Adobe interim CFO files initial ownership report
Adobe Inc. interim CFO and SVP Steven Day has filed an initial insider ownership report showing his existing equity stake in the company.
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Form Type
3
Rhea-AI Filing Summary
Adobe Inc. interim CFO and SVP Steven Day has filed an initial insider ownership report showing his existing equity stake in the company. He directly holds 4,618.689 shares of Adobe common stock and several grants of restricted stock units that convert into common shares at a zero exercise price.
These RSU awards cover blocks of common stock, including 6,281 and 5,715 underlying shares, and vest over time according to fixed schedules. Footnotes state vesting occurs annually or quarterly from vesting commencement dates between June 2022 and April 2026. The filing reflects holdings only and does not report any new purchases or sales.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Day Steven
Role
Interim CFO and SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 20,250 contracts (Direct);
Common Stock — 4,618.689 shares (Direct)
Footnotes (9)
- F1. Vests 25% annually from the vesting commencement date of September 15, 2025.
- F2. Vests 6.25% quarterly from the vesting commencement date of June 15, 2022.
- F3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
- F4. Vests 6.25% quarterly from the vesting commencement date of August 15, 2023.
- F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
- F6. Vests 12.5% quarterly from the vesting commencement date of June 15, 2025.
- F7. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
- F8. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
- F9. Vests 50% on the first and second anniversaries of the April 14, 2026 vesting commencement date.
Key Figures
Direct common stock holdings: 4,618.689 shares
RSU block 1 underlying shares: 3,894 shares
RSU block 2 underlying shares: 1,675 shares
+5 more
8 metrics
Direct common stock holdings
4,618.689 shares
Common Stock held directly following Form 3 reporting
RSU block 1 underlying shares
3,894 shares
Restricted Stock Units convertible into Common Stock
RSU block 2 underlying shares
1,675 shares
Restricted Stock Units convertible into Common Stock
Largest RSU block underlying shares
6,281 shares
Restricted Stock Units with zero exercise price
Second-largest RSU block underlying shares
5,715 shares
Restricted Stock Units with zero exercise price
Annual vesting rate
25% annually
Some RSUs vest 25% each year from September 15, 2025
Quarterly vesting rate
6.25% quarterly
Several RSU grants vest 6.25% each quarter
Enhanced quarterly vesting
12.5% quarterly
One RSU grant vests 12.5% each quarter from June 15, 2025
Key Terms
Restricted Stock Units, vesting commencement date, Interim CFO and SVP, Common Stock
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying Adobe Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting commencement date financial
"Vests 25% annually from the vesting commencement date of September 15, 2025."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Interim CFO and SVP financial
"officer_title: "Interim CFO and SVP" for reporting person Steven Day"
Common Stock financial
"security_title: "Common Stock" and underlying security for RSUs"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Adobe (ADBE) interim CFO Steven Day report owning on this Form 3?
Steven Day reports holdings of 4,618.689 Adobe common shares and multiple restricted stock unit (RSU) awards. The RSUs convert into common stock at a zero exercise price and vest over time under fixed schedules tied to specific commencement dates between 2022 and 2026.
What restricted stock units are reported for Steven Day at Adobe (ADBE)?
Steven Day reports several restricted stock unit grants tied to Adobe common stock, including blocks covering 6,281, 5,715, 3,894 and smaller groups of underlying shares. These RSUs have a zero exercise price and vest annually or quarterly from commencement dates between 2022 and 2026.
How do Steven Day’s Adobe (ADBE) RSUs vest over time?
The footnotes describe time-based vesting: some awards vest 25% annually, others vest 6.25% or 12.5% quarterly, and one vests 50% on each of the first two anniversaries. Vesting commencement dates range from June 15, 2022 to April 14, 2026, delivering shares as service conditions are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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