Vincent Pilette - 08 May 2024 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role: CEO, Director
Signature: /s/ Kathryn White, as attorney-in-fact for Vincent Pilette
Issuer symbol: GEN
Transactions as of: 08 May 2024
Net transactions value: +$4,706,942
Form type: 4
Filing time: 10 May 2024, 16:05:52 UTC
Previous filing: 03 May 2024
Next filing: 14 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEN	Common Stock	Options Exercise	$9,335,506	+466,309	+34%	$20.02	1,854,644	08 May 2024	Direct
transaction	GEN	Common Stock	Tax liability	$4,628,564	-231,197	-12%	$20.02	1,623,447	08 May 2024	Direct	F1
holding	GEN	Common Stock						103,000	08 May 2024	VPJW Revocable Trust
holding	GEN	Common Stock						517,477	08 May 2024	VPJW Exempt Gift Trust

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	+466,309		$0.000000	466,309	08 May 2024	Common Stock	466,309		Direct	F2
transaction	GEN	Performance-based Restricted Stock Units (PRUs)	Options Exercise	$0	-466,309	-100%	$0.000000^*	0	08 May 2024	Common Stock	466,309		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 266,828 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 466,309 PRU shares.

Content

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.

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 266,828 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 466,309 PRU shares.