Pilette Vincent 4
4 · Gen Digital Inc. · Filed May 10, 2024
Insider Transaction Report
Form 4
Pilette Vincent
DirectorCEO, Pres. & Chair
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Units (PRUs)
2024-05-08−466,309→ 0 total→ Common Stock (466,309 underlying) - Exercise/Conversion
Common Stock
2024-05-08$20.02/sh+466,309$9,335,506→ 1,854,644 total - Tax Payment
Common Stock
2024-05-08$20.02/sh−231,197$4,628,564→ 1,623,447 total - Award
Performance-based Restricted Stock Units (PRUs)
2024-05-08+466,309→ 466,309 total→ Common Stock (466,309 underlying)
Holdings
- 517,477(indirect: By Trust)
Common Stock
- 103,000(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents shares withheld by the issuer to satisfy the reporting person's income tax withholding and remittance obligations in connection with the net settlement of the Performance-based Restricted Stock Units ("PRUs") and does not represent a sale.
- [F2]The Participant received a grant of PRUs which vested based on the Issuer's achievement of two equally weighted metrices: target total shareholder return (TSR) and target compound annual growth rate (CAGR), over a performance period of three years. The potential payout ranged from 0% to 200% and the final determination was certified by the Issuer's Compensation and Leadership Development Committee. The initial award of 266,828 shares of PRUs was granted on May 10, 2021, the performance period ended on March 29, 2024, and the performance criteria was subsequently determined to have been met at 174.76% of the target, resulting in the vesting of 466,309 PRU shares.