Gen Digital CEO awarded 498,896 shares
Gen Digital Inc. CEO, President and Chair Vincent Pilette reported an equity compensation award and updated holdings.
Rhea-AI Filing Summary
Gen Digital Inc. CEO, President and Chair Vincent Pilette reported an equity compensation award and updated holdings. He received a grant of 498,896 shares of Common Stock at $0.0000 per share as a grant or award acquisition, increasing his direct ownership to 1,718,199 shares. A footnote states these RSUs will vest 33%, 33% and 34% on May 1, 2027, May 1, 2028 and May 1, 2029, subject to continued service. Indirect holdings are shown as 629,560 shares held by the VPJW Exempt Trust and 1,203,296 shares held by the VPJW Revocable Trust.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 498,896 shares
Grant/Award
3 txns
Insider
Pilette Vincent
Role
CEO, Pres. & Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 498,896 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,718,199 shares (Direct);
Common Stock — 1,203,296 shares (Indirect, VPJW Revocable Trust);
Common Stock — 629,560 shares (Indirect, VPJW Exempt Trust)
Footnotes (1)
- F1. The RSUs will vest in increments of 33%, 33%, and 34% over the course of three years on May 1, 2027, May 1, 2028, and May 1, 2029, subject to service through the respective vesting date.
Key Figures
Equity grant size: 498,896 shares
Grant price: $0.0000 per share
Direct holdings after grant: 1,718,199 shares
+5 more
8 metrics
Equity grant size
498,896 shares
Grant or award acquisition of common stock
Grant price
$0.0000 per share
Price per share for awarded common stock
Direct holdings after grant
1,718,199 shares
Common stock directly owned after transaction
VPJW Exempt Trust holdings
629,560 shares
Indirect common stock ownership
VPJW Revocable Trust holdings
1,203,296 shares
Indirect common stock ownership
First vesting tranche
33%
RSUs vest on May 1, 2027
Second vesting tranche
33%
RSUs vest on May 1, 2028
Final vesting tranche
34%
RSUs vest on May 1, 2029
Key Terms
RSUs, Grant, award, or other acquisition, Revocable Trust, Exempt Trust, +1 more
5 terms
RSUs financial
"The RSUs will vest in increments of 33%, 33%, and 34% over the course of three years"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Revocable Trust financial
"nature_of_ownership": "VPJW Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Exempt Trust financial
"nature_of_ownership": "VPJW Exempt Trust""
indirect ownership financial
""ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gen Digital (GEN) CEO Vincent Pilette report in this Form 4?
Vincent Pilette reported receiving an equity grant of 498,896 shares of Gen Digital common stock at no cost. The filing also updates his direct and indirect ownership totals across personal holdings and related trusts as of the reported date.
What is the vesting schedule for Vincent Pilette’s new Gen Digital (GEN) RSUs?
The RSUs vest in three installments: 33% on May 1, 2027, 33% on May 1, 2028, and 34% on May 1, 2029. Vesting is subject to his continued service through each respective vesting date.
What indirect Gen Digital (GEN) holdings are reported for Vincent Pilette?
Indirectly, 629,560 shares are held by the VPJW Exempt Trust and 1,203,296 shares by the VPJW Revocable Trust. These entries represent indirect ownership positions, separate from Pilette’s directly held Gen Digital common stock.
Does this Gen Digital (GEN) Form 4 show any stock sales by Vincent Pilette?
The summary data show one acquisition transaction and no sales. The reported activity is a grant or award of 498,896 shares, with no open-market sale or disposition transactions listed in the provided information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
