Bryan Seuk Ko - 02 May 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
Issuer symbol: GEN
Transactions as of: 02 May 2022
Net transactions value: +$2,004,083
Form type: 4
Filing time: 04 May 2022, 20:30:34 UTC
Previous filing: 03 May 2022
Next filing: 12 May 2022
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	$3,811,851	+150,132	+63%	$25.39	388,783	02 May 2022	Direct
transaction	GEN	Common Stock	Tax liability	$1,807,768	-71,200	-18%	$25.39	317,583	02 May 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	-150,132	-100%	$0.000000^*	0	02 May 2022	Common Stock	150,132		Direct	F2
transaction	GEN	Performance-Based Restricted Stock Units	Award	$0	+150,132		$0.000000	150,132	02 May 2022	Common Stock	150,132		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.

Content

Shares withheld by NortonLifeLock to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.

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.