Pilette Vincent 4
4 · Gen Digital Inc. · Filed May 6, 2025
Insider Transaction Report
Form 4
Pilette Vincent
DirectorCEO, Pres. & Chair
Transactions
- Exercise/Conversion
Common Stock
2025-05-02$25.93/sh+478,568$12,409,268→ 2,088,752 total - Exercise/Conversion
Performance-based Restricted Stock Units (PRUs)
2025-05-02−478,568→ 0 total→ Common Stock (478,568 underlying) - Tax Payment
Common Stock
2025-05-02$25.93/sh−244,119$6,330,006→ 1,844,633 total - Award
Performance-based Restricted Stock Units (PRUs)
2025-05-02+478,568→ 478,568 total→ Common Stock (478,568 underlying)
Holdings
- 103,000(indirect: By Trust)
Common Stock
- 517,477(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 bookings growth and non-GAAP operating margin performance (BGOM), 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 510,472 shares of PRUs was granted on July 8, 2022, the performance period ended on March 28, 2025, and the performance criteria was subsequently determined to have been met at 187.5% of the target, resulting in the vesting of 478,568 PRU shares.