Form 4: Adobe Executive David Wadhwani Reports Stock Transactions

Adobe's President of Digital Media, David Wadhwani, reported the acquisition of 1,933 shares of common stock through the vesting of restricted stock units and the disposal of 958 shares to cover tax liabilities.

Summary

• David Wadhwani, President of Digital Media at Adobe, reported transactions involving Adobe common stock.
• On December 14, 2024, Mr. Wadhwani acquired 1,933 shares of common stock through the vesting of restricted stock units.
• Also on December 14, 2024, 958 shares were disposed of to cover tax liabilities at a price of $465.69 per share.
• Following these transactions, Mr. Wadhwani directly owns 15,201.402 shares and indirectly owns 355 shares through trusts.
• The restricted stock units vest 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common for publicly traded companies like Adobe.

Comparison to Industry Standards

• Stock-based compensation is a common practice among technology companies like Adobe, with vesting schedules and tax withholding arrangements being standard.
• Other tech companies such as Microsoft, Apple, and Google also use restricted stock units as part of their executive compensation packages.
• The vesting schedule of 25% on the first anniversary and then 6.25% quarterly is a typical vesting schedule for restricted stock units.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.

Key Dates

Keywords

Adobe, stock transactions, insider trading, Form 4, restricted stock units, David Wadhwani, executive compensation, digital media