Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
In connection with the previously announced retirement by John Murphy as
Executive Vice President and Chief Financial Officer of Adobe Inc. (the
"Company"), on October 19, 2021 the Executive Compensation Committee of the
Board of Directors of the Company approved a grant to Mr. Murphy of a one-time
cash bonus of $664,950. This bonus is in recognition of Mr. Murphy's many
contributions to the Company and the fact that he has served in his position for
nearly our entire fiscal year, yet due to the timing of his retirement, he will
not be eligible for payment of any bonus under this year's Executive Annual
Incentive Plan.
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