Form 4: Adobe SVP Jillian Forusz Reports Stock Transactions

Jillian Forusz, SVP & CAO of Adobe Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax liabilities.

Summary

• Jillian Forusz, a Senior Vice President and CAO at Adobe Inc., filed a Form 4 detailing changes in beneficial ownership of Adobe's stock.
• On October 15, 2024, Forusz acquired 60 shares of common stock and disposed of 29 shares to cover tax liabilities at a price of $508.03.
• Additionally, she acquired 35 shares of common stock and disposed of 17 shares to cover tax liabilities at a price of $508.03.
• Following these transactions, Forusz directly owns 3,359.764 shares of Adobe common stock.
• She also transacted in restricted stock units, acquiring 60 units and 35 units, resulting in holdings of 538 and 447 units respectively.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect routine stock vesting and tax liability management by a company executive.

Key Dates