Form 4 for GEN Gen Digital
Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-15 · accession 0001209191-23-030356 · 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 | Pilette Vincent | CEO, Dir | A - Grant | $16.41 | +428.0K | 1.72M | +33% | +$7.02M |
| D | 2023-05-17 | 2023-05-15 | GEN | Pilette Vincent | CEO, Dir | D - Sale to Iss | $16.41 | -212.2K | 1.51M | -12% | -$3.48M |
| D | 2023-05-17 | 2023-05-15 | GEN | Pilette Vincent | CEO, Dir | M - OptEx | $0.00 | -428.0K | 0 | -100% | $0 |
| D | 2023-05-17 | 2023-05-15 | GEN | Pilette Vincent | CEO, Dir | A - Grant | $0.00 | +428.0K | 428.0K | New | $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 | 427,997 | $16.41 | 1,719,563 | D | — | — | |
| 2 | Common | Common Stock | 2023-05-15 | D | D | 212,202 | $16.41 | 1,507,361 | D | — | — | (F1) Shares withheld by Gen Digital Inc. to satisfy tax withholding requirements on vesting of restricted stock units (RSUs). No shares were sold. |
| 3 | Derivative | Performance-Based Restricted Stock Units | 2023-05-15 | M | D | 427,997 | $0.00 | 0 | D | — · — to — | 427,997 Common Stock | (F2) On July 10, 2020, Mr. Pilette was granted 250,166 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 427,997 PRUs. |
| 4 | Derivative | Performance-Based Restricted Stock Units | 2023-05-15 | A | A | 427,997 | $0.00 | 427,997 | D | — · — to — | 427,997 Common Stock | (F2) On July 10, 2020, Mr. Pilette was granted 250,166 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 427,997 PRUs. |