Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Gen Digital Inc. Director's Dealing 2024

May 10, 2024

30336_dirs_2024-05-10_9cc7f626-f7d7-4e23-b226-cf09995ad666.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gen Digital Inc. (GEN)
CIK: 0000849399
Period of Report: 2024-05-08

Reporting Person: KO BRYAN SEUK (CLO & Head Corp Aff)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-05-08 Common Stock M 143478 $20.02 Acquired 548062 Direct
2024-05-08 Common Stock F 71137 $20.02 Disposed 476925 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-05-08 Performance-based Restricted Stock Units (PRUs) $ A 143478 Acquired Common Stock (143478) Direct
2024-05-08 Performance-based Restricted Stock Units (PRUs) $ M 143478 Disposed Common Stock (143478) Direct

Footnotes

F1: Represents shares withheld by the issuer to satisfy the reporting person's income tax withholding and remittance obligations in connection with the net settlement of the Performance-based Restricted Stock Units ("PRUs") and does not represent a sale.

F2: The Participant received a grant of PRUs which vested based on the Issuer's achievement of two equally weighted metrices: target total shareholder return (TSR) and target compound annual growth rate (CAGR), over a performance period of three years. The potential payout ranged from 0% to 200% and the final determination was certified by the Issuer's Compensation and Leadership Development Committee. The initial award of 82,100 shares of PRUs was granted on May 10, 2021, the performance period ended on March 29, 2024, and the performance criteria was subsequently determined to have been met at 174.76% of the target, resulting in the vesting of 143,478 PRU shares.