Adobe SVP logs routine RSU vesting and tax share surrender
Adobe SVP & CAO Jillian Forusz reported routine equity compensation activity in Adobe common stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Adobe SVP & CAO Jillian Forusz reported routine equity compensation activity in Adobe common stock. On June 15, 2026, she exercised restricted stock units that converted into 461 shares of common stock. Of these, 158 shares were surrendered at $206.36 per share to cover tax liabilities at vesting, leaving her with 3,675.156 Adobe shares held directly after the transactions.
Insider Trade Summary
461 shares exercised/converted
Exercise
6 txns
Insider
Forusz Jillian
Role
SVP & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 234 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 227 | $0.00 | $0.00 |
| Exercise | Common Stock | 234 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 80 | $206.36 | $17K |
| Exercise | Common Stock | 227 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 78 | $206.36 | $16K |
Holdings After Transaction:
Restricted Stock Units — 2,042 contracts (Direct);
Common Stock — 3,824.156 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 2,503 to 2,042 contracts (Direct);
Common Stock, 3,521.156 to 3,824.156 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 June 15, 2022.
- F3. Vests 6.25% quarterly from the vesting commencement date of September 15, 2024.
Key Figures
RSU shares converted: 461 shares
Shares withheld for taxes: 158 shares
Tax withholding price: $206.36 per share
+3 more
6 metrics
RSU shares converted
461 shares
Common stock received from RSU exercises on June 15, 2026
Shares withheld for taxes
158 shares
Surrendered to pay tax liability at vesting
Tax withholding price
$206.36 per share
Value used for shares surrendered for tax liabilities
Shares held after transactions
3,675.156 shares
Direct Adobe common stock holdings post-transaction
First RSU vesting rate
6.25% quarterly
From vesting commencement date of June 15, 2022
Second RSU vesting rate
6.25% quarterly
From vesting commencement date of September 15, 2024
Key Terms
Restricted Stock Units, tax liability, derivative security, tax-withholding disposition
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying_security_title: "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 liability financial
"Shares surrendered to pay tax liability due at vesting."
derivative security financial
"transaction_code_description: "Exercise or conversion of 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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Adobe (ADBE) executive Jillian Forusz report in this Form 4?
Jillian Forusz reported routine equity compensation activity. She exercised restricted stock units into common shares and surrendered a portion of those shares to cover tax liabilities due at vesting, with the remaining shares added to her direct Adobe holdings.
Were Jillian Forusz’s Adobe (ADBE) transactions open-market buys or sales?
The filing shows no open-market buys or sales. It reflects RSU exercises and shares surrendered to cover tax liabilities, categorized as derivative exercises and tax-withholding dispositions, rather than discretionary purchases or sales on the open market.
How do Jillian Forusz’s Adobe (ADBE) RSU awards vest over time?
One RSU grant vests 6.25% quarterly from the vesting commencement date of June 15, 2022. Another RSU grant vests 6.25% quarterly from the vesting commencement date of September 15, 2024, creating a regular schedule of share delivery.
AI-generated analysis. How Rhea-AI works. Not financial advice.
