Gen Digital (GEN) Protective Put Calculator
Calculator · free · no signup · GENPrice a protective put, zero-cost collar, or put spread on Gen Digital. Annual cost, max loss, upside cap, tax treatment, auto-filled from current GEN option chain.
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About Gen Digital
Gen Digital (GEN) is a public Cybersecurity company, incorporated in Delaware and headquartered in Tempe, AZ.
Last close: $21.99 per share (as of 2026-10-03).
Equity grants at Gen Digital typically include restricted stock units (RSUs).
Gen Digital Inc. is a multinational software company co-headquartered in Tempe, Arizona, United States, and Prague, Czech Republic. The company provides cybersecurity software, financial technology, and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. It is listed on the NASDAQ and Prague Stock Exchange. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, MoneyLion and CCleaner.
Source: Wikipedia (CC BY-SA 4.0)
The company is what remained after Symantec sold its enterprise security division to Broadcom in 2019, keeping the consumer brands and later merging with Avast in 2022 to form Gen Digital. Norton, Avast, LifeLock, and Avira are sold as subscriptions directly to consumers, so the economics turn on renewal rates and the cost of acquiring a subscriber rather than on enterprise sales cycles. Identity protection and credit monitoring carry higher prices than antivirus alone, which is why the mix has shifted that way. Direct billing relationships make price increases straightforward to implement. Headquarters are in Tempe, Arizona.
Sources: sec.gov · en.wikipedia.org
Equity comp at Gen Digital
- Gen Digital's change-in-control acceleration is double-trigger, but it is documented specifically for Section 16(b) officers (the executive team) under the company's Executive Retention Plan, not as a broad-based employee policy. It requires both a change in control and a qualifying termination (without cause, or constructive termination by the acquirer) within 12 months after that event. When triggered, stock options, RSUs, and PRUs (at target, or actual achievement if measurable) become fully vested and, where applicable, exercisable. Rank-and-file employee awards are not shown to carry this specific provision in public filings; RSUs also vest over three years rather than the more common four-year schedule.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
- Vesting schedule: RSUs typically vest over three years in annual installments, shorter than the four-year schedule common at many tech companies. Performance-based RSUs (PRUs) vest based on achievement over a three-year performance period..
Sources: sec.gov · sec.gov · sec.gov
Researched 2026-08-23.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Gen Digital.
A protective put caps your downside on the GEN position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current GEN option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share GEN position at $21.99 is worth $109,950. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $2,199 to $4,398) before any premium offset from a short call. The calculator prices both structures off GEN's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Gen Digital tools → · Use the generic Protect Your Stock Calculator for any company.
Gen Digital equity questions
- How much does it cost to hedge GEN stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and GEN's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current GEN option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Gen Digital grant ISOs, NSOs, or RSUs?
- Equity compensation at Gen Digital typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Gen Digital RSUs use double-trigger vesting?
- Yes. Gen Digital restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
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