Form 4: Adobe SVP & CAO Mark S. Garfield Reports Stock Sales
SEC Form 4 Filing
Mark S. Garfield, SVP & CAO of Adobe Inc., reported selling shares of common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On June 3, 2024, Mark S. Garfield, the SVP & CAO of Adobe Inc., sold 593 shares of Adobe's common stock at a price of $447.58 per share.
- Additionally, Mr. Garfield sold 0.51 shares of Adobe's common stock at $448.835 per share on the same day.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on February 2, 2024.
- Following these sales, Mr. Garfield directly owns 2,739.7104 shares of Adobe common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding stock sales by a company executive under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Insider sales are a common occurrence in publicly traded companies and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the small volume of shares sold by the executive.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 06/03/2024 | Date of the stock sale transactions |
| 06/04/2024 | Date of signature for the Form 4 filing |
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