Adobe (NASDAQ: ADBE) CMO nets shares after RSU vesting and tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adobe Inc. Chief Marketing Officer & EVP Lara Balazs exercised restricted stock units into common shares and surrendered part of the stock for taxes. On April 15, 2026, she converted RSUs into a total of 2,537 shares of Adobe common stock.
Of these, 1,257 shares were surrendered at $244.66 per share to cover tax liabilities due at vesting, leaving 4,282.164 shares of common stock held directly afterward. The filing also shows small indirect holdings of 8.5 shares by a spouse and 0.538 shares by a spouse’s IRA.
Footnotes state that one RSU award vests 25% on the first anniversary of a January 15, 2025 vesting commencement date then 6.25% quarterly, and another vests 6.25% quarterly from a January 15, 2026 commencement date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,537 shares exercised/converted
Mixed
8 txns
Insider
Balazs Lara
Role
Chief Marketing Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,229 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,308 | $0.00 | -- |
| Exercise | Common Stock | 1,229 | $0.00 | -- |
| Tax Withholding | Common Stock | 609 | $244.66 | $149K |
| Exercise | Common Stock | 1,308 | $0.00 | -- |
| Tax Withholding | Common Stock | 648 | $244.66 | $159K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 13,526 shares (Direct);
Common Stock — 4,231.164 shares (Direct);
Common Stock — 8.5 shares (Indirect, By Spouse)
Footnotes (1)
- Shares surrendered to pay tax liability due at vesting. Vests 25% on the first anniversary of the January 15, 2025 vesting commencement date and then 6.25% quarterly thereafter. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSU conversions: 2,537 shares
Shares surrendered for tax: 1,257 shares
Tax withholding price: $244.66 per share
+3 more
6 metrics
RSU conversions
2,537 shares
Common stock received from RSU exercises on April 15, 2026
Shares surrendered for tax
1,257 shares
Tax-withholding dispositions at vesting on April 15, 2026
Tax withholding price
$244.66 per share
Price used for F-code tax-withholding dispositions
Direct holdings after transactions
4,282.164 shares
Adobe common stock held directly after April 15, 2026 events
Indirect spouse holdings
8.5 shares
Adobe common stock held indirectly by spouse
Indirect spouse IRA holdings
0.538 shares
Adobe common stock held indirectly by spouse’s IRA
Key Terms
Restricted Stock Units, tax-withholding disposition, vesting commencement date, quarterly vesting, +1 more
5 terms
Restricted Stock Units financial
"On April 15, 2026, she converted RSUs into a total of 2,537 shares"
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
"shares were surrendered at $244.66 per share to cover tax liabilities"
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
"anniversary of the January 15, 2025 vesting commencement date"
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.
quarterly vesting financial
"then 6.25% quarterly thereafter and 6.25% quarterly from January 15, 2026"
indirect ownership financial
"indirect holdings of 8.5 shares by a spouse and 0.538 shares by a spouse’s IRA"
FAQ
What insider transactions did Adobe (ADBE) CMO Lara Balazs report?
Lara Balazs reported exercising restricted stock units into 2,537 Adobe common shares. The filing also shows 1,257 shares surrendered to satisfy tax liabilities at vesting, leaving 4,282.164 shares held directly plus small indirect holdings through her spouse and spouse’s IRA.
Does the Adobe (ADBE) Form 4 show any indirect holdings for Lara Balazs?
Yes. The Form 4 reports indirect holdings of 8.5 Adobe common shares held by her spouse and 0.538 shares held by her spouse’s IRA. These positions are classified as indirect ownership with nature-of-ownership descriptions “By Spouse” and “By Spouse IRA,” respectively.
How do Lara Balazs’ Adobe (ADBE) RSU awards vest over time?
One RSU award vests 25% on the first anniversary of the January 15, 2025 vesting commencement date, then 6.25% quarterly. Another award vests 6.25% quarterly starting from its January 15, 2026 vesting commencement date, providing a structured, time-based equity compensation schedule.
Were Lara Balazs’ Adobe (ADBE) transactions open-market buys or routine equity events?
The reported transactions are routine equity events tied to restricted stock units. Code “M” entries reflect RSU conversions into common stock, while code “F” entries show shares surrendered at $244.66 per share to satisfy tax obligations, not open-market purchases or sales.