Form 4: Gen Digital Inc. Director Sue Barsamian Transfers Shares to Family Trust
SEC Form 4 Filing
Director Sue Barsamian transferred 13,340 shares of Gen Digital Inc. common stock to a family trust on September 12, 2024, while remaining a beneficial owner.
Summary
- On September 12, 2024, Sue Barsamian, a director of Gen Digital Inc., transferred 13,340 shares of common stock to the Romans-Barsamian Revocable Trust.
- The transaction was a gift.
- Following the transaction, Ms. Barsamian directly owns 10,038 shares and indirectly owns 81,025 shares through the trust.
- Ms. Barsamian retains voting and dispositive power over the shares held in the trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a share transfer. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider transactions and doesn't necessarily reflect a strategic shift or material event for Gen Digital Inc.
Stakeholder Impact
- The transfer of shares to a family trust by a director has minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the share transfer to the family trust |
| 09/13/2024 | Date of signature for the Form 4 filing |
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