Form 4: Adobe Executive Gloria Chen Reports RSU Vesting and Tax-Related Share Sale

Adobe's EVP and Chief People Officer, Gloria Chen, reported the vesting of Restricted Stock Units and a subsequent sale of shares to cover tax liabilities.

Summary

• Gloria Chen, Executive Vice President and Chief People Officer at Adobe Inc., reported transactions on July 24, 2025.
• Acquired 424 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 210 shares of common stock at a price of $371.69 to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, direct beneficial ownership of common stock is 39,072.112 shares.
• An additional 667 shares are indirectly held by The John Kibarian and Gloria Chen Trust, dated April 8, 2004.
• The Restricted Stock Units vested 25% on the first anniversary of the January 24, 2022 vesting commencement date, with 6.25% vesting quarterly thereafter.
• Remaining direct beneficial ownership of derivative securities (RSUs) is 849 units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of executive compensation and a tax-related share sale, which is neutral in sentiment.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of compensation milestones for a key executive.

Negatives

• A portion of the vested shares were sold to cover tax liabilities, which is a common practice but reduces the executive's direct equity stake.

Industry Context

This filing is a routine disclosure of an executive's equity compensation vesting and subsequent tax-related share sale, common across publicly traded companies as part of their executive compensation programs. It does not reflect broader industry trends or competitive dynamics.

Related Party Transactions

• 667 shares of common stock are indirectly held by The John Kibarian and Gloria Chen Trust, dated April 8, 2004, of which the reporting person is a trustee.

Stakeholder Impact

• Shareholders: The sale of shares to cover tax liabilities slightly reduces the executive's direct ownership, but the overall transaction is a standard part of executive compensation and is unlikely to have a significant impact on shareholder value.
• Employees: The report highlights the structure of executive compensation, which can be a point of interest for employees regarding their own compensation frameworks.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units at a rate of 6.25% after the first anniversary of the January 24, 2022 vesting commencement date.

Key Dates

Keywords

Adobe, ADBE, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Gloria Chen, Share Sale, Tax Withholding