Form 4: Gen Digital Inc. Director Frank Dangeard Reports Share Transaction

Director Frank Dangeard of Gen Digital Inc. had shares withheld to cover income tax obligations related to the settlement of Restricted Stock Units.

Summary

• Frank Dangeard, a director at Gen Digital Inc., had 145 shares of common stock withheld by the company on December 1, 2024.
• These shares were withheld to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
• The transaction price was $30.85 per share.
• Following this transaction, Mr. Dangeard directly owns 185,444 shares of Gen Digital Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction related to executive compensation and is common for companies that issue stock-based compensation.

Comparison to Industry Standards

• Stock withholding for tax obligations is a standard practice across publicly traded companies.
• The transaction is consistent with typical executive compensation practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.

Key Dates

Keywords

Gen Digital Inc., Frank Dangeard, Director, Share Transaction, Restricted Stock Units, RSUs, Income Tax, Beneficial Ownership