Form 4: Adobe Executive Scott Belsky Reports Stock Transactions
SEC Form 4 Filing
Adobe's Chief Strategy Officer, Scott Belsky, reported the acquisition and disposal of company stock and restricted stock units on January 15, 2025.
Summary
- Scott Belsky, Chief Strategy Officer & EVP at Adobe Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On January 15, 2025, Belsky acquired 996 shares of common stock and 996 restricted stock units through vesting.
- Additionally, he acquired 572 shares of common stock and 572 restricted stock units through vesting.
- He disposed of 416 shares of common stock at $417.28 per share to cover tax liabilities.
- He also disposed of 230 shares of common stock at $417.28 per share to cover tax liabilities.
- Following these transactions, Belsky directly owns 19,050.454 shares of common stock and 6,870 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative for the company's performance. It is a neutral event.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Adobe's filing is consistent with these requirements.
- The transactions are typical for executives who receive stock-based compensation, with shares often sold to cover tax obligations upon vesting.
- Other technology companies such as Microsoft, Apple, and Google also have similar filings from their executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/15/2023 | Vesting commencement date for 996 restricted stock units, vesting 6.25% quarterly. |
| 01/15/2024 | Vesting commencement date for 572 restricted stock units, vesting 6.25% quarterly. |
| 01/15/2025 | Date of stock and restricted stock unit transactions. |
| 01/17/2025 | Date the Form 4 was signed. |
Keywords
Adobe, Stock Transactions, Form 4, Beneficial Ownership, Restricted Stock Units, Executive Compensation, Insider Trading
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