Form 4 for GEN Gen Digital
Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-15 · accession 0001209191-23-030354 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-05-17 | 2023-05-15 | GEN | KO BRYAN SEUK | CLO, Head Corp Aff | A - Grant | $16.41 | +125.9K | 525.6K | +31% | +$2.07M |
| D | 2023-05-17 | 2023-05-15 | GEN | KO BRYAN SEUK | CLO, Head Corp Aff | D - Sale to Iss | $16.41 | -59.0K | 466.6K | -11% | -$968.2K |
| D | 2023-05-17 | 2023-05-15 | GEN | KO BRYAN SEUK | CLO, Head Corp Aff | A - Grant | $0.00 | +125.9K | 125.9K | New | $0 |
| D | 2023-05-17 | 2023-05-15 | GEN | KO BRYAN SEUK | CLO, Head Corp Aff | M - OptEx | $0.00 | -125.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-05-15 | A | A | 125,881 | $16.41 | 525,610 | D | — | — | |
| 2 | Common | Common Stock | 2023-05-15 | D | D | 58,998 | $16.41 | 466,612 | D | — | — | (F1) Shares withheld by Gen Digital Inc. to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold. |
| 3 | Derivative | Performance-Based Restricted Stock Units | 2023-05-15 | A | A | 125,881 | $0.00 | 125,881 | D | — · — to — | 125,881 Common Stock | (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. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2023-05-15 | M | D | 125,881 | $0.00 | 0 | D | — · — to — | 125,881 Common Stock | (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. |