Summary by Moomoo AI
On October 24, 2024, Gloria Chen, EVP and Chief People Officer at Adobe Inc. (ADBE), completed a series of transactions involving the company's common stock. Chen acquired a total of 826 shares at no cost, which is typically indicative of the exercise or conversion of derivative securities. On the same day, she disposed of 409 shares at a price of $482.87 each, resulting in a total market value of $197,493.83. This disposal was part of the payment for exercise price or tax liability, which often involves delivering or withholding securities. Following these transactions, Chen's direct holdings in Adobe common stock amounted to 32,564.4224 shares. Additionally, it was reported that Chen has an indirect beneficial ownership of 667 shares held by a trust.
