Form 4: Gen Digital Inc. Director Frank Dangeard Reports Tax Withholding
SEC Form 4 Filing
Director Frank Dangeard of Gen Digital Inc. reports the withholding of shares to cover income tax obligations related to the settlement of Restricted Stock Units.
Summary
- On March 1, 2025, Frank Dangeard, a director of Gen Digital Inc., had 145 shares of common stock withheld by the issuer to cover income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- The transaction occurred at a price of $27.34 per share.
- Following the transaction, Dangeard directly owns 185,299 shares of Gen Digital Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax withholding process.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Shares withheld for tax obligations related to RSU settlement. |
| 03/04/2025 | Date of signature for the report. |
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