Gen Digital director granted 9,072 RSUs
A Gen Digital director received a new RSU equity award and reports sizable Contingent Value Rights tied to future GEN share performance.
Rhea-AI Filing Summary
Gen Digital Inc. (symbol: GEN) is the issuer of record for a Form 4 filing submitted to the SEC. Chrystal John C reported acquisition or exercise transactions in this Form 4 filing.
Gen Digital Inc. (GEN) director Chrystal John C reported receiving an annual non‑employee director equity award of 9,072 Restricted Stock Units (RSUs) on September 9, 2026, at no cash price. These RSUs vest 100% on the earlier of September 9, 2027, or the next annual meeting, subject to continued service, bringing direct common stock holdings to 40,491 shares. The filing also reports direct holdings of GEN Contingent Value Rights linked to 51,140 underlying GEN common shares, which provide a potential $23.00 per GENVR share payment in GEN stock if specified trading-price or change‑of‑control conditions are met before April 17, 2027. No Rule 10b5‑1 trading plan is reported.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 9,072 shares
Grant/Award
2 txns
Insider
Chrystal John C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 9,072 | $0.00 | $0.00 |
| holding | GEN Contingent Value Rights F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,491 shares (Direct);
GEN Contingent Value Rights — 51,140 contracts (Direct)
Footnotes (2)
- F1. Annual non-employee director equity award. The RSUs will vest 100% on the earlier of September 9, 2027, or the next annual meeting, and subject to service through the respective vesting date.
- F2. Pursuant to the Contingent Value Rights Agreement dated April 17, 2025, (the CVR Agreement"), each GENVR share entitles the holder a conditional payment of $23.00 in Gen Digital Inc.'s common stock (GEN), par value $0.01 per share, if, on any date prior to April 17, 2027, (i) each GEN share trades at an average volume-weighted price of at least $37,50 per share for more than 30 consecutive trading days within the period from December 10, 2024 to April 17, 2027 or (ii) Gen undergoes a change of control.
Key Figures
RSUs granted: 9,072 units
Price per RSU: $0.00 per unit
Common shares held after award: 40,491 shares
+4 more
7 metrics
RSUs granted
9,072 units
Annual non-employee director equity award granted September 9, 2026
Price per RSU
$0.00 per unit
Grant price for 9,072 RSUs awarded to director
Common shares held after award
40,491 shares
Direct GEN common stock holdings following the RSU grant
Underlying shares for Contingent Value Rights
51,140 shares
GEN common stock underlying GEN Contingent Value Rights held directly
Conditional payment per GENVR share
$23.00
Potential payment in GEN common stock under CVR Agreement
CVR expiration date
April 17, 2027
Expiration of GEN Contingent Value Rights and related conditions
RSU vesting date reference
September 9, 2027
Latest date when RSUs vest, or earlier at next annual meeting
Key Terms
Restricted Stock Units, Contingent Value Rights, volume-weighted price, change of control
4 terms
Restricted Stock Units financial
"Annual non-employee director equity award. The RSUs will vest 100% on the earlier"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Contingent Value Rights financial
"Pursuant to the Contingent Value Rights Agreement dated April 17, 2025"
Contingent value rights are special financial instruments that give their holder the potential to receive additional payments if certain future events or conditions happen, such as the achievement of specific business milestones. They are like a promise of extra rewards that depend on how well a project or company performs later on. Investors care about them because they offer a chance for extra gains but also carry uncertainty, as the extra payments are not guaranteed.
volume-weighted price financial
"each GEN share trades at an average volume-weighted price of at least"
change of control financial
"or (ii) Gen undergoes a change of control."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Gen Digital (GEN) director Chrystal John C receive?
Chrystal John C received an annual non-employee director equity award of 9,072 RSUs on September 9, 2026, at $0.00 per share. The RSUs vest 100% on the earlier of September 9, 2027, or the next annual meeting, subject to continued service.
When do the new Gen Digital (GEN) RSUs for the director vest?
The 9,072 RSUs granted to the Gen Digital director will vest 100% on the earlier of September 9, 2027, or the next annual meeting of shareholders, provided the director remains in service through the applicable vesting date.
What GEN Contingent Value Rights position does the Gen Digital (GEN) director report?
The director reports direct holdings of GEN Contingent Value Rights linked to 51,140 underlying GEN common shares, with these rights expiring on April 17, 2027, as disclosed in the derivative holdings section.
Is the Gen Digital (GEN) director’s reported transaction under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to a plan, and there is no Rule 10b5-1 trading plan reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
