Form 4: Gen Digital CEO Vincent Pilette Sells Shares
SEC Form 4 Filing
Gen Digital CEO Vincent Pilette sold 178,801 shares of common stock on August 19, 2024, at a weighted average price of $25.536.
Summary
- On August 19, 2024, Vincent Pilette, the CEO and President of Gen Digital Inc., sold 178,801 shares of the company's common stock.
- The sale was executed at a weighted average price of $25.536 per share.
- Following the transaction, Pilette directly owns 1,719,658 shares of Gen Digital Inc.
- 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: The document itself is neutral as it simply reports a transaction. The sentiment is neutral as it is a standard regulatory filing.
Risks
- Executive stock sales can sometimes be perceived negatively by investors, potentially leading to short-term stock price volatility.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies. They can be for various reasons, including diversification, tax planning, or personal financial needs. The impact on the stock price can vary depending on the size of the sale and the market's perception of the company's prospects.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially impacting the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock sale transaction. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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