Adobe (ADBE) exec Wadhwani exercises RSUs as 1,496 shares withheld for tax
Rhea-AI Filing Summary
Adobe Inc. executive David Wadhwani, President of Digital Media (C&P), reported routine equity compensation activity involving restricted stock units on April 15, 2026. He exercised or converted RSUs into 3,022 shares of common stock and had 1,496 shares withheld to cover tax liabilities at $244.66 per share.
After these transactions, Wadhwani directly held 41,260.091 shares of Adobe common stock. An additional 355 shares are held indirectly through family trusts for which he serves as trustee. The RSU awards vest in 6.25% quarterly installments from vesting commencement dates between January 15, 2023 and January 15, 2026, reflecting ongoing stock-based compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,526 shares
Net Buy
13 txns
Insider
Wadhwani David
Role
President, C&P
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 760 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 437 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 695 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,130 | $0.00 | $0.00 |
| Exercise | Common Stock | 760 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 376 | $244.66 | $92K |
| Exercise | Common Stock | 437 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 216 | $244.66 | $53K |
| Exercise | Common Stock | 695 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 344 | $244.66 | $84K |
| Exercise | Common Stock | 1,130 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 560 | $244.66 | $137K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 29,949 shares (Direct);
Common Stock — 41,260.091 shares (Direct);
Common Stock — 355 shares (Indirect, By Trust)
Footnotes (6)
- F1. Shares surrendered to pay tax liability due at vesting.
- F2. All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.
- F3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
- F4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
- F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
- F6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSUs exercised: 3,022 shares
Shares withheld for taxes: 1,496 shares
Tax withholding price: $244.66 per share
+3 more
6 metrics
RSUs exercised
3,022 shares
Restricted Stock Units converted to Adobe common stock on April 15, 2026
Shares withheld for taxes
1,496 shares
Shares surrendered to pay tax liability due at vesting
Tax withholding price
$244.66 per share
Price used for tax-withholding dispositions of Adobe common stock
Direct holdings after transactions
41,260.091 shares
Adobe common stock directly held by David Wadhwani after Form 4 transactions
Indirect trust holdings
355 shares
Adobe shares held by Wadhwani family trusts where he is trustee
Quarterly vesting rate
6.25% quarterly
Vesting rate for multiple RSU grants commencing January 15 of 2023–2026
Key Terms
Restricted Stock Units, tax liability, vesting commencement date, Family Trust, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying_security_title: "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.
tax liability 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.
Family Trust financial
"All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006"
GST Trusts financial
"92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Adobe (ADBE) executive David Wadhwani report?
David Wadhwani reported routine equity compensation activity, exercising or converting restricted stock units into 3,022 Adobe common shares. In the same filing, 1,496 shares were withheld by the company to cover tax liabilities due at vesting, rather than sold in the open market.
Were David Wadhwani’s Adobe (ADBE) transactions open-market buys or sells?
The filing reflects exercises or conversions of restricted stock units and tax-withholding dispositions, not open-market purchases or sales. Code M entries show RSU conversions to common stock, while code F entries indicate shares delivered back to Adobe to satisfy tax obligations at vesting.
How do David Wadhwani’s Adobe (ADBE) RSUs vest over time?
Several RSU grants to David Wadhwani vest at 6.25% quarterly. Footnotes state vesting commencement dates of January 15 in 2023, 2024, 2025, and 2026, indicating a series of overlapping quarterly vesting schedules that gradually deliver additional common shares as compensation.
How are David Wadhwani’s indirect Adobe (ADBE) holdings structured?
The filing notes 355 Adobe shares held indirectly by family trusts. Most are in the 2006 Wadhwani Family Trust, with 92 shares in Wadhwani 2020 Family GST Trusts for his children. In each case, Wadhwani is disclosed as trustee overseeing these trust-held positions.