Adobe CEO Narayen exercises RSUs, surrenders shares for tax
Adobe Inc. Chair and CEO Shantanu Narayen reported equity award activity dated July 15, 2026.
Rhea-AI Filing Summary
Adobe Inc. Chair and CEO Shantanu Narayen reported equity award activity dated July 15, 2026. He exercised restricted stock units covering 8,298 shares of common stock, with 4,112 shares surrendered at 224.5600 per share to pay tax liabilities at vesting.
After these transactions, The Narayen Family Trust, of which he is a trustee, held 361,738.0000 Adobe common shares indirectly, while he held 399.1500 shares directly, including 75.007 shares acquired on June 30, 2026 under Adobe's 2020 Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,298 shares exercised/converted
Exercise
13 txns
Insider
NARAYEN SHANTANU
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 2,200 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5 | 1,264 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6 | 1,977 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7 | 2,857 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,200 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F1 | 1,090 | $224.56 | $245K |
| Exercise | Common Stock F1 | 1,264 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F1 | 626 | $224.56 | $141K |
| Exercise | Common Stock F1 | 1,977 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F1 | 980 | $224.56 | $220K |
| Exercise | Common Stock F1 | 2,857 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F1 | 1,416 | $224.56 | $318K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 71,770 contracts (Direct);
Common Stock — 363,724 shares (Indirect, by trust);
Common Stock — 399.15 shares (Direct)
Footnotes (7)
- F1. Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
- F2. Shares surrendered to pay tax liability due at vesting.
- F3. Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended.
- F4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
- F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
- F6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
- F7. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSUs converted to common stock: 8298
Shares surrendered for tax withholding: 4112
Tax withholding price per share: 224.5600
+3 more
6 metrics
RSUs converted to common stock
8298
Total restricted stock units exercised into Adobe common stock on July 15, 2026
Shares surrendered for tax withholding
4112
Common shares surrendered to pay tax liability due at vesting at 224.5600 per share
Tax withholding price per share
224.5600
Per-share value used for shares surrendered to pay tax liabilities
Indirect common shares after transactions
361738.0000
Adobe common shares held indirectly by The Narayen Family Trust following the July 15, 2026 activity
Direct common shares after transactions
399.1500
Adobe common shares held directly by Shantanu Narayen after the reported transactions
ESPP shares included in direct holding
75.007
Shares acquired June 30, 2026 under Adobe's 2020 Employee Stock Purchase Plan included in direct holding
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax liability due at vesting, vesting commencement date
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.
Employee Stock Purchase Plan financial
"acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax liability due at vesting financial
"Shares surrendered to pay tax liability due at vesting."
vesting commencement date financial
"Vests 6.25% quarterly from the vesting commencement date of January 15, 2023."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Adobe (ADBE) CEO Shantanu Narayen report in this Form 4?
He reported equity award activity on July 15, 2026, exercising restricted stock units into Adobe common stock and surrendering shares to cover associated tax liabilities, with resulting holdings reported for both direct ownership and a family trust.
How many Adobe (ADBE) restricted stock units did Narayen convert to common stock?
He converted 8,298 restricted stock units into Adobe common stock. These exercises are reflected as multiple "M" transactions, moving shares into indirect ownership through The Narayen Family Trust as the RSUs vested and delivered underlying common shares.
How were Narayen’s indirect Adobe (ADBE) holdings structured in this filing?
Indirect holdings are reported as shares held by The Narayen Family Trust, dated 11/30/00, of which Narayen is a trustee. Multiple exercises and tax-withholding transactions changed the common stock balance reported as 361,738.0000 shares held by the trust after the transactions.
Were Narayen’s Adobe (ADBE) transactions made under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not affirmed in this filing, so these transactions are not reported as being made under a Rule 10b5-1 trading plan. The footnotes focus instead on trust ownership, tax withholding, and vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
