Form 4: Gen Digital Inc. Director Sue Barsamian Reports Acquisition of Shares and RSU Award

Director Sue Barsamian reported acquiring 10,038 shares of Gen Digital Inc. common stock and receiving an annual non-employee director equity award of Restricted Stock Units (RSUs).

Summary

• On September 10, 2024, Sue Barsamian, a director of Gen Digital Inc., acquired 10,038 shares of common stock.
• These shares were acquired at a price of $0.
• Barsamian also received an annual non-employee director equity award in the form of Restricted Stock Units (RSUs).
• The RSUs will vest 100% on the earlier of September 10, 2025, or the next annual meeting, subject to continued service.
• Following the reported transactions, Barsamian directly owns 23,378 shares of common stock and indirectly owns 67,685 shares through the Romans-Barsamian Revocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation and stock ownership. There are no explicit positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The RSUs will vest on the earlier of September 10, 2025, or the next annual meeting, contingent upon continued service.

Industry Context

This filing is a routine disclosure of a director's stock ownership changes, which is common in publicly traded companies. It reflects compensation practices for board members.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates