Natalie Marie Derse - 15 May 2023 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role: CFO
Signature: /s/ Bryan Ko, as attorney-in-fact for Natalie Derse
Issuer symbol: GEN
Transactions as of: 15 May 2023
Net transactions value: +$1,523,668
Form type: 4
Filing time: 17 May 2023, 18:06:25 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	Options Exercise	$2,917,337	+177,778	+56%	$16.41	493,131	15 May 2023	Direct
transaction	GEN	Common Stock	Tax liability	$1,393,668	-84,928	-17%	$16.41	408,203	15 May 2023	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	Award	$0	+177,778		$0.000000	177,778	15 May 2023	Common Stock	177,778		Direct	F2
transaction	GEN	Performance-Based Restricted Stock Units	Options Exercise	$0	-177,778	-100%	$0.000000^*	0	15 May 2023	Common Stock	177,778		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. No shares were sold.
F2	On August 10, 2020, Ms. Derse was granted 103,912 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 177,778 PRUs.

Content

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

On August 10, 2020, Ms. Derse was granted 103,912 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 177,778 PRUs.