Bryan Ko - May 8, 2024 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role
CLO & Head Corp Aff
Signature
/s/ Kathryn White, as attorney-in-fact for Bryan Ko
Stock symbol
GEN
Transactions as of
May 8, 2024
Transactions value $
$1,448,267
Form type
4
Date filed
5/10/2024, 04:06 PM
Previous filing
May 3, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction GEN Common Stock Options Exercise $2.87 M +143 K +35.46% $20.02 548 K May 8, 2024 Direct
transaction GEN Common Stock Tax liability -$1.42 M -71.1 K -12.98% $20.02 477 K May 8, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GEN Performance-based Restricted Stock Units (PRUs) Award $0 +143 K $0.00 143 K May 8, 2024 Common Stock 143 K Direct F2
transaction GEN Performance-based Restricted Stock Units (PRUs) Options Exercise $0 -143 K -100% $0.00 0 May 8, 2024 Common Stock 143 K Direct F2

Explanation of Responses:

Id Content
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.