Form 4: Adobe SVP & CAO Mark S. Garfield Reports Stock Transactions

Mark S. Garfield, SVP & CAO of Adobe Inc., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On July 15, 2024, Mark S. Garfield, SVP & CAO of Adobe Inc., acquired 190 shares of common stock and disposed of 94 shares to cover tax liabilities at a price of $565.71.
• Garfield also acquired 109 shares of common stock and disposed of 54 shares to cover tax liabilities at a price of $565.71 on the same day.
• On July 16, 2024, Garfield sold 151 shares of common stock at a price of $564.6 per share.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 2, 2024.
• Garfield also reported transactions involving restricted stock units (RSUs) that vest quarterly.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transactions appear to be routine and pre-planned under a 10b5-1 trading plan. The sales to cover tax liabilities are also a common occurrence.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• Employees participating in the Employee Stock Purchase Plan may be interested in the details of the transactions.

Key Dates