Adobe (NASDAQ: ADBE) EVP nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ADOBE INC. executive Gloria Chen, EVP and Chief People Officer, reported routine equity compensation activity involving restricted stock units that vested into common shares. On April 15, 2026, she exercised derivative awards labeled as restricted stock units, converting 3,243 shares into Adobe common stock at a stated exercise price of $0.0000 per share.
To cover tax obligations at vesting, a total of 1,606 shares of common stock were surrendered in tax-withholding dispositions at $244.66 per share, as noted in the footnote that the shares were “surrendered to pay tax liability due at vesting.” After these transactions, Chen directly held 48,721.112 shares of Adobe common stock and indirectly held 667 shares through The John Kibarian and Gloria Chen Trust, of which she is a trustee. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,243 shares exercised/converted
Mixed
13 txns
Insider
Chen Gloria
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 769 | $0.00 | -- |
| Exercise | Restricted Stock Units | 442 | $0.00 | -- |
| Exercise | Restricted Stock Units | 724 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,308 | $0.00 | -- |
| Exercise | Common Stock | 769 | $0.00 | -- |
| Tax Withholding | Common Stock | 381 | $244.66 | $93K |
| Exercise | Common Stock | 442 | $0.00 | -- |
| Tax Withholding | Common Stock | 219 | $244.66 | $54K |
| Exercise | Common Stock | 724 | $0.00 | -- |
| Tax Withholding | Common Stock | 358 | $244.66 | $88K |
| Exercise | Common Stock | 1,308 | $0.00 | -- |
| Tax Withholding | Common Stock | 648 | $244.66 | $159K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,309 shares (Direct);
Common Stock — 47,853.112 shares (Direct);
Common Stock — 667 shares (Indirect, by trust)
Footnotes (1)
- Shares surrendered to pay tax liability due at vesting. Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee. 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. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSUs exercised: 3,243 shares
Tax-withholding shares: 1,606 shares
Tax-withholding price: $244.66 per share
+4 more
7 metrics
RSUs exercised
3,243 shares
Underlying common stock from restricted stock units exercised on April 15, 2026
Tax-withholding shares
1,606 shares
Common shares surrendered to pay tax liability at vesting
Tax-withholding price
$244.66 per share
Value used for F-code tax-withholding dispositions of common stock
Direct holdings after transactions
48,721.112 shares
Adobe common stock directly owned by Gloria Chen following Form 4 events
Indirect trust holdings
667 shares
Common stock held by The John Kibarian and Gloria Chen Trust
Derivative exercises count
4 transactions
M-code exercises or conversions of restricted stock units
Tax-withholding transactions
4 transactions
F-code dispositions for payment of tax liability at vesting
Key Terms
Restricted Stock Units, tax-withholding disposition, vesting commencement date, trust
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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-withholding disposition financial
"transaction_action: "tax-withholding disposition" for code F transactions"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
trust financial
"Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004"
FAQ
What insider transactions did Adobe (ADBE) EVP Gloria Chen report?
Gloria Chen reported routine equity compensation activity, exercising restricted stock units into 3,243 shares of Adobe common stock. She then surrendered 1,606 shares to cover tax liabilities at vesting, without reporting any open-market purchases or sales.
Were Gloria Chen’s Adobe (ADBE) transactions open-market buys or sells?
The Form 4 shows no open-market buys or sells by Gloria Chen. Instead, it reflects RSU exercises (code M) converting into 3,243 shares of common stock, and tax-withholding dispositions (code F) of 1,606 shares to satisfy vesting-related tax obligations.
How many restricted stock units did Gloria Chen exercise in this Adobe (ADBE) filing?
The filing’s summary shows Chen exercised restricted stock units corresponding to 3,243 underlying shares of Adobe common stock. These derivative exercises are coded M and occur at a stated conversion price of $0.0000 per share as part of her compensation vesting.