Form 4: Adobe Executive David Wadhwani Reports Stock Transactions
SEC Form 4 Filing
David Wadhwani, President of Digital Media at Adobe, reported the vesting of restricted stock units and associated tax liability transactions.
Summary
- On March 14, 2025, David Wadhwani, President of Digital Media at Adobe, reported transactions involving Adobe's common stock.
- These transactions included the vesting of 1,933 restricted stock units (RSUs) and the surrender of 958 shares to cover tax liabilities.
- Following these transactions, Wadhwani directly owns 21,282.402 shares of Adobe common stock and indirectly owns 355 shares through a family trust.
- The vesting of the RSUs occurs quarterly, with 25% vesting on the first anniversary of June 14, 2021, and 6.25% vesting quarterly thereafter.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard executive compensation practices, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 04/26/2006 | Date of the 2006 Wadhwani Family Trust. |
| 06/14/2021 | Vesting commencement date for the Restricted Stock Units. |
| 12/06/2020 | Date of the Wadhwani 2020 Family GST Trusts. |
| 03/14/2025 | Date of the reported transactions (vesting of RSUs and tax liability coverage). |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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