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 shares on March 14, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 14, 2024, David Wadhwani, President of Digital Media at Adobe, engaged in transactions involving Adobe's common stock.
- 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 associated with the vesting at a price of $570.45 per share.
- Following these transactions, Wadhwani directly owns 9,469.201 shares and indirectly owns 355 shares through a family trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies like Adobe.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/26/2006 | Date of the 2006 Wadhwani Family Trust. |
| 06/14/2021 | Vesting commencement date for restricted stock units. |
| 12/06/2020 | Date of the Wadhwani 2020 Family GST Trusts. |
| 03/14/2024 | Date of the reported stock transactions. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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