Form 4: Gen Digital Director's Routine Tax Withholding

Gen Digital Inc. Director Ondrej Vlcek reported the withholding of 128 common shares for tax obligations related to Restricted Stock Units.

Summary

• Ondrej Vlcek, a Director of Gen Digital Inc. (GEN), reported a transaction involving the company's common stock.
• The transaction, dated March 1, 2026, involved the disposition of 128 shares.
• These shares were withheld by Gen Digital Inc. to satisfy income tax withholding and remittance obligations in connection with the net settlement of Mr. Vlcek's Restricted Stock Units (RSUs).
• The shares were valued at $22.57 per share.
• This transaction does not represent a discretionary sale by Mr. Vlcek.
• Following this transaction, Mr. Vlcek directly beneficially owns 3,932,852 shares of common stock.
• Additionally, Mr. Vlcek indirectly beneficially owns 302,000 shares through the Vlcek Family Foundation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction for tax withholding related to RSU vesting, with no direct impact on the company's operational or financial performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that tax withholdings related to RSU vesting are a common and routine occurrence across all industries for executives and directors receiving equity compensation. This transaction is typical for a publicly traded technology company like Gen Digital Inc.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a discretionary sale by the director. The number of shares is insignificant relative to the company's total outstanding shares.

Key Dates

Keywords

Gen Digital Inc., GEN, Form 4, Insider Transaction, Director, Stock Withholding, Restricted Stock Units, RSU, Tax Obligation