Form 4: Gen Digital CEO Vincent Pilette Reports Tax Withholding Transaction

Gen Digital CEO Vincent Pilette reports the withholding of shares to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs).

Summary

• On May 1, 2025, Vincent Pilette, CEO & President of Gen Digital Inc., reported a transaction involving common stock.
• The transaction involved the withholding of 110,463 shares by the issuer to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
• The price per share for the transaction was $25.6.
• Following the transaction, Pilette directly owns 1,610,184 shares of common stock.
• Pilette also indirectly owns 103,000 shares through the VPJW Revocable Trust and 517,477 shares through the VPJW Exempt Gift Trust.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is related to tax obligations and does not represent a sale of shares by the CEO.

Key Dates

Keywords

Form 4, Gen Digital Inc., Vincent Pilette, CEO, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding