Bryan Ko - May 2, 2022 Form 4 Insider Report for NortonLifeLock Inc. (GEN)

Role
CLO & Head Corp Aff
Signature
/s/ Whitney Clark, as attorney-in-fact for Bryan Ko
Stock symbol
GEN
Transactions as of
May 2, 2022
Transactions value $
$2,004,083
Form type
4
Date filed
5/4/2022, 08:30 PM
Previous filing
May 3, 2022
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEN Common Stock Options Exercise $3.81M +150K +62.91% $25.39 389K May 2, 2022 Direct
transaction GEN Common Stock Tax liability -$1.81M -71.2K -18.31% $25.39 318K May 2, 2022 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 Options Exercise $0 -150K -100% $0.00* 0 May 2, 2022 Common Stock 150K Direct F2
transaction GEN Performance-Based Restricted Stock Units Award $0 +150K $0.00 150K May 2, 2022 Common Stock 150K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by NortonLifeLock to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
F2 On January 10, 2020, Mr. Ko was granted 77,764 shares of performance-based restricted stock units (PRUs). The PRUs vest based on NortonLifeLock's performance in achieving target total shareholder return (TSR) and peer rank over the three-year fiscal period beginning on March 30, 2019 and ending April 1, 2022 as determined by the Compensation and Leadership Development Committee up to 200%. The performance criteria was determined to have been met at 193.06% of the target, resulting in vesting of 150,132 PRUs.