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 transactions involving common stock.
Summary
- On April 24, 2024, David Wadhwani, President of Digital Media at Adobe, reported transactions involving Adobe's common stock.
- These transactions included the vesting of 606 restricted stock units (RSUs) and the surrender of 300 shares to cover tax liabilities.
- Following these transactions, Wadhwani directly owns 10,380.201 shares of Adobe common stock and indirectly owns 355 shares through a family trust.
- The shares surrendered to cover tax liability were valued at $477.12 each.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
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. |
| 04/24/2024 | Date of the reported transactions (vesting of RSUs and stock disposal for tax liability). |
| 04/25/2024 | Date of signature for the Form 4 filing. |
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