Gen Digital (GEN) CEO adds ESPP common shares via plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gen Digital Inc. CEO, President and Chair Vincent Pilette reported acquiring 795 shares of common stock through the company’s 2008 Employee Stock Purchase Plan for the purchase period from August 16, 2025 through February 15, 2026. The ESPP purchase price was based on 85% of the closing price on February 15, 2026, resulting in a price of $20.162 per share.
After this ESPP acquisition, Pilette directly holds 2,184,124 common shares. He also has indirect ownership through two trusts, with 103,000 shares held by the VPJW Revocable Trust and 517,477 shares held by the VPJW Exempt Gift Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Pilette Vincent
Role
CEO, Pres. & Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 795 | $20.162 | $16K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,184,124 shares (Direct);
Common Stock — 103,000 shares (Indirect, VPJW Revocable Trust)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to Gen Digital Inc. 2008 Employee Stock Purchase Plan ("ESPP"), for the ESPP Purchase Period (as defined in the ESPP) of August 16, 2025 through February 15, 2026. This transaction is also exempt under Rule 16b-3(c). The Purchase Period ended February 15, 2026 and is the Purchase Period comprising the Offering Period (as defined in the ESPP) that began August 16, 2025. In accordance with the ESPP, these shares were purchased based on 85% of the closing price on Feb 15, 2026.
FAQ
What insider transaction did Gen Digital (GEN) disclose for Vincent Pilette?
Gen Digital CEO Vincent Pilette acquired 795 common shares through the company’s Employee Stock Purchase Plan. The shares relate to a purchase period from August 16, 2025 to February 15, 2026, and were bought at 85% of the February 15, 2026 closing market price.
What indirect Gen Digital (GEN) holdings are associated with Vincent Pilette?
Indirect holdings include 103,000 Gen Digital common shares held by the VPJW Revocable Trust and 517,477 shares held by the VPJW Exempt Gift Trust. These positions are reported as indirect ownership, separate from Pilette’s direct 2,184,124-share stake following the ESPP purchase.
Was the Gen Digital (GEN) CEO’s ESPP acquisition exempt under insider trading rules?
Yes. The ESPP share acquisition was described as exempt under Rule 16b-3(c). This rule generally provides an exemption for certain employee benefit plan transactions, and the report notes the CEO is voluntarily disclosing this ESPP purchase for the completed purchase period.