4/A: Gen Digital Director Frank Dangeard Amends Filing to Correct Stock Price in Recent Transaction

Frank Dangeard, a director at Gen Digital Inc., amended a previous SEC filing to correct the stock price of a recent transaction, initially reported as $0 but corrected to $25.90.

Summary

• Frank Dangeard, a director of Gen Digital Inc., filed an amendment to a Form 4 to correct an error in the reported price of common stock acquired on September 10, 2024.
• The original filing on September 12, 2024, inadvertently reported the price as $0.
• The corrected filing shows that Dangeard acquired 1,930 shares of common stock at a price of $25.90 per share.
• These shares were issued as part of the annual non-employee director retainer fee.
• The restricted stock units (RSUs) will vest in four equal installments: 25% on December 1, 2024, March 1, 2025, June 1, 2025, and September 1, 2025, contingent upon continued service through those dates.
• Following the reported transaction, Dangeard beneficially owns 189,591 shares of Gen Digital Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previously filed form, indicating a neutral sentiment. It doesn't suggest any significant positive or negative implications for the company.

Future Outlook

The RSUs will vest over the next year, subject to continued service.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Related Party Transactions

• The issuance of stock to Frank Dangeard as part of his annual non-employee director retainer fee constitutes a related party transaction.

Stakeholder Impact

• The correction of the stock price ensures accurate information for shareholders.

Key Dates