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Gen Digital Inc. — Director's Dealing 2023
May 17, 2023
30336_dirs_2023-05-17_60b1bc1d-3e13-4c51-8c18-5f0c31f83cbf.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: KO BRYAN SEUK (CLO & Head Corp Aff)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | A | 125881 | $16.41 | Acquired | 525610 | Direct |
| 2023-05-15 | Common Stock | D | 58998 | $16.41 | Disposed | 466612 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Performance-Based Restricted Stock Units | $ | A | 125881 | Acquired | Common Stock (125881) | Direct | |
| 2023-05-15 | Performance-Based Restricted Stock Units | $ | M | 125881 | Disposed | Common Stock (125881) | 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 July 10, 2020, Mr. Ko was granted 73,578 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 125,881 PRUs.