Form 4: Adobe SVP & CAO Jillian Forusz Reports Stock Sale and Gift
SEC Form 4 Filing
Jillian Forusz, SVP & CAO of Adobe Inc., reported selling shares of common stock and gifting shares.
Summary
- Jillian Forusz, a Senior Vice President and Chief Accounting Officer at Adobe Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On October 29, 2024, Forusz sold 676.297 shares of Adobe common stock at a weighted average price of $484.9741, with individual sales prices ranging from $484.605 to $485.00.
- On October 30, 2024, Forusz gifted 200 shares of Adobe common stock.
- Following these transactions, Forusz directly owns 2,515.467 shares of Adobe common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sale and gift by a company insider may be of interest to shareholders, as insider transactions can sometimes influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Sale of 676.297 shares of Adobe common stock. |
| 10/30/2024 | Gift of 200 shares of Adobe common stock. |
| 10/31/2024 | Date of signature for the Form 4 filing. |
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