Form 4: Adobe SVP & CAO Jillian Forusz Reports Stock Transactions
SEC Form 4 Filing
Jillian Forusz, SVP & CAO of Adobe Inc., reports the acquisition and disposal of common stock and restricted stock units on October 24, 2024, to cover tax liabilities upon vesting.
Summary
- On October 24, 2024, Jillian Forusz, SVP & CAO of Adobe Inc., engaged in transactions involving Adobe's common stock and restricted stock units.
- Forusz acquired 30 shares of common stock at $0 via the vesting of restricted stock units.
- Concurrently, 14 shares were disposed of at $482.87 to cover tax liabilities associated with the vesting.
- These transactions resulted in Forusz owning 3,391.764 shares of common stock directly.
- Additionally, Forusz transacted in restricted stock units, acquiring 30 units related to different vesting schedules.
- Following these transactions, Forusz directly owns 152 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's simply a report of facts.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency in stock transactions.
- Similar filings are made by executives at companies like Microsoft (MSFT), Apple (AAPL), and Google (GOOGL) when they trade their company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/24/2021 | First vesting commencement date for restricted stock units (25% vests on the first anniversary, then 6.25% quarterly). |
| 01/24/2022 | First vesting commencement date for restricted stock units (25% vests on the first anniversary, then 6.25% quarterly). |
| 10/24/2024 | Date of stock and derivative security transactions. |
| 10/28/2024 | Date of signature on the Form 4 filing. |
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