Form 4: Adobe Executive Anil Chakravarthy Reports Stock Transactions

Anil Chakravarthy, President of DX at Adobe Inc., reported transactions involving common stock and restricted stock units on April 15, 2024.

Summary

• Anil Chakravarthy, President, DX at Adobe Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 15, 2024, Chakravarthy engaged in transactions involving common stock and restricted stock units.
• He acquired 761 shares of common stock and disposed of 377 shares to cover tax liabilities at a price of $470.1 per share.
• Additionally, he acquired 437 shares of common stock and disposed of 216 shares to cover tax liabilities at a price of $470.1 per share.
• Following these transactions, Chakravarthy directly owns 33,708.8864 shares of common stock.
• He also holds 8,365 restricted stock units related to the 761 shares and 6,557 restricted stock units related to the 437 shares.
• The restricted stock units vest quarterly, with vesting commencement dates of January 15, 2023, and January 15, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The vesting of restricted stock units indicates a positive performance incentive for the executive.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.

Key Dates