GEN Form 4: Baudis Awarded RSUs, Tax Withholding of 3,012 Shares at $29.47
Rhea-AI Filing Summary
Pavel Baudis, a director of Gen Digital Inc. (GEN), reported equity transactions on Form 4 dated 09/10/2025 covering activity on 09/09/2025. He received an annual non-employee director award of 8,822 restricted stock units (RSUs) that vest 100% on the earlier of September 9, 2026 or the next annual meeting, subject to continued service. The filing shows 3,012 shares were withheld by the issuer to satisfy tax withholding related to net settlement of RSUs at an average price of $29.47 per share. Following the transactions, Mr. Baudis directly beneficially owns 33,565 shares and indirectly owns 49,816,185 shares through PaBa Software s.r.o.
Positive
- Annual director equity award granted (8,822 RSUs) which aligns director incentives with shareholder interests
- Clear vesting schedule: 100% vesting on earlier of 09/09/2026 or next annual meeting, subject to service
Negative
- Shares withheld for tax withholding (3,012 shares) reduced direct beneficial ownership, although this is a routine administrative action
Insights
TL;DR: Director received standard annual RSU award; modest share withholding for taxes reduced direct holdings marginally.
The Form 4 documents routine director compensation: 8,822 RSUs awarded and 3,012 shares withheld to satisfy tax obligations at $29.47 per share. This is a non-cash, service-based grant that vests over roughly one year, consistent with typical director equity programs. The direct ownership after the transactions is 33,565 shares while substantial indirect ownership (49,816,185 shares) is held through PaBa Software s.r.o., indicating a material indirect stake but the filing does not explain control or percentage ownership of outstanding shares. Overall, the transactions are standard compensation mechanics rather than open-market buying or selling.
TL;DR: Transaction reflects routine governance practice of awarding and net-settling RSUs for non-employee directors.
The disclosure states the RSUs vest 100% on the earlier of a one-year date or the next annual meeting, which aligns incentives with continued service through the next corporate governance milestone. The net settlement withholding of 3,012 shares is explicitly noted as tax withholding and not a sale. The signature via attorney-in-fact is properly executed. No departures, new committee assignments, or policy changes are disclosed. From a governance perspective, this is routine and administratively standard.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,822 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,012 | $29.47 | $89K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Annual non-employee director equity award. The RSUs will vest 100% on the earlier of September 9, 2026, or the next annual meeting, and subject to service through the respective vesting date. 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.
