Mark S. Garfield - Jan 24, 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP, CAO & Corp. Controller
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$119,522
Form type
4
Date filed
1/26/2022, 04:12 PM
Previous filing
Dec 21, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +36 +3.25% $0.00 1.14K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$10.4K -20 -1.75% $519.66 1.12K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +403 +35.87% $0.00 1.53K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$109K -210 -13.76% $519.66 1.32K Jan 24, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADBE Restricted Stock Units Options Exercise $0 -36 -11.11% $0.00 288 Jan 24, 2022 Common Stock 36 $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -403 -25.05% $0.00 1.21K Jan 24, 2022 Common Stock 403 $0.00 Direct F3
transaction ADBE Performance Shares Award $0 +2.91K $0.00 2.91K Jan 24, 2022 Common Stock 2.91K $0.00 Direct F4, F5
transaction ADBE Restricted Stock Units Award $0 +1.46K $0.00 1.46K Jan 24, 2022 Common Stock 1.46K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F5 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.
F6 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.