Adobe appoints Dan Durn as EVP and CFO, effective Oct 18, 2021; John Murphy retires

ADOBE INC.

Dan Durn appointed CFO; base salary $850,000, target bonus 100% of base, sign-on bonus $6.2M in two installments.
Durn receives 46,039 RSUs vesting quarterly over three years under 2019 Equity Incentive Plan.
Durn joins from Applied Materials (CFO since 2017); previously NXP, Freescale, GlobalFoundries, and Goldman Sachs.
John Murphy, who announced retirement earlier this year, will step down from CFO role.

item 5.02 item 9.01

Executive movements

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Departed

John Murphy

Chief Financial Officer

ADBE · ADOBE INC.

Effective: 2021-10-18
Successor: Dan Durn
Filed: October 1, 2021, 7:59 PM ET

Mr. Durn will succeed John Murphy, who announced his plans earlier this year to retire.

Appointed

Dan Durn

Executive Vice President and Chief Financial Officer

ADBE · ADOBE INC.

Effective: 2021-10-18
Successor: John Murphy
Filed: October 1, 2021, 7:59 PM ET

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”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John Murphy retired as Chief Financial Officer at ADOBE INC..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

Mr. Durn will succeed John Murphy, who announced his plans earlier this year to retire.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Dan Durn was appointed as Executive Vice President and Chief Financial Officer at ADOBE INC..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

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”).

View on SEC.gov

ADOBE INC. filing history →

Source: SEC EDGAR

accession 0000796343-21-000213

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