Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c)
On September 29, 2021, Dan Durn was appointed to the position of Executive Vice
President and Chief Financial Officer of Adobe Inc. ("Adobe" or the "Company"),
to be effective on or about October 18, 2021 (the "Effective Date"). Mr. Durn
will succeed John Murphy, who announced his plans earlier this year to retire.
Mr. Durn, age 54, has been Senior Vice President and Chief Financial Officer of
Applied Materials, Inc., a provider of manufacturing equipment, services and
software to the semiconductor and related industries, since August 2017.
Previously, Mr. Durn was Executive Vice President and Chief Financial Officer of
NXP Semiconductors N.V. ("NXP"), a semiconductor manufacturer, from December
2015 to August 2017. Mr. Durn served as Senior Vice President of Finance and
Chief Financial Officer of Freescale Semiconductor, Inc. ("Freescale"), a
semiconductor manufacturer, from June 2014 until its merger with NXP in December
2015. Prior to joining Freescale, Mr. Durn was Chief Financial Officer and
Executive Vice President of Finance and Administration at GlobalFoundries, a
semiconductor foundry, which he joined in December 2011. There has been no
arrangement or understanding between Mr. Durn and any other person pursuant to
which Mr. Durn was selected to his position at Adobe. Additionally, Mr. Durn is
not a party to any transactions that would require disclosure under Item 404(a)
of Regulation S-K.

In his role, Mr. Durn will receive a base salary of $850,000 per year and will
be eligible to receive a target bonus under the Company's Executive Annual
Incentive Plan equal to 100% of his annual base salary, which target bonus will
be prorated for 2021. Mr. Durn is also eligible to receive a sign-on bonus of
$6,200,000 payable in two equal installments, with one half payable in
connection with his commencement of employment and the other half payable on the
first anniversary of the Effective Date, subject to Mr. Durn's continued
employment with Adobe on each payment date. Each installment is subject to
reimbursement if Mr. Durn's employment terminates within twelve months of a
payment, with the amount reimbursable reduced by 1/12 for each full month of
employment from the Effective Date with respect to the first installment and
reduced by 1/12 for each full month of employment following the first
anniversary of the Effective Date for the second installment. Mr. Durn will also
receive a grant of 46,039 restricted stock units ("RSUs") on the Effective Date,
which will vest quarterly over three years, subject to Mr. Durn's continued
employment. The RSUs will be issued under the Company's 2019 Equity Incentive
Plan, as amended (the "Plan"), and will be subject to the terms and conditions
of the Plan. Mr. Durn will be eligible to participate in standard Company
benefit programs available to similarly situated officers, including: health,
vision, dental and disability coverage; executive health benefits; participation
in the Company's 401(k), non-qualified deferred compensation plan and 2020
Employee Stock Purchase Plan, as amended; and participation in Adobe's
charitable contribution matching program.

A copy of our press release announcing the appointment of Mr. Durn as the Company's Executive Vice President and Chief Financial Officer is attached as Exhibit 99.1 and incorporated herein by reference.




Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
                                                                                    Incorporated by Reference
   Exhibit                                                                                                         Exhibit                                   Filed
   Number                       Exhibit Description                     Form              Filing Date              Number            SEC File No.           Herewith

         99.1         Press release issued on October 1, 2021                                                                                                  X
                    entitled "Adobe Appoints Dan Durn Chief
                    Financial Officer"

          104       Cover Page Interactive Data File (the
                    instance document does not appear in the
                    Interactive Data File because its XBRL tags
                    are embedded within the Inline XBRL
                    document)



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