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Gen Digital Inc. — Director's Dealing 2023
May 17, 2023
30336_dirs_2023-05-17_62fd00ba-3069-4db0-8b31-47f5b949a4e4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Gen Digital Inc. (GEN)
CIK: 0000849399
Period of Report: 2023-05-15
Reporting Person: DERSE NATALIE MARIE (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | M | 177778 | $16.41 | Acquired | 493131 | Direct |
| 2023-05-15 | Common Stock | F | 84928 | $16.41 | Disposed | 408203 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Performance-Based Restricted Stock Units | $ | A | 177778 | Acquired | Common Stock (177778) | Direct | |
| 2023-05-15 | Performance-Based Restricted Stock Units | $ | M | 177778 | Disposed | Common Stock (177778) | Direct |
Footnotes
F1: Shares withheld by Gen Digital Inc. to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold.
F2: On August 10, 2020, Ms. Derse was granted 103,912 shares of performance-based restricted stock units (PRUs). The PRUs vest based on Gen Digital's performance in achieveing target total shares return (TSR) and target compound annual growth rate (CAGR) over a three-year fiscal period ending March 31, 2023, as determined by the Compensation and Leadership Development Committee, up to 200%. The performance criteria was determined to have been met at 171.085% of the target, resulting in the vesting of 177,778 PRUs.