Forusz Jillian 4

What Happened
Jillian Forusz, Senior Vice President & Chief Accounting Officer at Adobe (ADBE), had 460 derivative awards converted into common shares (233 + 227) on March 15, 2026 (reported March 16). To satisfy tax withholding due at vesting, she surrendered 158 of those shares (80 + 78) at $249.32 each, generating total withheld value of $19,946 and $19,447, respectively (combined ≈ $39,393). The filing shows the derivative conversions at $0 per share (code M) and the withholding dispositions (code F).

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-16 (timely).
• Conversions (code M): 233 and 227 derivative units converted into shares at $0 per share (total 460).
• Tax withholding (code F): 80 shares @ $249.32 = $19,946; 78 shares @ $249.32 = $19,447; total ≈ $39,393.
• Footnotes: F1 — shares surrendered to pay tax liability due at vesting; F2/F3 — these awards vest 6.25% quarterly from 6/15/2022 and 9/15/2024, respectively.
• Shares owned after the transactions are not specified in the provided filing lines.
• This is a routine vesting/conversion and tax-withholding event, not a market sale for investment purposes.

Context
The filing indicates a standard equity-award vesting and tax-withholding process: derivative awards (often RSUs or similar) were converted into common shares, and a portion was withheld/surrendered to cover payroll taxes. Such withholding transactions are administrative and do not necessarily signal buying or selling intent in the open market.