Ondrej Vlcek - 10 Nov 2022 Form 4 Insider Report for Gen Digital Inc. (GEN)

Role
President
Signature
/s/ Douglas Sugimoto, as attorney-in-fact for Ondrej Vlcek
Issuer symbol
GEN
Transactions as of
10 Nov 2022
Net transactions value
+$3,163,855
Form type
4
Filing time
14 Nov 2022, 17:00:51 UTC
Previous filing
12 Oct 2022
Next filing
12 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEN Common Stock Award $3,163,855 +139,808 +3.9% $22.63 3,723,051 10 Nov 2022 Direct F1
holding GEN Common Stock 302,000 10 Nov 2022 Vlcek Family Foundation
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares that are issuable pursuant to restricted stock units under the Avast Limited Long Term Incentive Plan, as amended. On September 15, 2022, Mr. Vlcek purchased 456,475 shares of Gen Digital Inc. (f/k/a NortonLifeLock Inc.) (the "Company") common stock on the public market with a fair market value of approximately $10,000,000 (the "Stock Purchase"). On November 1, 2022, in consideration of the Stock Purchase, the Compensation and Leadership Development Committee of the Company's Board of Directors approved the grant of this RSU award with an aggregate grant date value equal to 30% of the Stock Purchase, or approximately $3,000,000. 100% of the RSUs vest on November 1, 2025, subject to Mr. Vlcek's continued employment with the Company as of such date, and his agreement not to sell any shares of the Company directly or indirectly owned or acquired by him at any time prior to such date