Adobe CAO converts 3,085 RSUs, withholds tax
Adobe’s SVP & CAO reported RSU vesting into common shares with a portion withheld to cover tax obligations.
Rhea-AI Filing Summary
ADOBE INC. reported that senior vice president and chief accounting officer Jillian Forusz had restricted stock units convert into common stock on September 15, 2026. Two tranches of restricted stock units covering 227 shares and 2,858 shares converted into the same number of common shares at no cost. On the same date, a total of 1,528 common shares were surrendered at $257.76 per share to cover tax liabilities due at vesting. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,085 shares exercised/converted
Exercise
6 txns
Insider
Forusz Jillian
Role
SVP & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2 | 227 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 2,858 | $0.00 | $0.00 |
| Exercise | Common Stock | 227 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 112 | $257.76 | $29K |
| Exercise | Common Stock | 2,858 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,416 | $257.76 | $365K |
Holdings After Transaction:
Restricted Stock Units — 10,387 contracts (Direct);
Common Stock — 5,381.156 shares (Direct)
Footnotes (3)
- F1. Shares surrendered to pay tax liability due at vesting.
- F2. Vests 6.25% quarterly from the vesting commencement date of September 15, 2024.
- F3. Vests 25% annually from the vesting commencement date of September 15, 2025.
Key Figures
RSUs converted (first tranche): 227 shares
RSUs converted (second tranche): 2,858 shares
Total RSUs converted: 3,085 shares
+4 more
7 metrics
RSUs converted (first tranche)
227 shares
Restricted stock units converting into common stock on September 15, 2026
RSUs converted (second tranche)
2,858 shares
Restricted stock units converting into common stock on September 15, 2026
Total RSUs converted
3,085 shares
Sum of restricted stock units converting into common stock on September 15, 2026
Shares surrendered for tax
1,528 shares
Common shares surrendered to pay tax liability at vesting
Per-share value for tax withholding
$257.76 per share
Value used for shares surrendered to pay tax liability
Quarterly vesting rate (one RSU grant)
6.25% quarterly
From vesting commencement date of September 15, 2024
Annual vesting rate (other RSU grant)
25% annually
From vesting commencement date of September 15, 2025
Key Terms
Restricted Stock Units, tax liability, vesting
3 terms
Restricted Stock Units financial
"Vests 6.25% quarterly from the vesting commencement date of September 15, 2024."
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 liability financial
"Shares surrendered to pay tax liability due at vesting."
vesting financial
"Shares surrendered to pay tax liability due at vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ADBE executive Jillian Forusz report in this Form 4?
Jillian Forusz reported the conversion of restricted stock units into 3,085 shares of Adobe common stock on September 15, 2026, and the surrender of 1,528 shares to satisfy tax liabilities associated with those vestings.
How many Adobe (ADBE) RSUs vested for Jillian Forusz on September 15, 2026?
Restricted stock units covering 227 shares and 2,858 shares, for a total of 3,085 shares, vested and converted into Adobe common stock for Jillian Forusz on September 15, 2026.
Was a Rule 10b5-1 trading plan used for these ADBE transactions?
No. The filing indicates that these transactions were not made pursuant to a Rule 10b5-1 trading plan; they relate to RSU vesting and associated tax withholding.
What vesting schedules apply to the RSUs in this ADBE Form 4?
One RSU award vests 6.25% quarterly starting from September 15, 2024, and another vests 25% annually starting from September 15, 2025, as disclosed in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.