Form 4: Gen Digital CFO Natalie Derse Sells Shares
SEC Form 4 Filing
Natalie Derse, CFO of Gen Digital Inc., sold 169,535 shares of common stock at an average price of $24.31 on May 14, 2024.
Summary
- On May 14, 2024, Natalie Derse, the CFO of Gen Digital Inc., sold 169,535 shares of the company's common stock.
- The sale was executed at a weighted average price of $24.31 per share.
- The prices for individual transactions ranged from $24.18 to $24.50.
- Following the transaction, Derse directly owns 333,668 shares of Gen Digital Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CFO. It doesn't inherently convey positive or negative sentiment, but insider sales can sometimes be interpreted negatively by the market.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sale by a key executive could influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of the stock sale transaction. |
| 05/16/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.