Form 4: Gen Digital Inc. Director Ondrej Vlcek Reports Changes in Beneficial Ownership

Director Ondrej Vlcek reports a transaction involving Gen Digital Inc. stock, including shares withheld for tax obligations and a reduction in unvested RSUs due to his departure as Company President.

Summary

• On May 1, 2025, Ondrej Vlcek, a director of Gen Digital Inc., had shares withheld by the issuer to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs).
• A total of 13,564 shares were withheld at a price of $25.6 per share.
• Following the transaction, Vlcek directly owns 4,055,698 shares of common stock.
• Additionally, Vlcek indirectly owns 302,000 shares through the Vlcek Family Foundation.
• 90,799 unvested RSUs were canceled on June 13, 2024, in connection with his departure from his role as Company President; he remains a director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. The departure from the President role is noted, but the individual remains a director. Overall, the sentiment is neutral.

Negatives

• Ondrej Vlcek's departure from his role as Company President resulted in the cancellation of 90,799 unvested RSUs.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It is common for executives and directors to have stock-based compensation, and Form 4 filings are a standard part of regulatory compliance.

Management Changes

Stakeholder Impact

• Shareholders may be interested in the stock transactions of company insiders.
• Employees may be affected by the change in leadership.

Key Dates

Keywords

Gen Digital Inc., Ondrej Vlcek, beneficial ownership, Form 4, director, RSUs, stock, shares, transaction