Vincent Pilette - 02 May 2025 Form 4 Insider Report for Gen Digital Inc. (GEN)

Signature
/s/ Kathryn White, as attorney-in-fact for Vincent Pilette
Issuer symbol
GEN
Transactions as of
02 May 2025
Net transactions value
+$6,079,263
Form type
4
Filing time
06 May 2025, 17:16:10 UTC
Previous filing
02 May 2025
Next filing
19 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pilette Vincent CEO & President, Director 60 E. RIO SALADO PARKWAY, SUITE 1000, TEMPE /s/ Kathryn White, as attorney-in-fact for Vincent Pilette 06 May 2025 0001509285

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEN Common Stock Options Exercise $12,409,268 +478,568 +30% $25.93 2,088,752 02 May 2025 Direct
transaction GEN Common Stock Tax liability $6,330,006 -244,119 -12% $25.93 1,844,633 02 May 2025 Direct F1
holding GEN Common Stock 103,000 02 May 2025 VPJW Revocable Trust
holding GEN Common Stock 517,477 02 May 2025 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 +478,568 $0.000000 478,568 02 May 2025 Common Stock 478,568 Direct F2
transaction GEN Performance-based Restricted Stock Units (PRUs) Options Exercise $0 -478,568 -100% $0.000000 0 02 May 2025 Common Stock 478,568 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 bookings growth and non-GAAP operating margin performance (BGOM), 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 510,472 shares of PRUs was granted on July 8, 2022, the performance period ended on March 28, 2025, and the performance criteria was subsequently determined to have been met at 187.5% of the target, resulting in the vesting of 478,568 PRU shares.