Form 4: Adobe EVP, Chief People Officer, Gloria Chen, Reports Stock Transactions

Gloria Chen, EVP, Chief People Officer at Adobe, reports the acquisition and disposal of Adobe common stock and restricted stock units on October 24, 2024, through vesting and tax liability payments.

Summary

• On October 24, 2024, Gloria Chen, EVP, Chief People Officer of Adobe Inc., reported transactions involving Adobe's common stock and restricted stock units.
• Chen acquired 402 shares of common stock through the vesting of restricted stock units.
• Additionally, Chen acquired 424 shares of common stock through the vesting of restricted stock units.
• A total of 199 shares were disposed of to cover tax liabilities at a price of $482.87.
• Another 210 shares were disposed of to cover tax liabilities at a price of $482.87.
• Following these transactions, Chen directly owns 32,564.4224 shares of common stock and indirectly owns 667 shares through a trust.
• She also owns 403 restricted stock units from one grant and 2,121 restricted stock units from another grant.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock vesting and tax obligations, indicating a neutral sentiment.

Positives

• The vesting of restricted stock units indicates that performance milestones have been met.

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.

Key Dates