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

Role
SVP, CAO & Corp. Controller
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$119,522
Form type
4
Filing time
26 Jan 2022, 16:12:41 UTC
Previous filing
21 Dec 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +36 +3.3% $0.000000 1,144 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $10,393 -20 -1.7% $519.66 1,124 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +403 +36% $0.000000 1,527 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $109,129 -210 -14% $519.66 1,317 24 Jan 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% $0.000000 288 24 Jan 2022 Common Stock 36 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -403 -25% $0.000000 1,206 24 Jan 2022 Common Stock 403 $0.000000 Direct F3
transaction ADBE Performance Shares Award $0 +2,910 $0.000000 2,910 24 Jan 2022 Common Stock 2,910 $0.000000 Direct F4, F5
transaction ADBE Restricted Stock Units Award $0 +1,455 $0.000000 1,455 24 Jan 2022 Common Stock 1,455 $0.000000 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.