Gen Digital insider filing: 8,822 RSUs granted; indirect holdings rise to 91,063
Rhea-AI Filing Summary
Gen Digital Inc. director Sue Barsamian reported multiple non-derivative equity transactions on 09/09/2025. She was granted an annual non-employee director equity award of 8,822 RSUs that vest 100% on the earlier of September 9, 2026 or the next annual meeting, subject to continued service. On the same date there were two stock-transfer entries of 10,038 shares each: one recorded as a disposition of 10,038 shares and one recorded as an acquisition of 10,038 shares attributed to a family trust over which she has voting power (Romans-Barsamian Revocable Trust). Following the transactions she directly beneficially owned 8,822 shares and indirectly beneficially owned 91,063 shares.
Positive
- Received annual non-employee director equity award of 8,822 RSUs with clear vesting terms
- Disclosed transfer to family trust (Romans-Barsamian Revocable Trust) with voting power, increasing indirect holdings to 91,063 shares
- No cash proceeds reported for the transactions (price recorded as $0), consistent with grant and intra-family transfer
Negative
- Direct beneficial ownership decreased to 8,822 shares after the reported disposition
- Vesting dependency: the 8,822 RSUs are subject to service-based vesting through September 9, 2026 or the next annual meeting
Insights
TL;DR: Routine director equity award and intra-family stock transfer; no cash transactions reported.
The Form 4 shows a standard annual RSU grant for a non-employee director (8,822 RSUs) with a one-year or meeting-based vesting condition, indicating routine compensation rather than ad hoc restructuring. The simultaneous Form 4 entries coded as dispositions and acquisitions of 10,038 shares reflect a transfer to a family trust where the reporting person retains voting power; this changes the form of beneficial ownership from direct to indirect but does not indicate a sale to third parties or cash proceeds. For governance oversight, the notable elements are the retention of voting power and the timing that consolidates indirect holdings at 91,063 shares.
TL;DR: Transactions appear compliant and appropriately disclosed; vesting and trust transfer clearly annotated.
The filing includes required explanation lines: the RSU award with explicit vesting schedule and the trust transfer with stated voting power. Transaction codes (A and G) are used consistently and prices recorded as $0, consistent with grant and non-sale transfer. The signature by attorney-in-fact is present and dated 09/10/2025. From a compliance perspective, disclosures meet Section 16 reporting expectations and show no indication of impermissible sales or omitted derivatives.