Form 4: Adobe SVP & CAO Jillian Forusz Reports Stock Transactions

Jillian Forusz, SVP & CAO of Adobe Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• Jillian Forusz, a Senior Vice President and CAO at Adobe Inc., filed a Form 4 detailing changes in beneficial ownership of Adobe stock on April 17, 2025.
• On April 15, 2025, Forusz vested restricted stock units and had shares withheld to cover tax liabilities.
• Specifically, 59, 34, and 21 restricted stock units vested, and corresponding shares were withheld to satisfy tax obligations at a price of $350.38 per share.
• Following these transactions, Forusz directly owns 3,276.467 shares of Adobe common stock and holds derivative securities including 419, 379, and 327 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. They are closely watched by investors for signals about management's confidence in the company.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• Tax withholding upon vesting is a standard practice to cover income tax obligations.
• The specific vesting schedules and amounts vary widely based on company size, industry, and individual performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation.
• Employees who hold similar stock options or restricted stock units may be interested in the details of the vesting and tax implications.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Adobe, Forusz, Vesting, Tax Withholding