Form 4: Gen Digital Director's Stock Holdings Adjusted for Tax Obligations
Insider Transaction Report
Gen Digital Inc. Director Frank E Dangeard's beneficial ownership of common stock was adjusted by 145 shares due to tax withholding related to Restricted Stock Units, not a sale.
Summary
- Frank E Dangeard, a Director of Gen Digital Inc. (GEN), had 145 shares of common stock withheld by the issuer on June 1, 2025.
- The shares were withheld at a price of $28.48 per share to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units (RSUs).
- This transaction is explicitly stated not to represent a sale of shares by the director.
- Following this reported transaction, Mr. Dangeard beneficially owns 185,154 shares of Gen Digital Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction related to tax withholding on RSU vesting, which is a common occurrence for insiders and does not indicate a change in sentiment towards the company or its prospects.
Positives
- The transaction is a routine, non-discretionary withholding of shares for tax purposes related to RSU vesting, rather than a discretionary sale by the director.
- The director continues to hold a substantial number of shares (185,154) in the company, indicating continued alignment with shareholder interests.
Future Outlook
NA
Industry Context
This Form 4 filing reports a routine insider transaction related to executive compensation. It does not provide broader industry context or trends, as its purpose is solely to disclose changes in beneficial ownership by an insider.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale indicating a change in confidence or strategy by the director.
Key Dates
| Date | Description |
|---|---|
| 06/01/2025 | Date of transaction where shares were withheld for tax obligations related to RSU settlement. |
| 06/03/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Recommendation
holdKeywords
Gen Digital Inc., GEN, Form 4, SEC filing, insider transaction, beneficial ownership, Restricted Stock Units, RSUs, tax withholding, director stock, Frank Dangeard
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