Adobe (ADBE) Chief Legal Officer Adele Pentland Exercises RSUs

What Happened

• Adele Pentland, Chief Legal Officer & EVP at Adobe (ADBE), had 1,949 derivative awards (RSUs/restricted stock units) convert to common shares on 2026-09-15. The conversion had a $0.00 exercise price. To cover tax withholding, 966 of the shares were surrendered at $257.76 per share (total ≈ $248,996), leaving about 983 shares issued to her.

Key Details

• Transaction date: 2026-09-15; Form filed 2026-09-17 (timely filing).
• Conversion/Exercise entries (code M): 1,949 shares converted to common stock at $0.00.
• Tax withholding (code F): 966 shares surrendered at $257.76/share for ~$248,996.
• Shares retained after withholding: 983 shares (1,949 − 966).
• Footnote F1: shares surrendered to pay tax liability due at vesting.
• Footnote F2: vesting schedule — 25% on June 15, 2026 (one-year anniversary of 6/15/2025) then 6.25% quarterly thereafter.

Context

• This was a vesting/conversion event, not an open-market sale or purchase. The surrender of shares to cover taxes is a common, routine withholding method (cashless settlement) and does not necessarily indicate a change in confidence. The conversion shows awards vesting rather than a new market buy or discretionary sale.