Form 4: Gen Digital Inc. Executive Bryan Ko Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units

Bryan Ko, CLO & Head of Corporate Affairs at Gen Digital Inc., reports the acquisition and disposal of common stock related to the vesting of performance-based restricted stock units (PRUs).

Summary

• On May 2, 2025, Bryan Ko, CLO & Head of Corporate Affairs at Gen Digital Inc., reported transactions involving Gen Digital Inc. common stock.
• These transactions are related to the vesting of performance-based restricted stock units (PRUs).
• Ko acquired 127,841 shares of common stock upon the vesting of PRUs at a price of $25.93 per share.
• Simultaneously, 67,309 shares were withheld by the issuer to cover income tax obligations related to the PRU settlement.
• Following these transactions, Ko directly owns 538,840 shares of Gen Digital Inc. common stock.
• The PRUs vested based on Gen Digital Inc.'s achievement of target total shareholder return (TSR) and target bookings growth and non-GAAP operating margin performance (BGOM) over a three-year performance period.
• The performance criteria were met at 187.5% of the target, resulting in the vesting of 127,841 PRU shares.

Sentiment

Score: 7

Explanation: The document indicates positive performance as the PRUs vested at 187.5% of the target. This suggests the company is meeting or exceeding its performance goals, which is generally viewed favorably.

Positives

• The vesting of PRUs indicates that Gen Digital Inc. achieved significant performance targets related to shareholder return and operational metrics.
• The company's performance criteria were met at 187.5% of the target, resulting in the vesting of 127,841 PRU shares.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. The vesting of PRUs is tied to the company's performance, reflecting a common practice to align executive incentives with shareholder value.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among publicly traded companies to align executive incentives with shareholder value.
• Companies like Microsoft, Apple, and Alphabet also utilize performance-based equity awards tied to metrics such as revenue growth, operating income, and total shareholder return.
• The specific metrics used by Gen Digital Inc. (TSR and BGOM) are typical indicators of financial health and shareholder value creation.
• The vesting percentage of 187.5% suggests strong performance relative to the set targets, which is a positive signal compared to industry peers with similar compensation structures.

Stakeholder Impact

• Shareholders may view the vesting of PRUs positively, as it indicates the company is achieving its performance targets.
• Employees may be motivated by the company's performance and the potential for future equity-based compensation.

Key Dates

Keywords

Gen Digital Inc., Bryan Ko, Performance-based Restricted Stock Units, PRUs, Vesting, Stock Transaction, Beneficial Ownership, Form 4, TSR, BGOM