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 4,002 common stock shares to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs) on September 12, 2024.
Summary
- On September 12, 2024, Frank Dangeard, a director of Gen Digital Inc., had 4,002 shares of common stock withheld by the issuer to satisfy income tax obligations.
- This withholding was related to the net settlement of Restricted Stock Units (RSUs).
- The price per share for the withholding was $26.25.
- Following the transaction, Dangeard beneficially owns 185,589 shares of Gen Digital Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral event from an investment perspective.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for handling tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Transaction date: 4,002 shares of common stock withheld for tax obligations related to RSU settlement. |
| 09/13/2024 | Date of signature for the report. |
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