Adobe Inc.: chief legal officer & EVP Adele Pentland exercised 1,308 shares

What happened

• Adele Pentland, chief legal officer & EVP, exercised or converted derivatives for 1,308 shares on Oct 15, 2026. The filing shows 648 of those shares were surrendered to cover tax withholding at $251.67 per share for a total of $163,082. The filing records derivative exercise/conversion entries for 1,308 shares at $0.00.

Key details

• Transaction date(s) and price(s): Oct 15, 2026 — exercise/conversion (M) 1,308 shares @ $0.00; tax withholding (F) 648 shares @ $251.67 for $163,082; derivative disposition (M) 1,308 shares @ $0.00 ($0).
• Transaction codes: M = option exercise/conversion; F = tax withholding (shares surrendered).
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 — shares surrendered to pay tax liability due at vesting. F2 — vests 6.25% quarterly from the vesting commencement date of Jan 15, 2026.
• Filing date and timeliness: filed Oct 19, 2026; the filing does not indicate it was late.

Why it may matter

• The filing shows an exercise/conversion of derivative awards and a cashless element: 648 shares were surrendered to satisfy tax withholding rather than a separate cash payment.
• The filing does not show why the insider traded or why the company acted.