4//SEC Filing
KO BRYAN SEUK 4
Accession 0000849399-24-000028
CIK 0000849399other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 4:06 PM ET
Size
11.2 KB
Accession
0000849399-24-000028
Insider Transaction Report
Form 4
KO BRYAN SEUK
CLO & Head Corp Aff
Transactions
- Exercise/Conversion
Common Stock
2024-05-08$20.02/sh+143,478$2,872,430→ 548,062 total - Tax Payment
Common Stock
2024-05-08$20.02/sh−71,137$1,424,163→ 476,925 total - Award
Performance-based Restricted Stock Units (PRUs)
2024-05-08+143,478→ 143,478 total→ Common Stock (143,478 underlying) - Exercise/Conversion
Performance-based Restricted Stock Units (PRUs)
2024-05-08−143,478→ 0 total→ Common Stock (143,478 underlying)
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 82,100 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 143,478 PRU shares.
Documents
Issuer
Gen Digital Inc.
CIK 0000849399
Entity typeother
Related Parties
1- filerCIK 0001800741
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 4:06 PM ET
- Size
- 11.2 KB