Gen Digital COO reports PRU vesting and tax withholdings
Gen Digital Inc. COO, CLO and Secretary Bryan Seuk Ko reported compensation-related equity activity in company stock.
Rhea-AI Filing Summary
Gen Digital Inc. COO, CLO and Secretary Bryan Seuk Ko reported compensation-related equity activity in company stock. On May 4, 2026, he exercised 182,909 Performance-based Restricted Stock Units (PRUs) into an equal number of common shares and received a new grant of 182,909 PRUs.
To cover income tax withholding on vested RSUs and PRUs, the issuer withheld 98,735 shares on May 4 and 34,149 shares on May 1, which footnotes state do not represent sales. After these transactions, Ko directly holds 637,392 shares of Gen Digital common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
182,909 shares exercised/converted
Exercise
5 txns
Insider
KO BRYAN SEUK
Role
COO, CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Units (PRUs) | 182,909 | $0.00 | $0.00 |
| Exercise | Performance-based Restricted Stock Units (PRUs) | 182,909 | $0.00 | $0.00 |
| Exercise | Common Stock | 182,909 | $19.63 | $3.59M |
| Exercise Price or Tax Liability | Common Stock | 98,735 | $19.63 | $1.94M |
| Exercise Price or Tax Liability | Common Stock | 34,149 | $19.37 | $661K |
Holdings After Transaction:
Performance-based Restricted Stock Units (PRUs) — 0 contracts (Direct);
Common Stock — 637,392 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld by the issuer to satisfy the reporting person's income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent a sale.
- F2. Represents shares withheld by the issuer to satisfy the reporting person's income tax withholding and remittance obligations in connection with the net settlement of the Performance-based Restricted Stock Units ("PRUs") and does not represent a sale.
- F3. The Participant received a grant of PRUs which vested based on the Issuer's achievement of two equally weighted metrices: target total shareholder return (TSR) and target bookings growth and non-GAAP operating margin performance (BGOM), over a performance period of three years. The potential payout ranged from 0% to 200% and the final determination was certified by the Issuer's Compensation and Leadership Development Committee. The initial award of 102,758 shares of PRUs was granted on May 10, 2023, the performance period ended on April 3, 2026 and the performance criteria was subsequently determined to have been met at 178% of the target, resulting in the vesting of 182,909 PRU shares.
Key Figures
PRUs exercised: 182,909 shares
New PRU grant: 182,909 units
Tax withholding shares: 132,884 shares
+3 more
6 metrics
PRUs exercised
182,909 shares
Performance-based RSUs converted to common stock on May 4, 2026
New PRU grant
182,909 units
Performance-based Restricted Stock Units awarded, underlying common shares 182,909
Tax withholding shares
132,884 shares
Shares withheld to cover income tax on vested RSUs and PRUs
Common shares after transactions
637,392 shares
Direct GEN common stock holdings following May 4, 2026 tax withholding
PRU vesting level
<percent>178%</percent> of target
Final payout level for three-year performance-based PRU award
Initial PRU award
102,758 units
Performance-based RSUs granted on May 10, 2023
Key Terms
Performance-based Restricted Stock Units (PRUs), total shareholder return (TSR), non-GAAP operating margin, net settlement, +1 more
5 terms
Performance-based Restricted Stock Units (PRUs) financial
"Represents shares withheld by the issuer to satisfy the reporting person's income tax withholding ... Performance-based Restricted Stock Units ("PRUs")"
non-GAAP operating margin financial
"target bookings growth and non-GAAP operating margin performance (BGOM), over a performance period of three years"
Non-GAAP operating margin is a way companies show how much profit they make from their main business activities, excluding certain expenses or income they consider unusual or non-recurring. It helps investors see how well the company is performing in its normal operations, without the effects of one-time costs or gains that might distort the picture.
net settlement financial
"in connection with the net settlement of the Restricted Stock Units ("RSUs")"
income tax withholding and remittance obligations financial
"shares withheld by the issuer to satisfy the reporting person's income tax withholding and remittance obligations"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did GEN executive Bryan Seuk Ko report on this Form 4?
Bryan Seuk Ko reported option-like PRU exercises, a new PRU grant, and tax withholding. He converted 182,909 performance-based restricted stock units into common shares, received a new 182,909 PRU grant, and had shares withheld by Gen Digital to satisfy tax obligations on vested awards.
What performance metrics determined the vesting of GEN performance-based RSUs (PRUs)?
The PRUs vested based on two equally weighted performance metrics. Footnotes state vesting depended on target total shareholder return (TSR) and target bookings growth and non-GAAP operating margin performance (BGOM) over a three-year period, with potential payout ranging from 0% to 200% of target.
At what level did Gen Digital (GEN) PRUs vest for Bryan Seuk Ko in this Form 4?
The PRUs ultimately vested at 178% of the original target. A footnote explains that an initial award of 102,758 PRUs granted on May 10, 2023 vested into 182,909 shares after the Compensation and Leadership Development Committee certified performance at 178% of target.
AI-generated analysis. How Rhea-AI works. Not financial advice.
