Vincent Pilette - 15 May 2023 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role: CEO, Director
Signature: /s/ Bryan Ko, as attorney-in-fact for Vincent Pilette
Issuer symbol: GEN
Transactions as of: 15 May 2023
Net transactions value: +$3,541,196
Form type: 4
Filing time: 17 May 2023, 18:04:57 UTC
Previous filing: 12 May 2023
Next filing: 05 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GEN	Common Stock	Award	$7,023,431	+427,997	+33%	$16.41	1,719,563	15 May 2023	Direct
transaction	GEN	Common Stock	Disposed to Issuer	$3,482,235	-212,202	-12%	$16.41	1,507,361	15 May 2023	Direct	F1
holding	GEN	Common Stock						103,000	15 May 2023	VPJW Revocable Trust
holding	GEN	Common Stock						517,477	15 May 2023	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	Award	$0	+427,997		$0.000000	427,997	15 May 2023	Common Stock	427,997		Direct	F2
transaction	GEN	Performance-Based Restricted Stock Units	Options Exercise	$0	-427,997	-100%	$0.000000^*	0	15 May 2023	Common Stock	427,997		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 Gen Digital Inc. to satisfy tax withholding requirements on vesting of restricted stock units (RSUs). No shares were sold.
F2	On July 10, 2020, Mr. Pilette was granted 250,166 shares of performance-based restricted stock units (PRUs). The PRUs vest based on Gen Digital's performance in achieveing target total shares return (TSR) and target compound annual growth rate (CAGR) over a three-year fiscal period ending March 31, 2023, as determined by the Compensation and Leadership Development Committee, up to 200%. The performance criteria was determined to have been met at 171.085% of the target, resulting in the vesting of 427,997 PRUs.

Content

Shares withheld by Gen Digital Inc. to satisfy tax withholding requirements on vesting of restricted stock units (RSUs). No shares were sold.

On July 10, 2020, Mr. Pilette was granted 250,166 shares of performance-based restricted stock units (PRUs). The PRUs vest based on Gen Digital's performance in achieveing target total shares return (TSR) and target compound annual growth rate (CAGR) over a three-year fiscal period ending March 31, 2023, as determined by the Compensation and Leadership Development Committee, up to 200%. The performance criteria was determined to have been met at 171.085% of the target, resulting in the vesting of 427,997 PRUs.