Form 4: Adobe Inc. Executive David Wadhwani Reports Stock Transactions
SEC Form 4
David Wadhwani, President of Digital Media at Adobe Inc., reported transactions involving common stock and restricted stock units on April 15, 2024.
Summary
- On April 15, 2024, David Wadhwani, President of Digital Media at Adobe Inc., engaged in transactions involving Adobe's common stock and restricted stock units.
- Wadhwani surrendered shares to cover tax liabilities upon the vesting of restricted stock units.
- Specifically, 377 shares were disposed of at a price of $470.1 per share, and later 216 shares were disposed of at a price of $470.1 per share to cover tax obligations.
- He also acquired 761 and 437 shares through the vesting of restricted stock units.
- Following these transactions, Wadhwani directly owns 10,074.201 shares of common stock and indirectly owns 355 shares through a family trust.
- He also holds 6,557 and 8,365 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with SEC regulations.
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. |
| 01/15/2023 | Vesting commencement date for some restricted stock units. |
| 01/15/2024 | Vesting commencement date for some restricted stock units. |
| 04/15/2024 | Date of the reported stock transactions. |
| 04/17/2024 | Date of signature by attorney-in-fact. |
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