Adobe CLO exercises RSUs, net shares increase
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
ADOBE INC. Chief Legal Officer & EVP Adele Louise Pentland exercised restricted stock units into common shares as part of equity compensation. She converted 1,308 restricted stock units into 1,308 shares of common stock, increasing her direct share ownership.
To cover tax obligations on this vesting event, 444 shares of common stock were withheld at a price of $244.66 per share. After these transactions, she directly holds 1,207.759 shares of Adobe common stock. The derivative line shows 19,625 restricted stock units reported following the transaction, and a footnote notes that her holdings include 63.759 shares acquired under Adobe's 2020 Employee Stock Purchase Plan. The vested award is scheduled to vest 6.25% quarterly from a vesting commencement date of January 15, 2026.
Insider Trade Summary
1,308 shares exercised/converted
Exercise
3 txns
Insider
Pentland Adele Louise
Role
Chief Legal Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,308 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,308 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 444 | $244.66 | $109K |
Holdings After Transaction:
Restricted Stock Units — 19,625 contracts (Direct);
Common Stock — 1,207.759 shares (Direct)
Footnotes (2)
- F1. Includes 63.759 shares acquired on December 31, 2025 pursuant to Adobe's 2020 Employee Stock Purchase Plan as amended.
- F2. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSUs exercised: 1,308 units
Shares received from RSUs: 1,308 shares
Shares withheld for taxes: 444 shares
+5 more
8 metrics
RSUs exercised
1,308 units
Restricted Stock Units converted to common stock on April 15, 2026
Shares received from RSUs
1,308 shares
Adobe common stock acquired from RSU conversion
Shares withheld for taxes
444 shares
Tax-withholding disposition at $244.66 per share
Withholding price
$244.66 per share
Price used for 444-share tax-withholding transaction
Shares held after transaction
1,207.759 shares
Direct Adobe common stock ownership following Form 4 transactions
RSUs reported following transaction
19,625 units
Restricted Stock Units listed after the derivative transaction
ESPP shares included
63.759 shares
Acquired December 31, 2025 under Adobe's 2020 Employee Stock Purchase Plan
Quarterly vesting rate
6.25% quarterly
RSU award vesting from January 15, 2026 commencement date
Key Terms
Restricted Stock Units, tax-withholding disposition, Employee Stock Purchase Plan, vesting commencement date, +1 more
5 terms
Restricted Stock Units financial
"The filing reports transactions involving Restricted Stock Units converting into common stock."
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
"One transaction is coded F and described as a tax-withholding disposition of shares."
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.
Employee Stock Purchase Plan financial
"A footnote notes 63.759 shares acquired under 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.
vesting commencement date financial
"The RSU award vests 6.25% quarterly from a vesting commencement date of January 15, 2026."
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.
derivative security financial
"The M-coded transaction is described as exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Adobe (ADBE) executive Adele Pentland report?
Adele Pentland exercised 1,308 restricted stock units into 1,308 Adobe common shares. As part of the same event, 444 shares were withheld to cover tax liabilities, leaving her with 1,207.759 directly held shares of common stock afterward.
What does the tax-withholding transaction mean in Adele Pentland’s Adobe (ADBE) filing?
The tax-withholding transaction reflects 444 Adobe shares used to cover tax liabilities from the RSU vesting. Code F indicates shares were delivered for tax payment, so this disposition is a mechanical step, not an open-market sale decision by the insider.
How many Adobe (ADBE) restricted stock units does Adele Pentland report after the transaction?
The derivative section shows 19,625 restricted stock units following the exercise. This count represents remaining RSUs reported in this filing after converting 1,308 units into common shares, indicating a continuing equity-based compensation position with Adobe.
What vesting schedule applies to Adele Pentland’s Adobe (ADBE) restricted stock units?
A footnote states the relevant restricted stock unit award vests 6.25% quarterly. The vesting begins from a vesting commencement date of January 15, 2026, creating a regular, scheduled release of shares over time under Adobe’s compensation framework.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates