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Gen Digital Inc. — Director's Dealing 2024
May 10, 2024
30336_dirs_2024-05-10_c3e6c9f1-c98c-47f0-ad5b-42b7e2454c41.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: 2024-05-08
Reporting Person: DERSE NATALIE MARIE (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-08 | Common Stock | M | 143478 | $20.02 | Acquired | 479508 | Direct |
| 2024-05-08 | Common Stock | F | 71137 | $20.02 | Disposed | 408371 | 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.