Form 4: Adobe SVP & CAO Jillian Forusz Reports Stock Transactions
SEC Form 4
Jillian Forusz, SVP & CAO of Adobe Inc., reports the vesting and subsequent sale of restricted stock units to cover tax liabilities.
Summary
- Jillian Forusz, a Senior Vice President and Chief Accounting Officer at Adobe Inc., filed a Form 4 detailing changes in beneficial ownership of Adobe stock on March 15, 2025.
- The transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax liabilities.
- Specifically, 324, 234, and 227 restricted stock units vested, and corresponding shares were sold to satisfy tax obligations.
- The price per share for the tax liability transactions was $394.74.
- Following these transactions, Forusz directly owns 3,200.467 shares of Adobe common stock and 3,177 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
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.
Comparison to Industry Standards
- Monitoring Form 4 filings is a standard practice in the financial industry to track insider transactions.
- Similar filings are made by executives at comparable companies like Microsoft (MSFT), Oracle (ORCL), and Salesforce (CRM).
- The vesting schedules and tax liability sales are typical for executive compensation packages in the tech industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to routine executive compensation.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Vesting commencement date for 25% of the first tranche of Restricted Stock Units, then 6.25% quarterly thereafter. |
| 06/15/2022 | Vesting commencement date for 6.25% quarterly vesting of Restricted Stock Units. |
| 09/15/2024 | Vesting commencement date for 6.25% quarterly vesting of Restricted Stock Units. |
| 03/15/2025 | Date of transactions involving vesting of restricted stock units and disposition of shares for tax liabilities. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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