Peter A. Feld - 10 Sep 2024 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role
Director
Signature
/s/ Peter A. Feld
Issuer symbol
GEN
Transactions as of
10 Sep 2024
Net transactions value
+$49,987
Form type
4
Filing time
12 Sep 2024, 18:46:25 UTC
Previous filing
16 May 2024
Next filing
15 Aug 2025

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 +10,038 +11% $0.000000 98,410 10 Sep 2024 Direct F1
transaction GEN Common Stock, $0.01 Par Value Award $49,987 +1,930 +2% $25.90 100,340 10 Sep 2024 Direct F2
holding GEN Common Stock, $0.01 Par Value 9,644,194 10 Sep 2024 By Starboard Value and Opportunity Master Fund Ltd F3
holding GEN Common Stock, $0.01 Par Value 2,024,896 10 Sep 2024 By Starboard X Master Fund Ltd F4
holding GEN Common Stock, $0.01 Par Value 1,444,314 10 Sep 2024 By Starboard Value and Opportunity S LLC F5
holding GEN Common Stock, $0.01 Par Value 827,888 10 Sep 2024 By Starboard Value and Opportunity C LP F6
holding GEN Common Stock, $0.01 Par Value 798,270 10 Sep 2024 By Starboard Value and Opportunity Master Fund L LP F7
holding GEN Common Stock, $0.01 Par Value 2,777,042 10 Sep 2024 By Managed Account of Starboard Value LP F8
* 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. The RSUs will vest 100% on the earlier of September 10, 2025, or the next annual meeting, and subject to service through the respective vesting date.
F2 Annual non-employee director retainer fee issued in stock. The RSUs will vest 25% on December 1, 2024, March 1, 2025, June 1, 2025, and September 1, 2025, subject to service through the respective vesting dates.
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 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.
F8 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.