Daniel Durn - 24 Jan 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP & CFO
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$463,935
Form type
4
Filing time
26 Jan 2023, 16:01:43 UTC
Previous filing
16 Nov 2022
Next filing
16 Feb 2023
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 +2,424 +22% $0.000000 13,201 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $463,935 -1,284 -9.7% $361.32 11,917 24 Jan 2023 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 -2,424 -25% $0.000000 7,270 24 Jan 2023 Common Stock 2,424 $0.000000 Direct F2
transaction ADBE Performance Shares Award $0 +36,210 $0.000000 36,210 24 Jan 2023 Common Stock 36,210 $0.000000 Direct F3, F4
transaction ADBE Restricted Stock Units Award $0 +18,105 $0.000000 18,105 24 Jan 2023 Common Stock 18,105 $0.000000 Direct F5
* 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, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F3 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.
F4 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F5 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.