Balazs Lara 4

What Happened
Balazs Lara, Chief Marketing Officer and EVP of Adobe Inc. (ADBE), was granted 20,933 shares as a derivative award on January 26, 2026. The Form 4 reports an acquisition price of $0.00 (typical for restricted stock/RSU grants); no cash was paid. This was an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-26; Form 4 filed: 2026-01-27.
• Shares granted: 20,933; acquisition price reported: $0.00.
• Shares owned after transaction: not disclosed in the materials provided.
• Footnote: Vests 6.25% quarterly starting from the vesting commencement date of January 15, 2026 (6.25% per quarter implies full vesting after 16 quarters / 4 years).
• Transaction type: Derivative award (A). No indication in the provided filing that this was a sale or tax-withholding event.

Context
This is a standard equity compensation award used to retain and incentivize executives; it does not represent an open-market purchase or sale. Because the grant vests over time, any shares will only transfer to Lara as they vest according to the schedule. The filing shows the award shortly after the grant date (filed 1/27/2026 for the 1/26/2026 grant).