Form 4: Adobe Executive Scott Belsky Reports Stock Transactions

Scott Belsky, Chief Strategy Officer & EVP at Adobe, reports the acquisition and disposal of Adobe common stock and restricted stock units on April 15, 2024.

Summary

• On April 15, 2024, Scott Belsky, Chief Strategy Officer & EVP at Adobe, reported transactions involving Adobe's common stock and restricted stock units.
• Belsky acquired 996 shares of common stock through the vesting of restricted stock units.
• He also acquired 572 shares of common stock through the vesting of restricted stock units.
• 550 shares were disposed of to cover tax liabilities at a price of $470.1 per share.
• An additional 316 shares were disposed of to cover tax liabilities at a price of $470.1 per share.
• Following these transactions, Belsky directly owns 23,346.2521 shares of Adobe common stock.
• Belsky also owns 10,954 restricted stock units related to 996 shares of common stock.
• Belsky owns 8,587 restricted stock units related to 572 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The vesting of restricted stock units indicates a form of compensation and alignment with the company's long-term success.

Negatives

• The disposal of shares to cover tax liabilities, while common, represents a reduction in Belsky's direct holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation and tax-related activities.

Key Dates