Form 4: Adobe SVP & CAO Jillian Forusz Reports Stock Transactions
SEC Form 4 Filing
Jillian Forusz, SVP & CAO of Adobe Inc., reported the vesting and subsequent tax withholding of shares related to restricted stock units on September 15, 2024.
Summary
- On September 15, 2024, Jillian Forusz, SVP & CAO of Adobe Inc., executed transactions involving Adobe's common stock.
- These transactions included the vesting of restricted stock units and the subsequent surrender of shares to cover tax liabilities.
- Specifically, 323 shares vested from restricted stock units, and 160 shares were surrendered to cover taxes at a price of $536.87 per share, resulting in a remaining balance of 3,192.764 shares.
- Additionally, 233 shares vested from another set of restricted stock units, with 115 shares surrendered for taxes at the same price of $536.87, leaving a balance of 3,310.764 shares.
- Following these transactions, Forusz directly owns 3,310.764 shares of Adobe common stock and 1,634 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Vesting commencement date for some restricted stock units. |
| 06/15/2022 | Vesting commencement date for some restricted stock units. |
| 09/15/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 09/17/2024 | Date of signature for the Form 4 filing. |
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