Adobe (NASDAQ: ADBE) CFO boosts holdings through RSU vesting and tax share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adobe EVP & CFO Daniel Durn reported routine equity compensation activity. On April 15, 2026, several restricted stock unit (RSU) awards vested, converting 4,558 RSUs into common stock. To cover tax obligations at vesting, 2,384 shares were surrendered at $244.66 per share. After these transactions, Durn directly holds 44,168.787 shares of Adobe common stock. All dispositions were for tax withholding rather than open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,558 shares exercised/converted
Mixed
12 txns
Insider
Durn Daniel
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,132 | $0.00 | -- |
| Exercise | Restricted Stock Units | 650 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,050 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,726 | $0.00 | -- |
| Exercise | Common Stock | 1,132 | $0.00 | -- |
| Tax Withholding | Common Stock | 592 | $244.66 | $145K |
| Exercise | Common Stock | 650 | $0.00 | -- |
| Tax Withholding | Common Stock | 340 | $244.66 | $83K |
| Exercise | Common Stock | 1,050 | $0.00 | -- |
| Tax Withholding | Common Stock | 549 | $244.66 | $134K |
| Exercise | Common Stock | 1,726 | $0.00 | -- |
| Tax Withholding | Common Stock | 903 | $244.66 | $221K |
Holdings After Transaction:
Restricted Stock Units — 3,395 shares (Direct);
Common Stock — 43,126.787 shares (Direct)
Footnotes (1)
- Shares surrendered to pay tax liability due at vesting. 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 converted: 4,558 shares
Shares for tax withholding: 2,384 shares
Tax withholding price: $244.66 per share
+5 more
8 metrics
RSUs converted
4,558 shares
Restricted stock units exercised into common stock on April 15, 2026
Shares for tax withholding
2,384 shares
Common shares surrendered to pay tax liability at vesting
Tax withholding price
$244.66 per share
Price used for F-code tax-withholding dispositions of common stock
Post-transaction holdings
44,168.787 shares
Adobe common stock directly held by CFO after all transactions
RSU tranche 1
1,132 units
Restricted Stock Units exercised into common stock on April 15, 2026
RSU tranche 2
650 units
Restricted Stock Units exercised into common stock on April 15, 2026
RSU tranche 3
1,050 units
Restricted Stock Units exercised into common stock on April 15, 2026
RSU tranche 4
1,726 units
Restricted Stock Units exercised into common stock on April 15, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, vests 6.25% quarterly, +1 more
5 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""
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
vests 6.25% quarterly financial
"Footnote: "Vests 6.25% quarterly from the vesting commencement date""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider activity did Adobe (ADBE) CFO Daniel Durn report on this Form 4?
Adobe CFO Daniel Durn reported RSU vesting that converted 4,558 restricted stock units into common shares. He also surrendered 2,384 shares at $244.66 per share to satisfy tax liabilities due at vesting, a common compensation-related event.
Did the Adobe (ADBE) CFO make any open-market stock sales in this filing?
No open-market sales were reported. The filing shows tax-withholding dispositions only, where 2,384 shares were surrendered at $244.66 per share to pay taxes on RSU vesting, rather than discretionary sales into the market.
What RSU awards vested for the Adobe (ADBE) CFO in this Form 4?
Several RSU tranches vested, including 1,132, 650, 1,050, and 1,726 restricted stock units. Footnotes state these RSUs vest 6.25% quarterly from vesting commencement dates in January 2023, 2024, 2025, and 2026, respectively.
Is this Adobe (ADBE) Form 4 for the CFO a routine compensation event?
Yes. The Form 4 reflects RSU vesting and related tax-withholding share surrenders, both standard elements of equity compensation. There are no open-market purchases or sales, indicating routine administration of previously granted awards.