stock upon the vesting of restricted stock units.
- He also disposed of 317 shares to cover tax liabilities at a price of $477.12 per share.
- Following these transactions, Durn directly owns 22,498 shares of Adobe common stock and 4,241 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment with the company's performance.
Negatives
- The disposal of shares to cover tax liabilities, while common, slightly reduces the executive's holdings.
Industry Context
Executive stock transactions are routinely monitored as indicators of management's confidence in the company's prospects. This filing is a standard disclosure and doesn't necessarily indicate a significant shift in sentiment.
Key Dates
| Date | Description |
|---|---|
| January 24, 2022 | Vesting commencement date for restricted stock units. |
| April 24, 2024 | Date of stock acquisition and disposal transactions. |
| April 25, 2024 | Date of Form 4 filing. |
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