Form 4: Gen Digital Inc. Director Pavel Baudis Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Director Pavel Baudis of Gen Digital Inc. reports withholding of 4,002 shares to cover income tax obligations related to RSU settlement.
Summary
- On September 12, 2024, Pavel Baudis, a director of Gen Digital Inc., had 4,002 shares of common stock withheld by the issuer to satisfy income tax obligations related to the net settlement of Restricted Stock Units (RSUs).
- The shares were withheld at a price of $26.25 per share.
- Following the transaction, Baudis directly owns 27,755 shares and indirectly owns 49,816,185 shares through PaBa Software s.r.o.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation and tax obligations. There are no indications of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of share withholding for tax obligations. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.