Gen Digital director buys 3,000 GEN shares
Gen Digital Inc. director Chrystal John C bought 3,000 shares of common stock in an open-market transaction at $27.057 per share.
Rhea-AI Filing Summary
Gen Digital Inc. director Chrystal John C bought 3,000 shares of common stock in an open-market transaction at $27.057 per share. After this purchase, his direct holdings increased to 31,419 common shares. He also directly holds GEN Contingent Value Rights tied to 51,140 underlying common shares.
Under the Contingent Value Rights Agreement dated April 17, 2025, each GENVR share can provide a conditional $23.00 payment in Gen Digital common stock if the shares trade at an average volume-weighted price of at least $37,50 for more than 30 consecutive trading days within the specified period or if the company undergoes a change of control before April 17, 2027.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,000 | $27.057 | $81K |
| holding | GEN Contingent Value Rights | -- | -- | -- |
Footnotes (1)
- F1. 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
Key Terms
GEN Contingent Value Rights financial
Contingent Value Rights Agreement financial
volume-weighted price financial
change of control financial
conditional payment financial
FAQ
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What insider transaction did Gen Digital (GEN) report for Chrystal John C?
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What price condition must Gen Digital (GEN) meet for CVRs to pay $23?
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