Adobe executive exercises RSUs, withholds shares for taxes
Adobe EVP and Chief People Officer Gloria Chen reported multiple equity transactions on July 15, 2026.
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Form Type
4
Rhea-AI Filing Summary
Adobe EVP and Chief People Officer Gloria Chen reported multiple equity transactions on July 15, 2026. She converted restricted stock units into 3,245 shares of common stock and surrendered 1,607 shares at $224.56 per share to cover tax liabilities. She also received a new award of 31,662 restricted stock units, each for one share of common stock, and continues to hold 667 shares indirectly through a family trust.
Insider Trade Summary
3,245 shares exercised/converted
Exercise
13 txns
Insider
Chen Gloria
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 770 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5 | 442 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6 | 725 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7 | 1,308 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F8 | 31,662 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 770 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 381 | $224.56 | $86K |
| Exercise | Common Stock | 442 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 219 | $224.56 | $49K |
| Exercise | Common Stock | 725 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 359 | $224.56 | $81K |
| Exercise | Common Stock | 1,308 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 648 | $224.56 | $146K |
| Holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 61,418 contracts (Direct);
Common Stock — 50,434.119 shares (Direct);
Common Stock — 667 shares (Indirect, by trust)
Holdings Before and After:
Restricted Stock Units, 33,001 to 61,418 contracts (Direct);
Common Stock, 48,796.119 to 50,434.119 shares (Direct)
Footnotes (8)
- F1. Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended.
- F2. Shares surrendered to pay tax liability due at vesting.
- F3. Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
- 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.
- F8. Vests 50% annually from the vesting commencement date of July 15, 2026.
Key Figures
RSU shares converted to common stock: 3,245 shares
Shares withheld for taxes: 1,607 shares
Tax withholding price per share: $224.56
+2 more
5 metrics
RSU shares converted to common stock
3,245 shares
Total shares from RSU exercises (M-code) on July 15, 2026
Shares withheld for taxes
1,607 shares
F-code shares surrendered to pay tax liability due at vesting
Tax withholding price per share
$224.56
Per-share value used for tax-withholding share surrenders
New RSU award size
31,662 units
Restricted Stock Units granted on July 15, 2026, each for one common share
Indirect trust holdings
667 shares
Common stock held by The John Kibarian and Gloria Chen Trust
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax liability, vesting commencement date
4 terms
Restricted Stock Units financial
"Security title listed as Restricted Stock Units with 31,662 units granted"
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"
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 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 transactions did Adobe (ADBE) EVP Gloria Chen report on July 15, 2026?
Gloria Chen reported converting restricted stock units into 3,245 Adobe common shares and surrendering 1,607 shares at $224.56 per share to pay taxes. She also received a new grant of 31,662 restricted stock units, each representing one share of common stock.
What are the key terms of Gloria Chen's new RSU grant at Adobe (ADBE)?
Gloria Chen received a new grant of 31,662 restricted stock units, each convertible into one Adobe common share. According to the vesting footnote, this award vests 50% annually starting from a vesting commencement date of July 15, 2026, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
