Natalie Marie Derse, Chief Financial Officer of Gen Digital Inc. (NASDAQ: GEN), completed a sale of 794 shares of common stock on February 17, 2026, at $23.62 per share, generating $18,754 in proceeds.
A Form 4 filed with the Securities and Exchange Commission shows that Derse had previously acquired 794 shares on February 15, 2026, through Gen Digital’s Employee Stock Purchase Plan at a per-share price of $20.162. Following the February 17 sale, Derse now directly holds 456,678 shares of the company’s common stock.
Company results and credit actions
In related corporate developments, Gen Digital reported third-quarter results for fiscal 2026 that marginally outperformed analyst expectations. The company recorded diluted earnings per share of $0.64 versus a $0.63 consensus, and reported revenue of $1.24 billion compared with a projection of $1.2 billion.
Credit agency Fitch Ratings revised its outlook on Gen Digital to stable from negative, while maintaining the company’s Long-Term Issuer Default Rating at 'BB+'. Fitch also affirmed several specific debt instruments: the company’s first lien senior secured term loans and secured revolver at 'BBB-' with a Recovery Rating of 'RR1', and its senior unsecured notes at 'BB+' with a Recovery Rating of 'RR4'.
Additional market note
The filing and corporate updates were published alongside a separate analyst action affecting Genco Shipping & Trading Limited. Alliance Global Partners downgraded Genco from a buy rating to neutral, with analyst C. K. Poe Fratt pointing to the stock’s strong recent performance and diminished upside potential as factors in the decision. The firm also noted doubts about the success of a current buyout offer and about DSX’s efforts to replace the board.
These disclosures and analyst commentary provide investors with detail on executive transactions, recent operating results and credit agency evaluations for Gen Digital, as well as a contemporaneous rating adjustment in the shipping sector. The filings do not include additional commentary from company representatives about the insider transaction or the potential market reaction to the results and ratings actions.