Form 4: Adobe Executive David Wadhwani Reports Stock Transactions
SEC Form 4 Filing
David Wadhwani, President of Digital Media at Adobe, reported the acquisition and disposal of Adobe common stock and restricted stock units on October 24, 2024.
Summary
- On October 24, 2024, David Wadhwani, President of Digital Media at Adobe, reported transactions involving Adobe's common stock and restricted stock units.
- Wadhwani acquired 605 shares of common stock through the vesting of restricted stock units.
- He also disposed of 299 shares of common stock to cover tax liabilities at a price of $482.87 per share.
- Following these transactions, Wadhwani directly owns 14,226.402 shares of Adobe common stock and indirectly owns 355 shares through a family trust.
- He also directly owns 3,030 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Adobe.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
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. |
| 01/24/2022 | Vesting commencement date for restricted stock units. |
| 10/24/2024 | Date of the reported transactions (acquisition and disposal of stock). |
| 10/28/2024 | Date of signature on the Form 4 filing. |
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