Peter A. Feld - Sep 12, 2023 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role: Director
Signature: /s/ Peter A. Feld
Stock symbol: GEN
Transactions as of: Sep 12, 2023
Transactions value $: $49,992
Form type: 4
Date filed: 9/14/2023, 06:01 PM
Previous filing: Sep 6, 2023
Next filing: May 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEN	Common Stock, $0.01 Par Value	Award	$0	+13.3K	+18.41%	$0.00	85.8K	Sep 12, 2023	Direct	F1
transaction	GEN	Common Stock, $0.01 Par Value	Award	$50K	+2.57K	+2.99%	$19.49	88.4K	Sep 12, 2023	Direct	F2
holding	GEN	Common Stock, $0.01 Par Value						9.64M	Sep 12, 2023	By Starboard Value and Opportunity Master Fund Ltd	F3
holding	GEN	Common Stock, $0.01 Par Value						2.02M	Sep 12, 2023	By Starboard X Master Fund Ltd	F4
holding	GEN	Common Stock, $0.01 Par Value						1.44M	Sep 12, 2023	By Starboard Value and Opportunity S LLC	F5
holding	GEN	Common Stock, $0.01 Par Value						828K	Sep 12, 2023	By Starboard Value and Opportunity C LP	F6
holding	GEN	Common Stock, $0.01 Par Value						125K	Sep 12, 2023	By Starboard Leaders Tango LLC	F7
holding	GEN	Common Stock, $0.01 Par Value						967K	Sep 12, 2023	By Starboard Leaders Select VI LP	F8
holding	GEN	Common Stock, $0.01 Par Value						798K	Sep 12, 2023	By Starboard Value and Opportunity Master Fund L LP	F9
holding	GEN	Common Stock, $0.01 Par Value						2.78M	Sep 12, 2023	By Managed Account of Starboard Value LP	F10

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

Explanation of Responses:

Id	Content
F1	Annual non-employee director equity award. This restricted stock unit will fully vest on the earlier of September 12, 2024, or the next annual meeting.
F2	Annual non-employee director retainer fee issued in stock. This restricted stock unit will vest 25% on each of December 1, 2023; March 1, 2024; June 1, 2024; and September 1, 2024.
F3	Securities owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard V&O Fund for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F4	Securities beneficially owned by Starboard X Master Fund Ltd ("Starboard X Master"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard X Master, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard X Master for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F5	Securities owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F6	Securities owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F7	Securities owned directly by Starboard Leaders Tango LLC ("Starboard Tango LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Tango LLC, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Tango LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F8	Securities owned directly by Starboard Leaders Select VI LP ("Starboard Select VI LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Select VI LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Select VI LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F9	Securities owned directly by Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard L Master, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard L Master for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F10	Securities held in a certain managed account by Starboard Value LP (the "Starboard Value LP Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities held in the Starboard Value LP Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.