Form 4: Gen Digital CFO Natalie Derse Reports Stock Transaction
SEC Form 4 Filing
Natalie Derse, CFO of Gen Digital Inc., reports the withholding of shares to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs).
Summary
- On May 1, 2024, Natalie Derse, the CFO of Gen Digital Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 24,710 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 $19.95.
- Following the transaction, Derse directly owns 336,030 shares of Gen Digital Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations on vested equity.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of the stock transaction (share withholding for tax obligations). |
| 05/03/2024 | Date of signature for the Form 4 filing. |
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