Adobe director exercises RSUs, gets new award
Adobe Inc. director David A. Ricks reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Adobe Inc. director David A. Ricks reported routine equity compensation activity. On April 15, 2026, he exercised 900 restricted stock units into 900 shares of common stock and received a new award of 1,367 restricted stock units. After these transactions, he holds 7,655 shares of Adobe common stock directly and 2,775 shares indirectly through a trust. The reported restricted stock unit award vested in full on April 15, 2026.
Insider Trade Summary
900 shares exercised/converted
Exercise
4 txns
Insider
Ricks David A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 900 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,367 | $0.00 | $0.00 |
| Exercise | Common Stock | 900 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,367 contracts (Direct);
Common Stock — 7,655 shares (Direct);
Common Stock — 2,775 shares (Indirect, by trust)
Footnotes (4)
- F1. On January 21, 2026, 1,138 shares of common stock were transferred to the reporting person as an annuity payment in accordance with the terms of the David A Ricks 12-2022 Grantor Retained Annuity Trust, of which the reporting person is the trustee.
- F2. Shares held by the David A Ricks 12-2022 Grantor Retained Annuity Trust of which the reporting person is a trustee.
- F3. This restricted stock unit award vested in full on April 15, 2026.
- F4. Vests 100% on the day of the Issuer's next annual meeting of stockholders.
Key Figures
RSUs exercised: 900 units
New RSU grant: 1,367 units
Direct common shares: 7,655 shares
+3 more
6 metrics
RSUs exercised
900 units
Restricted stock units converted to common stock on April 15, 2026
New RSU grant
1,367 units
Restricted stock unit award granted to director on April 15, 2026
Direct common shares
7,655 shares
Adobe common stock held directly after transactions
Indirect common shares
2,775 shares
Adobe common stock held indirectly by trust for reporting person
Derivative exercises
900 shares
Total derivative exercise shares per transactionSummary
Annuity transfer shares
1,138 shares
Common stock transferred as annuity payment on January 21, 2026
Key Terms
Restricted Stock Units, Grantor Retained Annuity Trust, annuity payment, trustee, +1 more
5 terms
Restricted Stock Units financial
"This restricted stock unit award vested in full on April 15, 2026."
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.
Grantor Retained Annuity Trust financial
"the David A Ricks 12-2022 Grantor Retained Annuity Trust, of which the reporting person is the trustee."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
annuity payment financial
"1,138 shares of common stock were transferred to the reporting person as an annuity payment in accordance with the terms of the David A Ricks 12-2022 Grantor Retained Annuity Trust"
trustee financial
"the reporting person is the trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
indirect ownership financial
"Shares held by the David A Ricks 12-2022 Grantor Retained Annuity Trust of which the reporting person is a trustee."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Adobe (ADBE) director David A. Ricks report?
David A. Ricks reported routine equity compensation activity at Adobe. He exercised 900 restricted stock units into common stock and received a new grant of 1,367 restricted stock units, reflecting normal director compensation rather than open-market buying or selling.
What happened to David A. Ricks’s Adobe (ADBE) restricted stock units on April 15, 2026?
On April 15, 2026, a restricted stock unit award for David A. Ricks vested in full, covering 900 units that converted into common stock. He also received a separate new award of 1,367 restricted stock units that vests 100% on Adobe’s next annual stockholders’ meeting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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