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Adobe (NASDAQ: ADBE) SVP reports RSU awards and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Adobe Inc. SVP & CAO Jillian Forusz reported equity award activity and related tax withholding in a Form 4. On January 14, 2026, she received restricted stock units (RSUs) covering 247, 60, and 38 shares of Adobe common stock, earned under the company’s 2023, 2024, and 2025 Performance Share Programs tied to fiscal 2025 Net New Sales and, for 2023 awards, relative total shareholder return. These RSUs will vest in full on the three-year anniversaries of their respective January 24 vesting commencement dates.

On January 15, 2026, RSUs for 60, 35, and 22 shares were converted into Adobe common stock at an exercise price of $0. To cover tax liabilities at vesting, 24, 14, and 9 shares were surrendered at a price of $304.09 per share. Following these transactions, Forusz directly owned approximately 3,179.156 shares of Adobe common stock, along with remaining RSU balances that continue to vest quarterly at 6.25% from their respective January 15, 2023–2025 commencement dates.

Positive

  • None.

Negative

  • None.
Insider Forusz Jillian
Role SVP & CAO
Type Security Shares Price Value
Exercise Restricted Stock Units 60 $0.00 --
Exercise Restricted Stock Units 35 $0.00 --
Exercise Restricted Stock Units 22 $0.00 --
Exercise Common Stock 60 $0.00 --
Tax Withholding Common Stock 24 $304.09 $7K
Exercise Common Stock 35 $0.00 --
Tax Withholding Common Stock 14 $304.09 $4K
Exercise Common Stock 22 $0.00 --
Tax Withholding Common Stock 9 $304.09 $3K
Grant/Award Restricted Stock Units 247 $0.00 --
Grant/Award Restricted Stock Units 60 $0.00 --
Grant/Award Restricted Stock Units 38 $0.00 --
Holdings After Transaction: Restricted Stock Units — 239 shares (Direct); Common Stock — 3,169.156 shares (Direct)
Footnotes (1)
  1. Shares surrendered to pay tax liability due at vesting. Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout. Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date. Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Forusz Jillian
(Last) (First) (Middle)
ADOBE INC.
345 PARK AVENUE
(Street)
SAN JOSE CA 95110
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADOBE INC. [ ADBE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & CAO
3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/15/2026 M 60 A $0 3,169.156 D
Common Stock 01/15/2026 F 24(1) D $304.09 3,145.156 D
Common Stock 01/15/2026 M 35 A $0 3,180.156 D
Common Stock 01/15/2026 F 14(1) D $304.09 3,166.156 D
Common Stock 01/15/2026 M 22 A $0 3,188.156 D
Common Stock 01/15/2026 F 9(1) D $304.09 3,179.156 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0 01/14/2026 A 247 (2) (2) Common Stock 247 $0 247 D
Restricted Stock Units $0 01/14/2026 A 60 (3) (3) Common Stock 60 $0 60 D
Restricted Stock Units $0 01/14/2026 A 38 (4) (4) Common Stock 38 $0 38 D
Restricted Stock Units $0 01/15/2026 M 60 (5) (5) Common Stock 60 $0 239 D
Restricted Stock Units $0 01/15/2026 M 35 (6) (6) Common Stock 35 $0 275 D
Restricted Stock Units $0 01/15/2026 M 22 (7) (7) Common Stock 22 $0 261 D
Explanation of Responses:
1. Shares surrendered to pay tax liability due at vesting.
2. Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
3. Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.
4. Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date.
5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
7. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
Remarks:
/s/ Jillian Forusz 01/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Adobe (ADBE) report for Jillian Forusz?

The filing shows that SVP & CAO Jillian Forusz received new restricted stock unit (RSU) awards and had existing RSUs vest and convert into Adobe common stock, with some shares surrendered to satisfy tax obligations.

How many Adobe RSUs were granted to Jillian Forusz in January 2026?

On January 14, 2026, Forusz received RSU awards covering 247, 60, and 38 shares of Adobe Inc. common stock under the 2023, 2024, and 2025 Performance Share Programs.

What performance goals are tied to the new Adobe (ADBE) RSU awards?

The RSUs relate to Adobe’s Performance Share Programs and were earned based on achievement of the fiscal year 2025 Net New Sales goal, and for the 2023 program also the three-year relative total stockholder return goal.

When will the new Adobe performance-based RSUs vest for Jillian Forusz?

The RSUs granted on January 14, 2026 will vest in full on the three-year anniversaries of their vesting commencement dates: January 24, 2023, January 24, 2024, and January 24, 2025, respectively.

Why were some Adobe shares surrendered at $304.09 in this Form 4?

The Form 4 notes that 24, 14, and 9 shares of Adobe common stock were surrendered to pay tax liability due at vesting, at a price of $304.09 per share.

How many Adobe shares does Jillian Forusz own after these transactions?

After the RSU conversions and tax share surrenders on January 15, 2026, Forusz directly beneficially owned 3,179.156 shares of Adobe common stock.

How do the reported Adobe RSU awards vest over time?

Footnotes state that certain RSUs vest 6.25% quarterly from vesting commencement dates of January 15, 2023, January 15, 2024, and January 15, 2025, providing ongoing equity-based compensation.