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 subsequent sale of shares to cover tax obligations.
Summary
- David Wadhwani, President of Digital Media at Adobe, filed a Form 4 detailing changes in beneficial ownership of Adobe stock.
- On April 15, 2025, Wadhwani vested restricted stock units and sold shares to cover tax liabilities.
- Specifically, 760, 437, and 695 restricted stock units vested, and corresponding shares were sold at a price of $350.38 to cover tax obligations.
- Following these transactions, Wadhwani directly owns 22,238.402 shares of Adobe common stock and indirectly owns 355 shares through a family trust.
- He also holds 5,324, 4,809, and 10,433 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, and the transactions are typical for executive compensation. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/26/2006 | Date of the 2006 Wadhwani Family Trust. |
| 12/06/2020 | Date of the Wadhwani 2020 Family GST Trusts. |
| 01/15/2023 | Vesting commencement date for 760 Restricted Stock Units. |
| 01/15/2024 | Vesting commencement date for 437 Restricted Stock Units. |
| 01/15/2025 | Vesting commencement date for 695 Restricted Stock Units. |
| 04/15/2025 | Date of stock transactions (vesting and sale of shares). |
| 04/17/2025 | Date of Form 4 signature. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Adobe, Wadhwani, Digital Media
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