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 June 14, 2024.
Summary
- On June 14, 2024, David Wadhwani, President of Digital Media at Adobe, engaged in transactions involving Adobe's common stock and restricted stock units.
- Wadhwani acquired 1,933 shares of common stock through the vesting of restricted stock units.
- He also disposed of 958 shares to cover tax liabilities at a price of $525.31 per share.
- Following these transactions, Wadhwani directly owns 11,355.201 shares of common stock and indirectly owns 355 shares through a family trust.
- He also holds 7,731 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent routine executive compensation activities.
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. |
| 06/14/2021 | Vesting commencement date for restricted stock units. |
| 06/14/2024 | Date of the reported stock transactions. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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