Adobe (NASDAQ: ADBE) CEO gains shares via RSUs as taxes paid in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adobe Inc. Chair and CEO Shantanu Narayen reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On April 15, 2026, multiple RSU awards converted into a total of 8,299 shares of Adobe common stock.
The newly delivered shares were credited mainly to The Narayen Family Trust, where he is a trustee. To cover tax liabilities due at vesting, the trust surrendered 4,113 shares at $244.66 per share. After these transactions, the trust held 434,538 Adobe shares, and a separate direct account showed 324.143 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,299 shares exercised/converted
Mixed
13 txns
Insider
NARAYEN SHANTANU
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,199 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,265 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,978 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,857 | $0.00 | -- |
| Exercise | Common Stock | 2,199 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,090 | $244.66 | $267K |
| Exercise | Common Stock | 1,265 | $0.00 | -- |
| Tax Withholding | Common Stock | 627 | $244.66 | $153K |
| Exercise | Common Stock | 1,978 | $0.00 | -- |
| Tax Withholding | Common Stock | 980 | $244.66 | $240K |
| Exercise | Common Stock | 2,857 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,416 | $244.66 | $346K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,600 shares (Direct);
Common Stock — 432,551 shares (Indirect, by trust);
Common Stock — 324.143 shares (Direct)
Footnotes (1)
- Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. 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
RSU conversions: 8,299 shares
Tax-withholding shares: 4,113 shares
Tax-withholding price: $244.66/share
+3 more
6 metrics
RSU conversions
8,299 shares
Total common shares delivered from RSU exercises on April 15, 2026
Tax-withholding shares
4,113 shares
Shares surrendered to pay tax liability at vesting
Tax-withholding price
$244.66/share
Price used for shares surrendered for tax liabilities
Trust holdings after transactions
434,538 shares
Adobe common stock held indirectly by The Narayen Family Trust
Direct common stock holding
324.143 shares
Direct Adobe common stock position after reported transactions
Quarterly vesting rate
6.25% per quarter
RSU awards vest 6.25% quarterly from stated commencement dates
Key Terms
Restricted Stock Units, tax-withholding disposition, by trust, vesting commencement date, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" with underlying 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
"transaction_action: "tax-withholding disposition" for code F entries"
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.
by trust financial
"nature_of_ownership: "by trust" for indirect common stock holdings"
vesting commencement date financial
"Vests 6.25% quarterly from the vesting commencement date of January 15, 2023."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What did Adobe (ADBE) CEO Shantanu Narayen report in this Form 4?
Shantanu Narayen reported routine equity compensation activity as restricted stock units converted into common shares. Several RSU awards vested and delivered stock, with a portion of those shares then used to satisfy tax obligations due at vesting.
What do the vesting schedules mean for Adobe (ADBE) RSU awards here?
The RSU awards vest in 6.25% quarterly installments from specific commencement dates in January 2023, 2024, 2025, and 2026. This structure gradually delivers shares over time, leading to periodic Form 4 reports as additional tranches convert into common stock.
Are the Adobe (ADBE) Form 4 tax-withholding transactions open-market sales?
No, the transactions coded “F” represent shares surrendered to pay tax liabilities due at vesting. They are described as payment of tax by delivering securities, meaning they are withholding arrangements with the issuer rather than discretionary open-market sales.