Table of Contents

 

 

 

**UNITED STATES****SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

----

 

**Form 10-K/A**

**(Amendment No. 1)**

 

**(Mark One)**

 

| x      | **ANNUAL REPORT PURSUANT TO   SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**                                                                                           |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ** **                                                                                                                                                                                     |
|   | **For   the Fiscal Year Ended March 29, 2019**                                                                                                                                            |
|   | ** **                                                                                                                                                                                     |
|   | **OR**                                                                                                                                                                                         |
|   | ** **                                                                                                                                                                                     |
| o      | **TRANSITION REPORT PURSUANT   TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**                                                                                       |
|   | ** **                                                                                                                                                                                     |
|   | **For   the Transition Period from                to               .** |

** **

**Commission File Number 000-17781**

 

----

 

**SYMANTEC CORPORATION**

(Exact name of the registrant as specified in its charter)

 

| **Delaware**                                                       |   | **77-0181864**                           |
|--------------------------------------------------------------------|--------|------------------------------------------|
| (State   or other jurisdiction of   incorporation or organization) |   | (I.R.S.   Employer   Identification No.) |
|                                                               |   |                                     |
| **350 Ellis Street,**                                              |   |                                     |
| **Mountain View, California**                                      |   | **94043**                                |
| (Address   of principal executive offices)                         |   | (zip   code)                             |

 

Registrant’s telephone number, including area code:**(650) 527-8000**

 

----

 

Securities registered pursuant to Section 12(b) of the Act:

 

| **Title of each class**      | ** ** | **Trading Symbol(s)** | ** ** | **Name of each exchange on   which registered** |
|---------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------------------------|
| **Common Stock, par value $0.01 per share** |       | **SYMC**                   |       | **The Nasdaq Stock Market LLC**                                          |

 

Securities registered pursuant to Section 12(g) of the Act:

** **

**None**

(Title of class)

 

----

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  x     No  o

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act.    Yes  o     No  x

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x     No  o

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x     No  o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 
| Large accelerated filer | x      | Accelerated filer                   | o |
|-----------------------------------|--------|-------------------------------------|---|
| Non-accelerated filer             | o      | Smaller reporting company | o |
|                              |   | Emerging growth   company           | o |

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  o     No  x

 

Aggregate market value of the voting stock held by non-affiliates of the registrant, based upon the closing sale price of Symantec common stock on September 28, 2018 as reported on the Nasdaq Global Select Market: $7,810,381,908. Solely for purposes of this disclosure, shares of common stock held by each executive officer, director, and holder of 5% or more of the outstanding common stock have been excluded as of such date because such persons may be deemed to be affiliates. This determination of possible affiliate status is not a conclusive determination for any other purposes.

 

Number of shares outstanding of the registrant’s common stock as of July 5, 2019: 617,528,130

 

----

 

**DOCUMENTS INCORPORATED BY REFERENCE**

 

None.

 

 

 

----

Table of Contents

 

**SYMANTEC CORPORATION**

 

**FORM 10-K****For the Fiscal Year Ended March 29, 2019**

 

**TABLE OF CONTENTS**

 

**PART III**

 
| Item 10.   Directors, Executive Officers and Corporate Governance                                           | 3  |
|------------------------------------------------------------------------------------------------------------------|----|
| Item 11.   Executive Compensation                                                                           | 18 |
| Item 12.   Security Ownership of Certain Beneficial Owners and Management and Related   Stockholder Matters | 53 |
| Item 13.   Certain Relationships and Related Transactions, and Director Independence                        | 56 |
| Item 14.   Principal Accountant Fees and Services                                                           | 58 |
| Signatures                                                                                                       | 59 |

 

“Symantec,” “we,” “us,” “our,” and “the Company” refer to Symantec Corporation and all of its subsidiaries.

 

2

----

Table of Contents

 

**EXPLANATORY NOTE**

 

This Amendment No. 1 on Form 10-K/A supplements our Annual Report on Form 10-K for the year ended March 29, 2019, which we filed with the Securities and Exchange Commission (“SEC”) on May 24, 2019 (the “Original Filing”). We are filing this amendment to provide the information required by Items 10, 11, 12, 13 and 14 of Part III of Form 10-K.

 

In addition, we have filed the following exhibits herewith:

 

·                  31.03 Rule 13a-14(a)/15d-15(a) certification of the Chief Executive Officer; and

·                  31.04 Rule 13a-14(a)/15d-15(a) certification of the Chief Financial Officer.

 

Except as described above, no other amendments are being made to our annual report on Form 10-K filed on May 24, 2019.

 

**PART III**

 

**Item 10.* Directors, Executive Officers and Corporate Governance***

 

**Criteria for Nomination to the Board**

 

The goal of the Nominating and Governance Committee of the Board of Directors (the “Board”) of the Company is to assemble a Board that offers a diverse portfolio of perspectives, backgrounds, experiences, knowledge and skills derived from high-quality business and professional experience. The Nominating and Governance Committee annually reviews the appropriate skills and characteristics required of directors in the context of the current composition of the Board, our operating requirements and the long-term interests of our stockholders.

 

The key attributes, experience and skills we consider important for our directors in light of our current business and structure are:

 

·             *Industry and Technology Expertise.*  As a security and technology company, understanding new technologies and emerging industry trends or having experience in security and related technologies is useful in understanding our business and the market segments in which we compete, our research and development efforts, competing technologies, the various products and processes that we develop and evolving customer requirements.

 

·             *Global Expertise.*  We are a global organization with employees, offices, customers and partners in many countries. Directors with global operating expertise and an understanding of global economic and regulatory frameworks, can provide a useful business and cultural perspective regarding many significant aspects of our business.

 

·             *Leadership Experience.*  Directors who have served in a senior leadership position, as a general manager of a business, or as the functional leader of a global sales, marketing or product development organization, are important to us, because they bring experience and perspective in analyzing, shaping and overseeing the execution of important strategic, operational and policy issues at a senior level.

 

·             *Public Company Board Experience.*  Directors who have served on other public company boards can offer advice and insights with regard to the dynamics and operation of a board of directors, the relations of a board to the company’s chief executive officer and other senior management personnel, the importance of public-company corporate governance, including oversight matters, strategic decisions and operational and compliance-related matters.

 

·             *Business Combinations and Partnerships Experience.*  Directors who have a background in mergers and acquisitions and strategic partnership transactions can provide insight into developing and implementing strategies for growing our business through combining and/or partnering with other organizations and helping to evaluate operational integration plans.

 

·             *Financial Expertise.*  Knowledge of financial markets, financing operations, complex financial management and accounting and financial reporting processes is important because it assists our directors in understanding, advising, and overseeing Symantec’s capital structure, financing and investing activities, financial reporting and internal control of such activities.

 

·             *Diversity.*  In addition to a diverse portfolio of professional background, experiences, knowledge and skills, the composition of the Board should reflect the benefits of diversity as to gender, race, ethnic, cultural and geographic backgrounds that reflect the composition of our global investors, customers, employees and partners.

 

3

----

Table of Contents

 

In addition to the brief biographical descriptions set forth under “Our Board of Directors” below, we include under “Director Qualifications” the key individual attributes, experience and skills of each of our directors that led to the conclusion that each director should serve as a member of the Board at this time.

 

**Our Board of Directors**

 

Our Board currently consists of twelve directors, including eleven independent directors and our interim President and Chief Executive Officer. Each director is elected to serve a one-year term, with all directors subject to annual election. These directors are identified below, along with their ages at June 14, 2019 and other information.

 
| **Name**             | ** ** | **Age** | ** ** | **Principal Occupation**                                       | ** ** | **Director Since** |
|----------------------|------------|---------|------------|---------------------------------------------------------------------|------------|-------------------------|
| Sue Barsamian        |       | 60      |       | Director                                                            |       | 2019                    |
| Frank E. Dangeard    |       | 61      |       | Managing Partner, Harcourt                                          |       | 2007                    |
| Peter A. Feld        |       | 40      |       | Managing Member and Head of Research,   Starboard Value LP          |       | 2018                    |
| Dale L. Fuller       |       | 60      |       | Operating Partner, The Riverside Company                            |       | 2018                    |
| Kenneth Y. Hao       |       | 50      |       | Managing Partner and Managing Director,   Silver Lake Partners      |       | 2016                    |
| Richard S. Hill      |       | 67      |       | Interim President and CEO                                           |       | 2019                    |
| David W. Humphrey    |       | 42      |       | Managing Director, Bain Capital                                     |       | 2016                    |
| David L. Mahoney     |       | 65      |       | Director                                                            |       | 2003                    |
| Anita M. Sands       |       | 43      |       | Director                                                            |       | 2013                    |
| Daniel H. Schulman   |       | 61      |       | President and Chief Executive Officer,   PayPal Holdings, Inc. |       | 2000                    |
| V. Paul Unruh        |       | 70      |       | Director                                                            |       | 2005                    |
| Suzanne M. Vautrinot |       | 59      |       | Director                                                            |       | 2013                    |

 

|  

 

**Sue Barsamian**

* *

*Director*

 

***Age:****60*

 

***Director   Since:****2019*

 

***Committee   Memberships:***

 

·*            **Compensation*

 

***Other   Current Public Boards:***

 

·*            **Box, Inc.* |   | *Ms. Barsamian* has served as a   member of our Board since January 2019.    Ms. Barsamian previously served as Executive Vice President,   Chief Sales and Marketing Officer of Micro Focus International plc, an   infrastructure software company, from September 2017 through   April 2018 and as Executive Vice President, Chief Sales and Marketing   Officer of HPE Software at Hewlett Packard Enterprise from November 2016   until it was acquired by Micro Focus in September 2017. From 2006 to   November 2016, Ms. Barsamian served in various executive roles at   Hewlett-Packard, including Senior Vice President and General Manager of   Enterprise Security Products and Senior Vice President of Worldwide Indirect   Sales. Prior to joining Hewlett-Packard, Ms. Barsamian was Vice   President, Global Go-to-Market at Mercury Interactive Corporation and   held leadership positions at Critical Path, Inc. and Verity, Inc.   Ms. Barsamian serves on the board of directors of Box, Inc. Ms. Barsamian   served on the Board of the National Action Council for Minorities in   Engineering (NACME), and she served as Chairman of the Board of NACME from   2016 to 2017. She received a Bachelor of Science degree in electrical   engineering from Kansas State University and completed her post-graduate   studies at the Swiss Federal Institute of Technology.

 

***Director   Qualifications:***

 

·      *Industry   and Technology Experience* — Executive Vice President,   Chief Sales and Marketing Officer of Micro Focus International plc and   Executive Vice President, Chief Sales and Marketing Officer, HPE Software.

 

·      *Global   Experience* —   Executive Vice President, Chief Sales and Marketing Officer of Micro Focus   International plc.

 

·      *Leadership   Experience* —   Executive Vice President, Chief Sales and Marketing Officer of Micro Focus   International plc and Executive Vice President, Chief Sales and Marketing   Officer, HPE Software.

 

·      *Public   Company Board Experience* — member of the board of   directors of Box, Inc.

  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

4

----

Table of Contents

 

|  

 

**Frank E. Dangeard**

 

*Managing Partner,   Harcourt*

 

***Age:****61*

 

***Director   Since:****2007*

 

***Committee   Memberships:***

 

·        *Audit*

* *

·        *Compensation*

 

·        *Nominating &   Governance*

 

***Other   Current Public Boards:***

 

·        *RBS Group* |   | *Mr. Dangeard* has served as a   member of our Board since 2007. He has been the Managing Partner of Harcourt,   an advisory firm, since 2008. Mr. Dangeard was Chairman and Chief   Executive Officer of Thomson, a provider of digital video technologies,   solutions and services, from 2004 to 2008. From 2002 to 2004, he was Deputy   Chief Executive Officer of France Telecom, a global telecommunications   operator. From 1997 to 2002, Mr. Dangeard was Senior Executive Vice   President of Thomson and served as its Vice Chairman in 2000. Prior to   joining Thomson, he was Managing Director of SG Warburg & Co. Ltd.   from 1989 to 1997 in London, Paris and Madrid and Chairman of SG Warburg   France from 1995 to 1997. Prior to that, Mr. Dangeard was a lawyer with   Sullivan & Cromwell, in New York and London. He serves on the board   of directors of Arqiva PLC (“Arqiva”), The Royal Bank of Scotland Group plc   (“RBS Group”) and as chairman of the board of directors of Nat West Markets   plc, the investment bank of the RBS Group (“NatWest Markets”), and on a number   of advisory boards. Mr. Dangeard has previously served as a director of   a variety of companies, including Crédit Agricole CIB, Eutelsat, Home Credit,   SonaeCom, Thomson, Electricité de France and Telenor. He graduated from the   École des Hautes Études Commerciales, the Paris Institut d’Études Politiques   and holds an LLM degree from Harvard Law School.

 

***Director   Qualifications:***

 

·       *Industry and   Technology Experience* — former Chairman and Chief   Executive Officer of Thomson; former Deputy Chief Executive Officer of France   Telecom; former Deputy Chairman of Telenor; and former member of the boards   of directors of Eutelsat, SonaeCom and RPX Corporation.

 

·       *Global Experience* — member of the   board of directors of RBS Group (UK) and Arqiva (UK) and chairman of NatWest   Markets (UK); former Chairman and Chief Executive Officer of Thomson   (France); former Deputy Chief Executive Officer of France Telecom (France);   former Deputy Chairman of Telenor (Norway); and former member of the boards   of directors of Crédit Agricole CIB (France), Eutelsat (France), Home Credit   (Czech Republic), Electricité de France (France) and SonaeCom (Portugal).

 

·       *Leadership   Experience*   — managing partner of Harcourt; former Chairman and Chief Executive Officer   of Thomson; former Deputy Chief Executive Officer of France Telecom; former   Deputy Chairman of Telenor and former Chairman of SG Warburg France and   Managing Director of SG Warburg & Co. Ltd; and chairman of the board   of directors of NatWest Markets.

 

·       *Public Company   Board Experience* — member of the board of directors of RBS Group;   former Deputy Chairman of Telenor; and former member of the boards of   directors of Eutelsat, Electricité de France, Thomson, and SonaeCom.

 

·       *Business   Combinations and Partnerships Experience* — former Chairman and Chief   Executive Officer of Thomson; former Deputy Chief Executive Officer of France   Telecom; former Deputy Chairman of Telenor; former Chairman of SG Warburg   France; and former lawyer at Sullivan & Cromwell LLP.

 

·       *Financial   Experience*   — former Chairman and Chief Executive Officer of Thomson; former Deputy Chief   Executive Officer of France Telecom; former Chairman of the Audit Committee   of Electricité de France and former Deputy Chairman of Telenor; member of the   board of RBS Group; and Chairman of NatWest Markets.

  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

5

----

Table of Contents

 

| ** **

** **

**Peter A. Feld**

 

*Managing Member and   Head of Research, Starboard Value LP*

 

***Age:****40*

 

***Director   Since:****2018*

 

***Committee   Memberships:***

 

·        *Compensation (Chair)*

 

·        *Nominating &   Governance*

 

***Other   Current Public Boards:***

 

·        *Magellan Health, Inc.* |   | * *

*Mr. Feld* has served as a   member of our Board since September 2018. Mr. Feld has served as a   Managing Member and Head of Research of Starboard Value LP since 2011.   Mr. Feld has served on the board of directors of Magellan   Health, Inc. since April 2019.    Mr. Feld previously served on the boards of directors of several   companies, including Marvell Technology Group Ltd. from May 2016 to   June 2018, The Brink’s Company from January 2016 to November 2017,   Insperity, Inc. from March 2015 to June 2017, Darden Restaurants, Inc.   from October 2014 to September 2015, Xperi Corporation from 2013 to   April 2014, Integrated Device Technology, Inc. from 2012 to   February 2014 and Unwired Planet, Inc. (n/k/a Great Elm Capital   Group, Inc.) from 2011 to March 2014 and as Chairman from 2011 to   2013. Mr. Feld received a Bachelor of Arts degree in economics from   Tufts University.

 

***Director   Qualifications:***

 

·        *Industry   and Technology Experience* — current or former member of the   boards of directors of many public and private technology companies.

 

·        *Global   Expertise*   — Managing Member and the Head of Research of Starboard Value LP; former   member of the boards of directors of Marvell Technology Group, Insperity, Inc.,   and Darden Restaurants, Inc.

 

·        *Leadership   Experience*   — Managing Member and the Head of Research of Starboard Value LP.

 

·        *Public   Company Board Experience* — member of the board of directors of   Magellan Health Inc.; and former member of the boards of directors of Marvell   Technology Group, Insperity, Inc., and Darden   Restaurants, Inc.

 

·        *Business   Combinations and Partnerships Experience* — Managing Member and the Head of   Research of Starboard Value LP.

 

·        *Financial   Experience*   — over 10 years of capital markets and corporate governance experience.

  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

6

----

Table of Contents

 

| ** **

** **

**Dale L. Fuller**

 

*Operating Partner,   The Riverside Company*

 

***Age:****60*

 

***Director   Since:****2018*

 

***Committee   Memberships:***

 

·        *Audit*

 

·        *Nominating &   Governance*

 

***Other   Current Public Boards:***

 

·        *comScore, Inc.* |   | * *

*Mr. Fuller* has served as a member of our Board   since September 2018. Mr. Fuller has served as an Operating Partner   at the Riverside Company, a private equity firm, since 2013 and on the board   of directors of comScore, Inc., a media measurement and analytics   company, since March 2018, and as Chairman of the board of directors of   MobiSocial, Inc., a technology startup, since 2013. Mr. Fuller   previously served on the boards of directors of several technology companies,   including Quantum Corporation from September 2014 to March 2017 and   AVG Technologies N.V. from 2008 to October 2016, and as Chairman from   2009 to October 2016. Mr. Fuller holds an honorary doctorate degree   from St. Petersburg State University and a Bachelor of Science degree from   Pacific College.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — current or former member of the   boards of directors of many public and private technology companies.

 

·      *Global   Experience*   — former member of the boards of directors of Quantum Corporation, AVG   Technologies, N.V., Zoran Corporation and Phoenix Technologies, Ltd.

 

·      *Leadership   Experience*   — Operating Partner at the Riverside Company; prior President and Chief   Executive Officer of MokaFive; and current or former member of the boards of   directors of numerous major technology companies.

 

·      *Public   Company Board Experience* — member of the board of directors of   comScore; and former board member of Quantum Corporation and AVG Technologies.

 

·      *Business   Combinations and Partnerships Experience* — former member of the boards of   directors of Quantum Corporation, AVG Technologies, N.V., Zoran Corporation   and Phoenix Technologies, Ltd.

 

·      *Financial   Experience*   — over 10 years of capital markets and corporate governance experience.

  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

7

----

Table of Contents

 

| ** **

** **

**Kenneth Y. Hao**

 

*Managing Partner   and Managing Director, Silver Lake Partners*

 

***Age:****50*

 

***Director   Since:****2016*

 

***Committee   Memberships:***

 

·        *None*

 

***Other   Current Public Boards:***

 

·        *Smart Global Holdings, Inc.*

 

·        *SolarWinds Corporation* |   | * *

*Mr. Hao* has served as a member of our Board   since 2016. Mr. Hao joined Silver Lake Partners in 2000 and currently   serves Silver Lake as a Managing Partner and Managing Director. Mr. Hao   also serves on the boards of directors of SMART Global Holdings, Inc.   and SolarWinds Corporation, as well as on the boards of directors of a number   of private companies in Silver Lake’s portfolio. Prior to joining Silver   Lake, he was an investment banker with Hambrecht & Quist, where he   served as a Managing Director in the Technology Investment Banking group. He   also serves on the Executive Council for UCSF Health. Mr. Hao graduated   from Harvard University with a Bachelor’s degree in economics.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — over 25 years of technology   investment experience; member of the boards of directors of many public and   private technology companies.

 

·      *Global   Experience*   — extensive experience investing in large global businesses and established   Silver Lake’s Asia business.

 

·      *Leadership   Experience*   — Managing Partner and Managing Director of Silver Lake and member of the   boards of directors of numerous major technology companies.

 

·      *Public   Company Board Experience* — member of the boards of directors   of SMART Global Holdings, Inc.; and SolarWinds Corporation former board   member of Broadcom Limited and Netscout Systems, Inc.

 

·      *Business   Combinations and Partnerships Experience* — Managing Partner and Managing   Director of Silver Lake Partners and former investment banker with   Hambrecht & Quist.

 

·      *Financial   Experience*   — over 25 years of investment experience in complex transactions.

  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

8

----

Table of Contents

 

|  

 

**Richard S. Hill**

 

*Interim President   and Chief Executive Officer*

 

***Age:*** 67

 

***Director   Since:****2019*

 

***Committee   Memberships:***

 

·        *None*

 

***Other   Current Public Boards:***

 

·        *Arrow Electronics, Inc.*

 

·        *Cabot Microelectronics   Corporation*

 

·        *Marvell Technology   Group, Ltd.*

 

·        *Xperi Corporation*

  |   |  

Mr. Hill   has served on our Board since January 2019 and as our Interim President   and CEO since May 2019.    Mr. Hill has also served as Chairman of the board of directors of   Marvell Technology Group Ltd., a semiconductor company, since May 2016   and as a member of the boards of directors of Arrow Electronics, Inc.,   an electronic components and enterprise computing solutions company, since 2006,   Cabot Microelectronics Corporation, a chemical mechanical planarization   supplier, since June 2012, and Xperi Corporation, an electronic devices   development company, since August 2012 and as its Chairman since   March 2013. Mr. Hill previously served as the Chairman and Chief   Executive Officer and member of the board of directors of Novellus Systems   Inc. until its acquisition by Lam Research Corporation in June 2012.   Before joining Novellus in 1993, Mr. Hill spent 12 years with Tektronix   Corporation, a leading designer and manufacturer of test and measurement   devices. Previously, Mr. Hill served on the boards of directors of   several technology companies, including Autodesk, Inc. from   March 2016 to June 2018, Yahoo! Inc. from April 2016 to   June 2017, Planar Systems, Inc. from June 2013 to   December 2015 and LSI Corporation from 2007 to May 2014.   Mr. Hill received a Bachelor of Science degree in bioengineering from   the University of Illinois in Chicago and a Master of Business Administration   degree from Syracuse University.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — member of the boards of   directors of Marvell Technology Group, Arrow Electronics, Cabot   Microelectronics and Xperi Corporation.

 

·      *Global   Expertise -* former   Chairman and Chief Executive Officer of Novellus Systems, Inc. and   former interim Chief Executive Officer of Xperi Corporation; chairman of the   board of Marvell Technology Group and Xperi Corporation.

 

·      *Leadership   Experience* —former   Chairman and Chief Executive Officer of Novellus Systems, Inc. and   former interim Chief Executive Officer of Xperi Corporation; chairman of the   board of Marvell Technology Group and Xperi Corporation.

 

·      *Public   Company Board Experience* — member of the board of   directors of Marvell Technology Group, Arrow Electronics, Cabot   Microelectronics and Xperi Corporation.

 

·      *Business   Combinations and Partnerships Experience* — member of the board of   directors of Marvell Technology Group, Arrow Electronics, Cabot   Microelectronics and Xperi Corporation.

  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

 

9

----

Table of Contents

 

|  

 

**David W. Humphrey**

 

*Managing Director,   Bain Capital*

 

***Age:****42*

 

***Director   Since:****2016*

 

***Committee   Memberships:***

 

·        *None*

 

***Other   Current Public Boards:***

 

·        *Genpact Limited* |   | * *

*Mr. Humphrey* has served as a member of our Board   since August 2016 when he joined in connection with Bain Capital’s   investment in Symantec, prior to which he served on Blue Coat’s board of   directors since May 2015. He is a Managing Director of Bain Capital, a   private equity firm, where he co-leads the firm’s investing efforts in   technology, media and telecom investments and where he has worked since 2001.   Prior to joining Bain Capital, Mr. Humphrey was an investment banker in   the mergers and acquisitions group at Lehman Brothers from 1999 to 2001. He   serves on the board of directors of Genpact Limited and on the board of   directors of a number of private companies in Bain Capital’s portfolio.   Mr. Humphrey previously served on the boards of directors of Bright   Horizons Family Solutions, Inc. Burlington Coat Factory Warehouse   Corporation, Skillsoft PLC and Bloomin’ Brands, Inc. He received a   Master of Business Administration degree from Harvard Business School and a   Bachelor’s degree from Harvard University.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — former member of the board of   directors of Blue Coat; Managing Director of Bain Capital; and member of the   boards of directors of BMC Software, Inc., Viewpoint Construction   Software, Waystar and Genpact Limited.

 

·      *Global   Experience*   — extensive experience investing in large global businesses.

 

·      *Leadership   Experience*   — Managing Director of Bain Capital and leader of its technology, media and   telecom vertical; and member of the boards of directors of BMC   Software, Inc., Viewpoint Construction Software, Waystar and Genpact   Limited.

 

·      *Public   Company Board Experience* — member of the board of directors of   BMC Software and Genpact Limited and former member of the boards of directors   of Bright Horizons Family Solutions, Inc., Burlington Coat Factory   Warehouse Corporation, Skillsoft PLC and Bloomin’ Brands, Inc.

 

·      *Business   Combinations and Partnerships Experience* — Managing Director of Bain Capital   and former investment banker with Lehman Brothers.

 

·      *Financial   Experience*   — Managing Director of Bain Capital and former investment banker with Lehman   Brothers.

  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                 |

 

10

----

Table of Contents

 

| ** **

** **

**David L. Mahoney**

 

*Director*

 

***Age:****65*

 

***Director   Since:****2003*

 

***Committee   Memberships:***

 

·        *Compensation*

 

·        *Nominating &   Governance (Chair)*

 

***Other   Current Public Boards:***

 

·        *Adamas Pharmaceuticals, Inc.*

 

·        *Corcept Therapeutics, Inc.*

  |   | * *

*Mr. Mahoney* has served as a member of our Board   since 2003. He previously served as co-Chief Executive Officer of McKesson   HBOC, Inc., a healthcare services company, and as Chief Executive   Officer of iMcKesson LLC, also a healthcare services company, from 1999 to   2001. Mr. Mahoney is a member of the boards of directors of Adamas   Pharmaceuticals, Inc., Corcept Therapeutics Incorporated, and Mercy   Corps, a non-profit organization, the board of trustees of Mount Holyoke   College, as well as a trustee of the Schwab/Laudus fund family and the San   Francisco Museum of Modern Art. He has previously served as a director of a   variety of companies, including Tercica Inc. Mr. Mahoney has a   Bachelor’s degree from Princeton University and a Master of Business   Administration degree from Harvard Business School.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — former co-Chief Executive Officer   of McKesson HBOC, Inc.; former Chief Executive Officer of iMcKesson LLC;   various executive roles at McKesson Corporation; and former Principal at   McKinsey & Co.

 

·       *Global   Experience*—   former co-Chief Executive Officer of McKesson HBOC, Inc.; former Chief   Executive Officer of iMcKesson LLC; various executive roles at McKesson   Corporation; and former Principal at McKinsey & Co.

 

·       *Leadership   Experience*   — former co-Chief Executive Officer of McKesson HBOC, Inc.; former Chief   Executive Officer of iMcKesson LLC; various executive roles at McKesson   Corporation; and former Principal at McKinsey & Co.

 

·       *Public   Company Board Experience* — member of the board of directors of   Corcept Therapeutics Incorporated; Lead Independent Director at Adamas   Pharmaceuticals, Inc.; and former member of the board of directors of   Tercica, Inc.

 

·       *Business   Combinations and Partnerships Experience* — former co-Chief Executive Officer   of McKesson HBOC, Inc.; former Chief Executive Officer of iMcKesson LLC;   various executive roles at McKesson Corporation; and former Principal at   McKinsey & Co.

 

·       *Financial   Experience*   — former roles at McKesson HBOC; serves on the Audit Committee of Corcept   Therapeutics Incorporated (former Chair of the Audit Committee) and the   Investment Committee of the Schwab/Laudus fund family; served on the Audit   Committees of Tercica Inc. and Adamas Pharmaceuticals, Inc.; and Chair   of the Finance Committee of Mercy Corps and San Francisco Museum of Modern   Art.

* * |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

 

11

----

Table of Contents

 

| ** **

** **

**Anita M. Sands**

 

*Director*

 

***Age:****43*

 

***Director   Since:****2013*

 

***Committee   Memberships:***

 

·        *Audit*

 

***Other   Current Public Boards:***

 

·        *Pure Storage, Inc.*

 

·        *ServiceNow, Inc.* |   | * *

*Ms. Sands*has served as a member of our Board   since October 2013. She served as Group Managing Director, Head of Change   Leadership and a member of the Wealth Management Americas Executive Committee   of UBS Financial Services, a global financial services firm, from   April 2012 to September 2013. Ms. Sands was Group Managing   Director and Chief Operating Officer of Wealth Management Americas at UBS   Financial Services from April 2010 to April 2012. Prior to that,   she was a Transformation Consultant at UBS Financial Services from   October 2009 to April 2010. Prior to joining UBS Financial   Services, Ms. Sands was Managing Director, Head of Transformation   Management at Citigroup’s Global Operations and Technology organization. She   also held several leadership positions with RBC Financial Group and CIBC.   Ms. Sands is on the boards of directors of ServiceNow, Inc., Pure   Storage, Inc. and two private companies. She received a Bachelor’s   degree in physics and applied mathematics from The Queen’s University of   Belfast, Northern Ireland, a Doctorate in atomic and molecular physics from   The Queen’s University of Belfast, Northern Ireland and a Master of Science   degree in public policy and management from Carnegie Mellon University.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — former Managing Director and Chief   Operating Officer at UBS Financial Services and various executive positions   of global financial services firms.

 

·      *Global   Experience*   — former Managing Director and Chief Operating Officer at UBS Financial   Services and various executive positions of global financial services firms.

 

·      *Leadership   Experience*   — former Managing Director and Chief Operating Officer at UBS Financial   Services and various executive positions of global financial services firms.

 

·      *Public   Company Board Experience* — member of the boards of directors   of ServiceNow, Inc. and Pure Storage, Inc.

 

·      *Financial   Experience*   — former Managing Director and Chief Operating Officer at UBS Financial   Services and various executive positions of global financial services firms.

* * |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

 

12

----

Table of Contents

 

|  

 

**Daniel H. Schulman**

 

*President and Chief   Executive Officer, PayPal Holdings, Inc.*

 

***Age:****61*

 

***Director   Since:****2000*

 

***Committee   Memberships:***

 

·        *Nominating & Governance*

 

***Other   Current Public Boards:***

 

·        *PayPal Holdings, Inc.*

 

·        *Verizon Communications Inc.* |   | * *

*Mr. Schulman* has served as a member of our Board   since 2000. He has served as President and then Chief Executive Officer of   PayPal Holdings, Inc., an online payment system company, since   September 2014. Previously, Mr. Schulman served as Group President,   Enterprise Group of American Express, a financial services company, from 2010   to September 2014. He was President, Prepaid Group of Sprint Nextel   Corporation, a cellular phone service provider, from 2009 until 2010.   Mr. Schulman served as Chief Executive Officer of Virgin Mobile USA, a   cellular phone service provider, from 2001 to 2009, when Sprint Nextel   acquired that company. He also served as a member of the board of directors   of Virgin Mobile USA from 2001 to 2009. Mr. Schulman is a member of the   boards of directors of PayPal Holdings, Inc., Verizon Communications   Inc. and a non-profit organization. He received a Bachelor’s degree in   economics from Middlebury College and a Master of Business Administration   degree, majoring in finance, from New York University.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — President and Chief Executive   Officer of PayPal; former Group President, Enterprise Group of American   Express; and former Chief Executive Officer and Chief Operating Officer of   priceline.com.

 

·      *Global   Experience*   — President and Chief Executive Officer of PayPal and former Group President   of American Express.

 

·      *Leadership   Experience*   — President and Chief Executive Officer of PayPal; former Group President,   Enterprise Group of American Express; former President, Prepaid Group of   Sprint Nextel Corporation; former Chief Executive Officer of Virgin Mobile   USA; and former Chief Executive Officer and Chief Operating Officer of   priceline.com.

 

·      *Public   Company Board Experience* — member of the boards of directors   of PayPal Holdings, Inc. and Verizon Communications Inc.; and former   member of the boards of directors of Virgin Mobile USA and Flextronics   International Ltd.

 

·      *Business   Combinations and Partnerships Experience —* President and Chief Executive Officer   of PayPal and former Chief Executive Officer of Virgin Mobile USA.

 

·      *Financial   Experience*   — President and Chief Executive Officer of PayPal; former Group President,   Enterprise Group of American Express; former President, Prepaid Group of   Sprint Nextel Corporation; former Chief Executive Officer of Virgin Mobile   USA; and former Chief Executive Officer and Chief Operating Officer of   priceline.com.

* * |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

 

13

----

Table of Contents

 

|  

 

**V. Paul Unruh**

 

*Director*

 

***Age:****70*

 

***Director   Since:****2005*

 

***Committee   Memberships:***

 

·        *Audit (chair)*

 

***Other   Current Public Boards:***

 

·        *None* |   | * *

*Mr. Unruh* has served as a member of our Board   since 2005 following the acquisition of Veritas, where he had served on the   board of directors since 2003. Mr. Unruh retired as Vice Chairman of   Bechtel Group, Inc., a global engineering and construction services   company, in 2003. During his 25-year tenure at Bechtel Group, he held a   number of management positions including Treasurer, Controller and Chief   Financial Officer. Mr. Unruh also served as President of Bechtel   Enterprises, the finance, development and ownership arm from 1997 to 2001. He   is a member of the board of directors of Aconex Ltd., which is traded on the   Australian Stock Exchange, and a private company. Mr. Unruh is a   Certified Public Accountant.

 

***Director Qualifications:***

 

·      *Global   Experience*   — former Vice Chairman of and held various executive positions at Bechtel   Group, Inc.; former President of Bechtel Enterprises and member of the   board of directors of Aconex Ltd. (Australia).

 

·      *Leadership   Experience*   — former Vice Chairman of and held various executive positions at Bechtel   Group, Inc. and former President of Bechtel Enterprises.

 

·      *Public   Company Board Experience* — former member of the boards of   directors of Heidrick & Struggles International Inc.,   Move, Inc., URS Corporation and Aconex Ltd. (Australia).

 

·      *Business   Combinations and Partnerships Experience* — former member of the Board of   Directors of Veritas Corporation, Move, Inc., and URS Corporation.

 

·      *Financial   Experience —*   certified public accountant; former Chief Financial Officer, Treasurer and   Controller of Bechtel Group, Inc.; former President of Bechtel   Enterprises; served on the Audit Committees of Heidrick & Struggles   International, Inc. and Move, Inc.

* * |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                  |

 

14

----

Table of Contents

 

| ** **

** **

**Suzanne M. Vautrinot**

 

*President, Kilovolt   Consulting Inc.*

 

***Age:****59*

 

***Director   Since:****2013*

 

***Committee   Memberships:***

 

·        *Audit*

 

***Other   Current Public Boards:***

 

·        *Ecolab, Inc.*

 

·        *Wells Fargo & Company* |   | * *

*Ms. Vautrinot*has served as a member of our Board   since 2013. She has been President of Kilovolt Consulting Inc., an advisory   firm, since October 2013. Ms. Vautrinot retired from the United   States Air Force in October 2013 after over 30 years of service. During   her career with the United States Air Force, she served in a number of   leadership positions including Major General and Commander, 24th Air Force/Network Operations from 2011 to   October 2013; Special Assistant to the Vice Chief of Staff from   December 2010 to 2011; Director of Plans and Policy, U.S. Cyber Command   from 2010 to 2010 and Deputy Commander, Network Warfare, U.S. Strategic   Command, from 2008 and 2010. Ms. Vautrinot is a member of the board of   directors of Ecolab, Inc., Wells Fargo & Company, a private   company and a non-profit organization. She received a Bachelor of Science   degree from the U.S. Air Force Academy, a Master of Systems Management degree   from University of Southern California, and completed Air Command and Staff   College as well as Air War College. Ms. Vautrinot was a National   Security Fellow at the John F. Kennedy School of Government at Harvard   University. In 2017 she was inducted into the National Academy of Engineering.

 

***Director Qualifications:***

 

·      *Industry   and Technology Experience* — Major General and Commander   (retired) and various leadership positions of United States Air Force.

 

·      *Global   Experience*   — Major General and Commander (retired) of United States Air Force; member of   the boards of directors of Ecolab, Inc. and Wells Fargo &   Company.

 

·      *Leadership   Experience*   — Major General and Commander (retired) and various leadership positions of   United States Air Force.

 

·      *Public   Company Board Experience* — member of the boards of directors   of Ecolab, Inc. and Wells Fargo & Company.

 

·      *Financial   Experience*   — serves on the Audit Committees of Ecolab, Inc. and Wells   Fargo & Company.

* * |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

 

15

----

Table of Contents

 

**Our Executive Officers**

 

The names of our current executive officers, their ages as of June 14, 2019 and their positions are shown below.

 
| **Name**                           | ** ** | **Age** | ** ** | **Position**                                                       |
|------------------------------------|------------|---------|------------|--------------------------------------------------------------------|
| Richard S. “Rick” Hill   |       | 67      |       | Interim President and CEO                                          |
| Vincent Pilette                    |       | 47      |       | Executive Vice President and Chief Financial   Officer             |
| Matthew Brown                      |       | 39      |       | Vice President Finance and Chief Accounting   Officer              |
| Amy L.  Cappellanti-Wolf |       | 54      |       | Senior Vice President and Chief Human   Resources Officer          |
| Art Gilliland                      |       | 48      |       | Executive Vice President and GM, Enterprise   Products             |
| Samir Kapuria                      |       | 46      |       | Executive Vice President and GM, CBU and   Cyber Security Services |
| Scott C. Taylor                    |       | 55      |       | Executive Vice President, General Counsel and   Secretary          |

 

The Board chooses executive officers, who then serve at the Board’s discretion. There is no family relationship between any of the directors or executive officers and any other director or executive officer of Symantec.

 

For information regarding Mr. Hill, please refer to *“Our Board of Directors”* above.

 

*Mr.  Pilette*has served as our Chief Financial Officersince May 2019. Prior to joining us, he served as Chief Financial Officer of Logitech International S.A. from September 2013 to May 2019 and from January 2011 through August 2013, he was Chief Financial Officer of Electronics for Imaging, Inc. Prior to that, he served in a variety of capacities at Hewlett-Packard Company from 1997 to December 2010, including Vice President of Finance for the Enterprise Server, Storage and Networking and vice president of finance for the HP Software Group. Vincent has a Master’s degree in engineering and business from Université Catholique de Louvain in Belgium and a Master of Business Administration’s degree in business administration from Kellogg School of Management at Northwestern University.

 

*Mr. Brown*has served as our Vice President of Finance and Chief Accounting Officer since January 2019. Prior to that, he served as our Vice President, Finance from August 2016 to January 2019 and as Vice President, Corporate Controller of Blue Coat, Inc. from October 2015 until we acquired that company in August 2016. Previously, he served in various positions at NETGEAR, Inc., a computer networking hardware company, from 2010 to October 2015, most recently as Senior Director, Assistant Controller. Mr. Brown holds a Bachelor of Science degree in business administration from the Walter A. Haas School of Business at U.C. Berkeley.

 

*Ms. Cappellanti-Wolf* has served as our Senior Vice President and Chief Human Resources Officer since July 2014. Prior to joining us, she served as Chief Human Resources Officer at Silver Spring Networks, Inc., a smart grid products provider, from June 2009 to July 2014. From September 2001 to June 2009, Ms. Cappellanti-Wolf served as Vice President, Human Resources of Cisco Systems, Inc. From 2000 to 2001, she served as a Human Resources Director at Sun Microsystems, Inc. Ms. Cappellanti-Wolf served as Human Resources Director for The Walt Disney Company from 1995 to 2000 and held various roles in human resources with Frito-Lay, Inc., a division of PepsiCo, Inc., from 1988 to 1995. She has a Bachelor’s degree in journalism from West Virginia University and a Master’s degree in industrial and labor relations from West Virginia University.

 

*Mr. Gilliland*has served as Executive Vice President and General Manager of our Enterprise Security Unit since November 2018.  Prior to joining us, Mr. Gilliland served as President and Chief Executive Officer of Skyport Systems, a SaaS managed secure infrastructure provider, from July 2015 until it was acquired by Cisco Systems in February 2018.  From 2012 to June 2015, Mr. Gilliland served in various positions with Hewlett-Packard, most recently as Senior Vice President and General Manager, Enterprise Security Products.  Previously he served as Vice President of Products and Marketing at IMlogic, which was acquired by Symantec in 2006. Mr. Gilliland holds a Bachelor’s degree in economics from Carleton College and a Master of Business Administration degree from Harvard Business School.

 

*Mr. Kapuria* has served as our Executive Vice President, Consumer Business Unit and Cyber Security Services since May 2018. Prior to that, he served as our Senior Vice President and General Manager, Cyber Security Services from November 2014 to May 2018, as our Vice President, Products and Services from July 2012 to November 2014, and as our Vice President, Business Strategy and Security Intelligence from April 2011 to July 2012. From October 2004 to April 2011, Mr. Kapuria held numerous other director-level management positions with Symantec. Mr. Kapuria holds a Bachelor’s degree in finance from the University of Massachusetts.

 

16

----

Table of Contents

 

*Mr. Taylor* has served as or Executive Vice President, General Counsel and Secretary since August 2008. From February 2007 to August 2008, he served as our Vice President, Legal. Prior to joining Symantec, Mr. Taylor held various legal and administrative positions at Phoenix Technologies Ltd., a provider of core systems software, from January 2002 to February 2007, including most recently as Chief Administrative Officer, Senior Vice President and General Counsel. From May 2000 to September 2001, he was Vice President and General Counsel at Narus, Inc., a venture-backed private company that designs IP network management software. Mr. Taylor is a director of Piper Jaffray Companies, a national advisory board member of the Stanford University Center for Comparative Studies on Race and Ethnicity and serves on the board of trustees of Menlo School. He holds a Juris Doctorate from George Washington University and a Bachelor’s degree from Stanford University.

 

**Delinquent Section 16(a) Reports**

 

Section 16 of the Exchange Act requires Symantec’s directors, executive officers and any persons who own more than 10% of Symantec’s common stock, to file initial reports of ownership and reports of changes in ownership with the SEC. Such persons are required by SEC regulation to furnish Symantec with copies of all Section 16(a) forms that they file.

 

Based solely on its review of the copies of such forms furnished to Symantec and written representations from the directors and executive officers, Symantec believes that all of our executive officers and directors filed the required reports on a timely basis under Section 16(a), except for Mr. Schulman who did not timely report on a Form 4, the distribution of shares held by DHS 2017 Annuity Trust Agreement II (for which Mr. Schulman exercises voting and dispositive power) to his individual account on April 19, 2018. This transaction reported on a Form 5 that was filed on May 10, 2019.

 

**Code of Conduct and Code of Ethics**

 

We have adopted a code of conduct that applies to all of our Board members, officers and employees. We have also adopted a code of ethics for our Chief Executive Officer and senior financial officers, including our principal financial officer and principal accounting officer. Our *Code of Conduct*and *Code of Ethics for Chief Executive Officer and Senior Financial Officers*are posted on the Investor Relations section of our website located at *investor.symantec.com*, by clicking on “Company Charters,” under “Corporate Governance.” Any amendments or waivers of our *Code of Conduct*and *Code of Ethics for Chief Executive Officer and Senior Financial Officers*pertaining to a member of our Board or one of our executive officers will be disclosed on our website at the above-referenced address.

 

**Identification of Audit Committee and Financial Expert**

 

We have a separately-designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The members of the Audit Committee, including each member that our Board has determined is an “audit committee financial expert” under SEC rules and regulations, are identified below.

 
| *Members:*           | Frank E. Dangeard                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 | Dale L. Fuller                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                 | Anita M. Sands                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                 | V. Paul Unruh (Chair)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                 | Suzanne M. Vautrinot                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| *Financial Experts:* | Our Board has unanimously determined that all   Audit Committee members are financially literate under current Nasdaq listing   standards, and at least one member has financial sophistication under Nasdaq   listing standards. In addition, our Board has unanimously determined that V.   Paul Unruh qualifies as an “audit committee financial expert” under SEC   rules and regulations. Mr. Unruh is independent as defined by   current Nasdaq listing standards for Audit Committee membership. Designation   as an “audit committee financial expert” is an SEC disclosure requirement and   does not impose any additional duties, obligations or liability on any person   so designated. |

 

17

----

Table of Contents

 

**Item 11.*  Executive Compensation***

 

**Executive Compensation and Related Information**

 

**COMPENSATION DISCUSSION & ANALYSIS (CD&A)**

 

This compensation discussion and analysis (“CD&A”) summarizes our executive compensation philosophy, our fiscal 2019 (“FY19”) executive compensation program and the FY19 compensation decisions made by the Compensation Leadership and Development Committee (the “Compensation Committee”) with respect to the following named executive officers (“NEOs”):

 

·  **Gregory S. Clark**, Former President and Chief Executive Officer (“CEO”);

 

·  **Nicholas R. Noviello**, Former Executive Vice President and Chief Financial Officer (“CFO”);

 

·**Amy L. Cappellanti-Wolf**, Senior Vice President and Chief Human Resources Officer;

 

·  **Samir Kapuria**, Executive Vice President and General Manager, CBU and Cyber Security Services; and

 

**·****Scott C. Taylor**, Executive Vice President, General Counsel and Secretary.

 

***FY19 Financial Results, Compensation and New Leadership***

 

| **FY19   Financial Results**                | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | ** **

**(In millions, except for per share   amounts)** | ** **

**Fiscal 2019 (“FY19”)** | ** **

**Fiscal 2018 (“FY18”)**                                                                                           | ** **  |
|---------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
| Net   revenues                              | $4,731                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $4,834                                                                                 |
| Operating   income                          | 380                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 49                                                                                     |
| Net   income                                | 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1,138                                                                                  |
| Net   income per share – diluted       | 0.05                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 1.70                                                                                   |
| Net   cash provided by operating activities | 1,495                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 950                                                                                    |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                                                                   |                                                     |                                                                                                                                               |        |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **FY19   Challenges**                       |  

While we saw improvements   in some areas of our business, our overall performance and stock price was   negatively impacted by several significant factors:

·                   Revenue   and business momentum in our Enterprise Security segment declined in FY19.

·                   The   Company was subject to an internal investigation, which was commenced and   completed by the Audit Committee of the Board (the “Audit Committee”) in   connection with concerns raised by a former employee.

·                   We   announced a restructuring plan pursuant to which we targeted reductions of our   global workforce of up to approximately 8%.

·                   Our   executive leadership team was in transition with announced executive officer   departures in November 2018 and January 2019. |
| **Commitment   to Pay-For-Performance**     | ·                   Our   former CEO did not receive a FY19 equity award.

·                   None   of our NEOs received an annual base salary increase for FY19, except for   those executives who were promoted.

·                   Our   former CEO did not receive a payment under his annual cash incentive award.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| ** **                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| ** **                                  | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | ** **                                                                             | ** **                                               | ** **                                                                                                                                         | ** **  |   |
| **Executive   Compensation**                | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | **Component**                                                                          | **Metric****(1)**                                        | **Achievement (as a   percent of target)**                                                                                     | **Funding** |   |
|                                        | **FY19 Executive Annual Incentive Plan (“EAIP”)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | FY19   Non-GAAP operating income                                                       | 87.5%                                                    | 0%                                                                                                                                                 |        |
|                                        | FY19   Non-GAAP revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 97.2%                                                                                  | 71.2%                                                    |                                                                                                                                               |
|                                        | **FY19 EAIP Total**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                   |                                                     | **35.6%**                                                                                                                                          |        |
|                                        | **FY19 Performance-based Restricted Stock Units**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | FY19   earnings per share (“EPS”)                                            | 88.3%                                                    | **50.6%**                                                                                                                                          |        |
|                                        | FY19   free cash flow                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 90.7%                                                                                  | **91.2%**                                                |                                                                                                                                               |
|                                        | **FY18 Performance-based Restricted Stock Units**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2-year   total shareholder return (“TSR”) relative to Nasdaq 100             | -21.32%                                                  | **0%**                                                                                                                                             |        |
|                                        | **Fiscal 2017 (“FY17”) Performance-based Restricted Stock Units**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | FY18   Non-GAAP Operating Income                                                       | 109.29%                                                  | **268.2%**   (of which 250% vested and settled at the end of FY18, and the remaining 18.2%   vested for eligible participants at the end of FY19). |        |
|                                        | **(1)**Please   see discussion below for more detail regarding how these metrics are   calculated.

** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                   |
|                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                        |                                                          |                                                                                                                                                    |             |  |  |  |  |  |

 

18

----

Table of Contents

 
| **New   Leadership** | ·                   The   composition of our Board changed materially with the appointment of four new   independent directors, two of whom replaced long-tenured directors.

·                   In   November 2018, Michael Fey resigned as President and COO.

·                   In   May 2019, Richard S. “Rick” Hill became our Interim President and CEO,   replacing Gregory S. Clark.

·                   In   May 2019, Vincent Pilette became our CFO, replacing Nicholas R.   Noviello. |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

Despite the challenges we faced in FY19, we remain confident in our Integrated Cyber Defense and Consumer Cyber Safety strategies and our competitive product portfolio.  In our Enterprise segment, we are focused on improving operational discipline, increasing sales productivity, expanding operating margins and managing the shift to our ratable cloud delivered solutions. In our Consumer segment, we will continue to execute on multiple initiatives to drive revenue growth. With industry-leading solutions across both our enterprise and consumer businesses, we believe that we are well positioned to participate in a growing opportunity in the cyber defense market. We have an opportunity to enhance stockholder value by building on the leadership and momentum of both our Enterprise and Consumer Cyber Safety segments.

 

***Our Compensation Philosophy and Practices***

 
| **Drive   Business Success**

 

Our executive   compensation program is designed to drive our success as a market leader in   cybersecurity.                                                                  | **Pay for Performance**

 

We believe that executive compensation should   be tied to our short and long-term performance. It is important to reward   outstanding individual performance, team success, and Company-wide results.                                                                    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **                                                                                                                                                                                                          | ** **                                                                                                                                                                                                                                                                                                  |
| **Attract and   Retain**

 

We focus on corporate   and individual performance objectives and aim to attract and retain   highly-qualified executive officers while maximizing long-term stockholder   value. | **Balancing and Aligning   Interests with Stockholders**

 

We are sensitive to our need to balance and   align the interests of our executive officers with those of our stockholders,   especially when compensation decisions might increase our cost structure or   stockholder dilution.

  |

 

19

----

Table of Contents

 

***Compensation Policies and Practices***

 
|   | **What   We Do****:**                                                                                                                                                       |   |   | **What   We Do Not Do****:**                                                                                             |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------|
|   | ** **                                                                                                                                                                  |   |   | ** **                                                                                                               |
|        | The   majority of pay for our CEO and other NEOs is at risk.                                                                                                                |   |        | We do not pay performance-based cash or   equity awards for unsatisfied performance goals.                               |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   provide that short-term incentive compensation is linked directly to our   financial results and also takes into account individual performance.                       |   |        | Our compensation plans do not have minimum   guaranteed payout levels.                                                   |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   reward performance that meets our predetermined goals.                                                                                                                 |   |        | We do not provide for automatic salary   increases or equity awards grants in offer letters or employment agreements.    |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   cap payouts under our plans to discourage excessive or inappropriate risk   taking by our NEOs.                                                                        |   |        | We generally do not permit short-sales,   hedging or pledging of our stock.                                              |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   have a relevant peer group and reevaluate the peer group annually.                                                                                                     |   |        | We do not provide “golden parachute” excise   tax gross-ups.                                                   |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   have robust stock ownership guidelines for our executive officers and   directors.                                                                                     |   |        | We do not provide excessive severance.                                                                                   |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   have adopted a comprehensive “clawback” policy, applicable to all   performance-based compensation granted to our executive officers.                        |   |        | We do not provide executive pension plans or   SERPs.                                                                    |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   only provide for double-trigger change in control benefits.                                                                                                            |   |        | We do not   provide excessive perquisites.                                                                               |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   limit any potential cash severance payments to not more than 1x our executive   officers’ total target cash compensation and 2x our CEO’s total base salary. |   |        | We do not permit the repricing or cash-out of   stock options or stock appreciation rights without stockholder approval. |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | Our   Compensation Committee retains an independent compensation consultant.                                                                                                |   |        | We do not permit the payment of dividend or   dividend equivalents on unvested equity awards.                            |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   hold an annual advisory vote on executive compensation.                                                                                                                |   |        | We do not provide single-trigger change of   control benefits to executive officers.                                     |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   seek feedback on executive compensation through stockholder engagement.                                                                                                |   |   |                                                                                                                     |
|   |                                                                                                                                                                        |   |   |                                                                                                                     |
|        | We   generally require one-year minimum vesting on stock options and stock   appreciation rights.                                                                           |   |   |                                                                                                                     |

 

***Strong stockholder support on say-on-pay and Stockholder Engagement***

 

At our 2018 annual meeting of stockholders, we requested that our stockholders cast a non-binding advisory vote on the compensation of our NEOs, also known as “say-on-pay” vote. This proposal passed with approximately 90% of the votes cast in favor. In evaluating our compensation practices in FY19, the Compensation Committee was mindful of the support our stockholders expressed for our philosophy of linking compensation to financial objectives and the enhancement of stockholder value. In addition, management met with or spoke to institutional stockholders representing approximately 55% of outstanding shares and listened to any feedback regarding executive compensation program. As a result, the Compensation Committee retained its general approach to executive compensation and continued to apply the same general philosophy and objectives as in the prior fiscal year in determining executive compensation.

 

**FY19 EXECUTIVE COMPENSATION**

 

The total mix of our NEO compensation, including the portion at risk, is reflected in the graphs below. The major components of target compensation for our NEOs during FY19 were: (i) base salary, (ii) target annual incentive awards and (iii) grant date fair value of long-term equity incentive awards, with the exception of our CEO who did not receive any equity awards for FY19.

 

20

----

Table of Contents

 

 

***Analysis of Compensation Components***

 

The elements of the FY19 compensation for our NEOs was as follows:

 
| **Compensation Component**                                                              | **Form of Award** | **Percent at Risk** | **Performance vs Time-Based** |
|----------------------------------------------------------------------------------------------|-----------------------------|-------------------------------|-----------------------------------------|
|                                                                                         |                        |                          |                                    |
| Base Salary                                                                                  | Cash                        | 0%                            | NA                                      |
|                                                                                         |                        |                          |                                    |
| Executive Annual Incentive Plan                                                              | Cash(1)                     | 100%                          | Performance-Based                       |
|                                                                                         |                        |                          |                                    |
| Equity Incentive Awards — Restricted Stock Units (“RSUs”)                     | RSUs(2)                     | 100%                          | Time-Based                              |
|                                                                                         |                        |                          |                                    |
| Equity Incentive Awards — Performance-based Restricted   Stock Units (“PRUs”) | PRUs(2)                     | 100%                          | Performance-Based                       |

 

----

(1) For FY19, except for Mr. Noviello, this award was payable in RSUs, which were granted on May 20, 2019 and vested June 1, 2019.  Beginning in fiscal 2020 (“FY20”), the award will be payable in cash.

(2) For FY19, our former CEO did not receive any equity awards.

 

21

----

Table of Contents

** **

**I. Base Salary**

** **
| **2019   Base Salary**                                                                                                                                                          | ** **         |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|
| **Philosophy**                                                                                                                                                                  | **Considerations** |
| ·                  Provide fixed   compensation to attract and retain key executives. |               | ·                  Salary reviewed and   set annually.

 

·                  The factors used to   determine the amount of salaries include skill set, experience performance   contribution levels, the executive officer’s role, positioning relative to   peer group and market and our overall salary budget.

 

·                  Recommendations of   the CEO for other executive officers based upon his annual review of   performance. |

** **

The following table presents each NEO’s base salary for FY19.

** **
| ** **                | ** **                                | ** **                              | ** **                       |
|---------------------------|-------------------------------------------|-----------------------------------------|----------------------------------|
| **NEO**                   | **FY18 Annual Salary ($)** | **Change in Salary (%)** | **FY19 Annual Salary** |
|                      |                                      |                                    |                             |
| Gregory S. Clark          | 1,000,000                                 | —                                  | 1,000,000                        |
| Nicholas R. Noviello | 650,000                                   | —                                  | 650,000                          |
| Amy L. Cappellanti-Wolf   | 440,000                                   | —                                  | 440,000                          |
| Samir Kapuria(1)          | 390,000(1)                                | 60,000(1)                               | 450,000                          |
| Scott C. Taylor           | 600,000                                   | —                                  | 600,000                          |

** **

----

(1) Mr. Kapuria was named an executive officer during FY19 and received a salary increase in connection with his promotion.  His salary increased from $390,000 to $440,000 effective May 8, 2018.

** **

As presented in the table above, our named executive officers did not receive an increase in annual base salary other than in connection with a promotion for Mr. Kapuria.  Our former CEO determined that none of our other NEOs would receive a base salary increase for FY19.  In addition, our Board also determined that Mr. Clark would not receive a salary increase in FY19.

** **

**II. Executive Annual Incentive Plan**

** **

**FY19 Annual Cash Incentive Awards**

** **

| **FY19   Annual Cash Incentive Awards**

** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Philosophy**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **Target Amount Considerations** | **Award Design Considerations** | **Performance Conditions** |
| ·              Establish   appropriate short-term performance measures that the Compensation Committee believes will drive our   future growth and profitability.

·              Reward   achievement of short-term performance measures.

·              Payout tied   to Company performance consistent with FY19 financial plan.

·              Offer   market competitive incentive opportunities. | ·              Factors   used to determine target amounts included: (i) relevant market data; (ii)   internal pay equity; and (iii) desired market position role of each NEO. | ·             Non-GAAP   Operating Income and Non-GAAP Revenue were the financial metrics selected   because we believe: (i) they strongly correlate with stockholder value   creation, are transparent to investors and are calculated on the same basis   as described in our quarterly earnings releases and supplemental materials,   and balance growth and profitability, and (ii) our executive team can have a   direct impact on these metrics through skillful management and oversight. | ·                   Non-GAAP   Operating Income Metric (50% weighing). Non-GAAP Operating Income is defined   as GAAP operating income, adjusted, as applicable, to exclude, among other   things, stock-based compensation expense, charges related to the amortization   of intangible assets, restructuring, separation, transition and other related   expenses and contract liabilities fair value adjustment, calculated under   2019 plan exchange rates

  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | ·             Metrics   established based on a range of inputs, including external market economic   conditions, growth outlooks for our product portfolio, the competitive   environment, our internal budgets and market expectations. | ·                   Non-GAAP   Revenue Metric (50% weighing). Non-GAAP Revenue is defined as GAAP revenue adjusted to exclude contract   liabilities fair value adjustment calculated under 2019 plan exchange rates. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | ·             Performance   payout curves set to drive increased revenue and operating income and in | ·                   Individual   performance assessment modifier (0-140%) except for CEO. |

 

22

----

Table of Contents

 

|   |   | accordance   with our FY19 financial plan.

 

 

·             Goals established in   first 90 days when performance is indeterminable.

 

·             Payable in fully vested   RSUs for FY19.

 

·             CEO performance should   be completely tied to Company financial performance. | ·                   Employment   through payout date.

 

·                   See below   for more information. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

23

----

Table of Contents

 

***Executive Annual Incentive Plan Target Opportunities:***  The following table presents each NEO’s target incentive opportunity for FY19 under the FY19 Executive Annual Incentive Plan (the “FY19 EAIP”):

 

| **NEO**                           | **FY19 Individual Annual Incentive Target (%)** | **FY19 Target ($)** |
|-----------------------------------|-------------------------------------------------|---------------------|
| Gregory   S. Clark                | 150                                             | 1,500,000           |
| Nicholas R.    Noviello | 100                                             | 650,000             |
| Amy L.   Cappellanti-Wolf         | 70                                              | 308,000             |
| Samir   Kapuria(1)           | 100                                             | 450,000             |
| Scott C.   Taylor                 | 100                                             | 600,000             |

 

----

(1) In connection with Mr. Kapuria’s promotion, his FY19 Individual Annual Incentive Target under the FY19 EAIP increased from 60% to 100% effective May 8, 2018.  Mr. Kapuria’s prorated target annual incentive value for FY19 is $427,451.

 

***FY19 EAIP Payout Formula***: The determination of each NEO’s payout amount under the FY19 EAIP is based on the following formula. The Compensation Committee has discretion to adjust individual awards downward as appropriate by up to 25% of the amount of the incentive award that would otherwise be earned.

 

 

The payout curves for each of our metrics for FY19 are set forth in the table below. The non-GAAP operating income and non-GAAP revenue metrics are funded independently of each other and are weighted equally. Except for our CEO, the actual individual payouts could be further modified based on an individual performance factor generally in the range of 0% to 140% based on performance achievement against pre-established individual goals for FY19.

 
|          | **Non-GAAP Operating Income Metric**                | **Non-GAAP Revenue Metric** |                                       |            |
|---------------|-----------------------------------------------------|-----------------------------|--------------------------------------------|-----------------|
|          | **Non-GAAP   Operating Income   ($ millions)** | **Funding (%)**             | **Non-GAAP   Revenue   ($ millions)** | **Funding (%)** | **Individual   Performance   Modifier (%)** | **Total Payout as   a Percentage of   Target (%)** |
| **Threshold** | $1,428                                              | 40                          | $4,760                                     | 40              | 35 | 14 |
| **Target**    | $1,630                                              | 100                         | $4,943                                     | 100             | 100 | 100 |
| **Maximum**   | $1,793                                              | 200                         | $5,141                                     | 200             | 140 | 280 |

 

24

----

Table of Contents

 

***Individual Performance Assessment***

 

Individual performance is evaluated, and taken into account in determining the FY19 EAIP payout for NEOs other than the CEO based on both quantitative and qualitative results in the following key areas:

 

| **Individual Performance Assessment Components**                                                                                                                                                                                            |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·                   Financial and operational goals for the executive’s area of   responsibility and the entire Company.                |  | ·            Development   and management of the executive’s team of employees. |
| ·                   Leadership qualities as well as functional competencies and   knowledge for the executive’s area of responsibility. |  |  |

 

Provided the threshold performance levels for both Company performance metrics are achieved, the CEO evaluates the level of each NEO’s individual performance against the pre-determined goals at fiscal year-end and makes a recommendation to the Compensation Committee. The Compensation Committee makes the final determination with respect to each NEO’s actual payout, which it did for our NEOs in FY19.

 

***FY19 EAIP Payout Results:***

 
| **Weighted Average Company Performance Funding** |
|--------------------------------------------------|
| **Company Performance   Metric**                 | **Target ($)   (millions)** | **Threshold ($)   (millions)** | **Actual ($)   (millions)** | **Threshold   Funding (%)** | **Funding   (%)** |
| Non-GAAP   Operating Income                      | 1,630 | 1,428 | 1,427(1) | 40 | 0.0 |
| Non-GAAP   Revenue                               | 4,943 | 4,760 | 4,804(2) | 40 | 71.2 |
| **FY19 Funding**                                 |   |   |   |   | **35.6** |

 

----

(1) Calculated in FY19 plan exchange rates and excludes stock-based compensation expense, charges related to the amortization of intangible assets, restructuring, separation, transition and other related expenses, contract liabilities fair value adjustment, acquisition-related costs and certain litigation settlement gains.

 

(2) Calculated in FY19 plan exchange rates and excludes contract liabilities fair value adjustment.

 
| **FY19 EAIP NEO Payout Amounts**           |
|--------------------------------------------|
| **NEO**                                    | **Base   Salary** | **Annual Incentive   Target (%)** | **Company   Performance   Funding (%)** | **Individual   Performance   Factor (%)** | **Individual   Payout   Amount ($)**(4) |
| Gregory   S. Clark(1)                      | 1,000,000 | 150 | NA | NA | 0 |
| Nicholas R.    Noviello(2)  | 650,000 | 100 | NA | NA | 487,500 |
| Amy L.   Cappellanti-Wolf(3)          | 440,000 | 70 | 35.6 | 100 | 109,648 |
| Samir   Kapuria(3)                         | 450,000 | 100 | 35.6 | 100 | 152,172 |
| Scott C.   Taylor(3)                  | 600,000 | 100 | 35.6 | 100 | 213,600 |

 

----

(1) Mr. Clark did not receive a FY19 EAIP payout.

(2) Pursuant to the terms of Mr. Noviello’s Transition Services Agreement dated January 31, 2019 (the “Transition Services Agreement”), Mr. Noviello received 75% of his target FY19 EAIP amount under the Company’s Executive Severance Plan because it was greater than the amount that he would have earned under the FY19 EAIP irrespective of individual performance.

(3) Ms. Cappellanti-Wolf, and Messrs. Kapuria and Taylor each earned an individual performance factor of 100%. In determining the appropriate individual performance factor for each of these executives, the Compensation Committee, with recommendation of the CEO, considered leadership, contributions to Symantec’s achievement of its goals, and strategic planning among other factors.

(4) The Compensation Committee did not exercise its discretion to reduce any payouts.

 

25

----

Table of Contents

 

**III. Equity Incentive Awards**

 

In FY19, we granted our NEOs (other than Mr. Clark who did not receive equity awards in FY19) a mix of RSUs and PRUs (“FY19 RSUs” and “FY19 PRUs”, respectively). In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively.  All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.

** **
| ** **

**Equity Incentive Awards**

** **                                                                                                                                                                                                            | ** ** | ** **                                                                                                                           | ** ** | ** **                                                                                                                                             | ** ** | ** **                                                                                                                                                                                                                                                         |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Philosophy**                                                                                                                                                                                                                                                           | ** ** | **Grant Mix**                                                                                                                   | ** ** | ** **

**Award Amount   Considerations**                                                                                                     | ** ** | ** **

**Award Design   Considerations**                                                                                                                                                                                                                 | ** ** | **Vesting Conditions** |
|                                                                                                                                                                                                                                                                     |       |                                                                                                                                 |       |                                                                                                                                                   |       |                                                                                                                                                                                                                                                               |   |   |
| ·              Establish appropriate performance measures   that the Compensation Committee believes will drive our future growth and   profitability.                                             |       | ·         Equity awards are a mix of RSUs and PRUs.                                     |       | ·         NEOs’ responsibilities and anticipated   future contributions.                             |       | ·         Long-term payouts should depend on NEOs’   ability to drive financial performance, including share price appreciation.                                                                                 |   | ·         RSUs are time-based and vest over three   years: (30%/ 30% / 40%), except for 2019, where they vest 40%/ 30%/ 30% with   the exception of FY18 NEOs whose RSUs grant vest 30%/30%/40%. |
|                                                                                                                                                                                                                                                                     |       |                                                                                                                                 |       |                                                                                                                                                   |       |                                                                                                                                                                                                                                                               |   |   |
| ·              Provide meaningful and appropriate   incentives for achieving annual financial goals that the Compensation   Committee believes are important for our short- and long-term success. |       | ·         For our FY18 NEOs (Taylor and Noviello),   the mix was 70% PRUs and 30% RSUs. |       | ·         NEOs’ past grant amounts and amount of   unvested equity held by each NEO.                 |       | ·         Metrics should align with long-term goal of   generating cash and operational execution and allow us to evaluate our short-   term strategy while taking into account the performance of our peers.

  |   | ·         PRU Metrics:

 

Achievement of FY19 non-GAAP free cash flow (“FCF”);   non- GAAP FCF is cash from operating activities less capital expenditures, as   reported in the Company’s audited financial statements. |
|                                                                                                                                                                                                                                                                     |       |                                                                                                                                 |       |                                                                                                                                                   |       |                                                                                                                                                                                                                                                               |   |   |
| ·              Equity awards should attract and retain   talent in a highly competitive market for talent.                                                                                         |       | ·         For our other NEOs, the mix was 50% PRUs   and 50% RSUs.                      |       | ·         Competitive market assessment, including   practices of peers and similarly situated companies. |       | ·         Payout amounts should be designed to   promote retention for valuable NEOs.                                                                                                                                 |   | ·         FY19 Non-GAAP EPS; non-GAAP EPS is non-GAAP   net income (consistent with the Board approved plan) divided by 680 million   fully diluted shares. |
|                                                                                                                                                                                                                                                                     |       |                                                                                                                                 |       |                                                                                                                                                   |       |                                                                                                                                                                                                                                                               |   |   |
| ·              Reward NEOs for creating stockholder value   over long term.                                                                                                                        |       | ·         Mr. Clark did not receive FY19 equity   awards.                          |       | ·         Gains recognizable by the NEO from equity   awards made in prior years.                         |       |                                                                                                                                                                                                                                                               |   | ·         TSR over three years measured against the   Nasdaq 100.

 

·         See below for more information |

 

***Restricted Stock Units (RSUs):*** RSUs represent the right to receive one share of Symantec common stock for each vested RSU upon the settlement date, subject to continued employment through each vesting date.

 

| **NEO**                              | **FY19 RSU Award Amount (#)** | **Grant Date Value ($)** |
|--------------------------------------|-------------------------------|--------------------------|
| Gregory   S. Clark (1)               | 0                             | 0                        |
| Nicholas R. Noviello   (2) | 95,416                        | 2,106,785                |
| Amy L.   Cappellanti-Wolf            | 78,620                        | 1,683,254                |
| Samir Kapuria                        | 238,243                       | 5,100,783                |
| Scott C.   Taylor (2)                | 61,339                        | 1,354,365                |

 

----

(1) Mr. Clark did not receive an RSU award for FY19.

(2) In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively.  All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.

 

***Performance-based Restricted Stock Units (PRUs)***: FY19 PRUs granted to our NEOs vest based on the achievement of three metrics: (1) FY19 FCF; (2) FY19 EPS; and (3) three-year relative TSR at the end of fiscal 2021 as measured against the Nasdaq 100 and the completion of a service requirement.  The Compensation Committee believed that using

 

26

----

Table of Contents

 

independently-measured corporate metrics would motivate our executive team by providing distinct separate opportunities to earn awards.  The Compensation Committee also believed adding Free Cash Flow as an additional metric to those used in the FY18 PRUs aligned with the Company’s priorities for FY19 of generating strong free cash flow growth.

 

| **FY19 PRU Performance Metrics Overview**          |
|----------------------------------------------------|
| **Metric**                                         | **Measurement Period** | **Metric Objectives** | **Vesting Conditions****(1)**** ** |
| **FY19 Free Cash Flow**                            | FY19 | Aligns   with our long-term goal of generating cash and operational execution. | Earned   portion vests at end of FY20 for FY18 NEOs, and as to 60%/40% at end of   FY19/FY20, respectively, for non FY18 NEOs. |
| **FY19 Earnings Per Share**                        | FY19 | Provides   evaluation of strategy execution. | Earned   portion vests at end of FY20 for FY18 NEOs, and as to 60%/40% at end of   FY19/FY20, respectively, for non FY18 NEOs. |
| **3-Year Total Shareholder Return vs. Nasdaq 100** | FY19 through   the end of fiscal 2021 | Provides   balance to measure our longer-term performance against comparable companies. | Earned   portion vests at end of FY21. |

 

----

(1) In addition to the vesting components, the Compensation Committee has broad negative discretion to reduce the amount of the award earned by up to 50% as it determines reasonable and appropriate.

 

 

27

----

Table of Contents

 

The Compensation Committee certifies the amount of PRUs earned under each of the relevant metrics shortly after the completion of the performance period for each metric.

 

| **Vesting of Earned FY19 PRU Awards**   |
|-----------------------------------------|
| **NEO**                                 | **FY19 FCF Metric** | **FY19 EPS Metric** | **3-Year TSR Performance Metric** |
| Gregory S.   Clark (1)                  | NA | NA | NA |
| Nicholas R.    Noviello(2)(3) | NA | NA | NA |
| Amy L.   Cappellanti-Wolf (4)           | 60% -   3/29/2019;   40% - 4/3/2020 | 60% -   3/29/2019;   40% - 4/3/2020 | 4/2/2021 |
| Samir   Kapuria(4)                      | 60% -   3/29/2019;   40% - 4/3/2020 | 60% -   3/29/2019;   40% - 4/3/2020 | 4/2/2021 |
| Scott C.   Taylor (3)                   | 100% -   4/3/2020 | 100%-4/3/2020 | 4/2/2021 |

 

----

(1) Mr. Clark did not receive a PRU award for FY19.

(2) Pursuant to the terms of Mr. Noviello’s Transition Services Agreement, he is entitled to vesting and settlement of a portion of his FY19 PRUs, subject to the satisfaction of the applicable performance metrics, without having to satisfy any service requirement.

(3) As FY18 NEOs, the FCF and EPS metric components of these awards vest at the end of FY20.

(4) Mr. Kapuria and Ms. Cappellanti-Wolf were not NEOs in FY18.  Non-NEOs’ awards vest as to 60% of the FCF and EPS component at the end of FY19, and as to 40% of the FCF and EPS component at the end of FY20.

 

*FY19 Non-GAAP FCF Metric*

 

33% of the shares underlying the FY19 PRUs are eligible to be earned based on our achievement of non-GAAP FCF at the end of FY19.  The following table presents threshold, target and maximum performance levels and payouts of the relative FCF metric:

 

|                     | **FY19 FCF Performance Metric**        |
|---------------------|----------------------------------------|
|                     | **FCF Performance Goal   (millions)*** | **Funding (%)** |
| **Below Threshold** | Less than   $1,100                     | 0 |
| **Threshold**       | $1,100                                 | 40 |
| **Target**          | $1,350                                 | 100 |
| **Maximum**         | $1,562 or   more                       | 200 |

 

----

*To the extent actual non-GAAP FCF performance falls between two discrete points in the chart above, linear interpolation will be used to determine funding.

 

*FY19 Non-GAAP EPS Metric*

 

33% of the shares underlying the FY19 PRUs are eligible to be earned based on our achievement of non-GAAP EPS at the end of FY19.  The following table presents threshold, target and maximum performance levels and payouts of the relative EPS metric:

 

|                     | **FY19 EPS Performance Metric** |
|---------------------|---------------------------------|
|                | **EPS Performance Goal***       | **Funding (%)** |
| **Below Threshold** | Less than   $1.50               | 0 |
| **Threshold**       | $1.50                           | 50 |
| **Target**          | $1.70                           | 100 |
| **Maximum**         | $1.93 or   more                 | 200 |

 

----

*To the extent actual non-GAAP EPS falls between two discrete points in the chart above, linear interpolation will be used to determine funding.

 

28

----

Table of Contents

 

*3-Year TSR Component*

 

33% of the shares underlying the FY19 PRUs are eligible to be earned based on our TSR performance relative to the TSR performance of companies comprising the Nasdaq 100 index over the three-year performance period ending on the last day of FY21. The following table presents threshold, target and maximum performance levels and payouts of the relative TSR metric:

 

|                     | **3-Year TSR Performance**            |
|---------------------|---------------------------------------|
|                     | **TSR Performance vs.   Nasdaq 100*** | **Funding (%)** |
| **Below Threshold** | Below 25th   percentile               | 0 |
| **Threshold**       | 25th   percentile                     | 50 |
| **Target**          | 50th percentile                       | 100 |
| **Maximum**         | 75th   percentile                     | 200 |

 

----

*To the extent actual TSR performance falls between two discrete points in the chart above, linear interpolation will be used to determine funding.

 

***FY19 PRU Award Summary:***The following table summarizes the number of FY19 PRUs granted to each NEO, and the amounts earned and vested as of the end of FY19, which are subject to change based on 3-year TSR component of the award and continued service requirements through the end of FY21.  For the FY19 FCF metric, we achieved $1,288 million, resulting in funding at 91.2% for this metric.  For the FY19 EPS metric, we achieved just over the threshold performance goal of $1.50, resulting in funding at 50.6% for this metric.

 

| **FY19 PRUs Granted, Earned and Vested** |
|------------------------------------------|
| **NEO**                                  | **Total FY19   PRUs   Granted (#)** | **Total FY19 PRU   Value at Grant ($)** | **Total FY19 FCF   PRUs Earned (#)** | **Total FY19   EPS PRUs   Earned (#)** | **Total   3-Year TSR   PRUs   Earned (#)** | **Total FY19   PRUs   Earned** | **Total FY19   PRUs   vested** |
| Gregory S.   Clark (1)                   | NA | NA | NA | NA | NA | NA | NA |
| Nicholas R. Noviello(2)        | 222,636 | 4,825,264 | 40,608 | 22,530 | NA | 63,138 | 63,138 |
| Amy L.   Cappellanti-Wolf                | 78,620 | 1,668,841 | 23,899 | 13,258 | - | 37,157 | 22,297 |
| Samir   Kapuria                          | 238,242 | 5,057,084 | 72,424 | 40,182 | - | 112,606 | 67,566 |
| Scott C.   Taylor                        | 143,123 | 3,101,953 | 43,508 | 24,138 | - | 67,646 | 0 |

 

----

(1) Mr. Clark did not receive any FY19 equity awards.

(2) Pursuant to the terms of Mr. Noviello’s Transition Services Agreement, he will be entitled to vesting and settlement of a portion of his FY19 PRUs, subject to the satisfaction of the applicable performance metrics, without having to satisfy any service requirement.

 

29

----

Table of Contents

 

***Previously Granted Long Term Incentive Pay Outcomes***

 

*FY17 PRU Achievement*

 

 

The FY17 PRUs were designed with a performance metric that would focus our efforts on producing significantly increased profitability by the end of FY18. The Compensation Committee chose FY18 non-GAAP operating income as the appropriate metric for the FY17 PRUs because it provided a powerful incentive to both complete our business transformation goal while also requiring the executive team to deliver increased profitability.  Depending on our achievement of this metric, 0% to 300% of the target shares were eligible to be earned at the end of FY18, subject to additional vesting conditions in certain cases as discussed below. To further encourage continued service to us and our stockholders, for any achievement above 250% of target to be earned, generally, the participant must have been employed by us through the end of FY19 when the additional payout in excess of 250% was made.

 

Below is the summary of FY18 non-GAAP operating income metric achievement for the FY17 PRUs as of the end of FY18.

 
|           | **FY18   non-GAAP   Operating   Income   Target ($)   (millions** | **FY18   non-GAAP   Operating   Income   Actual ($)   (millions)** | **FY18   Non-GAAP   Operating   Income   Performance   as a % of   Target** | **Vesting   Level   as a % of   Target Award** | **Eligible   Shares   as a % of   Target   Shares   at end of   FY18** | **Eligible   Shares   as a % of   Target   Shares   at end of   FY19** |
|-----------|-------------------------------------------------------------------|--------------------------------------------------------------------|-----------------------------------------------------------------------------|------------------------------------------------|------------------------------------------------------------------------|------------------------------------------------------------------------|
| FY17 PRUs | 1,560                                                             | 1,705(1)                                                           | 109.29                                                                      | 268.2                                          | 250                                                                    | 18.2                                                                   |

 

----

(1) Defined as our FY18 GAAP operating income, adjusted, as applicable, to exclude website security and PKI results included in our third quarter of FY18 results, stock-based compensation expense, charges related to the amortization of intangible assets, restructuring, separation, transition and other related expenses, acquisition and integration expenses, certain gains or losses on litigation contingencies and settlements, the impact from deferred revenue and inventory fair value adjustments as part of business combination accounting entries and certain other income and expense items that management and/or the Compensation Committee considers unrelated to Symantec’s core operations. Non-GAAP operating income was adjusted under FY17 PRUs to (i) allow for the negative impact of up to $91 million of foreign exchange rates on revenue, with no limit on the positive foreign exchange impact, and (ii) adjusted beneficially for changes to Symantec’s capital structure that positively impacted Symantec’s EPS on a non-GAAP Basis, such as cash interest expense savings due to prepayment of indebtedness.

 

Below is the summary of the FY17 PRUs vested and earned by each NEO.

 

| **NEO**                        | **Total FY17 PRUs   Vested at end of   FY18** | **Total FY17 PRUs vested at   end of FY19** | **Total FY17 PRUs   Earned and Vested**(1) |
|--------------------------------|-----------------------------------------------|---------------------------------------------|--------------------------------------------|
| Gregory S.   Clark             | 2,404,175                                     | 175,023                                     | 2,579,198                                  |
| Nicholas R. Noviello | 606,935                                       | 44,184                                      | 651,119                                    |
| Amy L.   Cappellanti-Wolf      | 207,142                                       | 15,080                                      | 222,222                                    |
| Samir   Kapuria                | 148,322                                       | 10,798                                      | 159,120                                    |
| Scott C.   Taylor              | 414,287                                       | 30,160                                      | 444,447                                    |

 

----

(1) The Compensation Committee did not exercise its discretion to reduce any payouts.

 

30

----

Table of Contents

 

*FY18 PRU Achievement*

 

 

The Compensation Committee chose FY18 EPS and relative 2- and 3-year TSR against the Nasdaq 100 index as the applicable performance metrics for the FY18 PRUs. The Compensation Committee selected non-GAAP EPS because it believed this metric could be used to evaluate the execution of our short-term strategy. The one-year EPS metric is balanced by the 2- and 3-year relative TSR metrics, which require us to match or exceed median market results to achieve a payout at target or greater, and provides alignment with stockholders over a more extended time period.

 

Below is the summary of the FY18 non-GAAP EPS metric performance metric achievement for the FY18 PRUs as of the end of FY18.

 

|                       | **FY18    non-GAAP EPS    Target** | **FY18    non-GAAP EPS    Actual**(1) | **Achievement    as a Percentage    of Target** | **Eligible Shares as a    % of    Target Shares at end of FY18**                                           |
|-----------------------|------------------------------------|---------------------------------------|-------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|
| FY18 PRUs   | $1.64 per share                    | $1.56 per share                       | 95.20%                                          | 50.5% of the FY18 EPS shares (25.25% of the   total FY18 PRUs) became eligible to be earned at the end of FY20. |

 

----

(1) We define non-GAAP EPS as non-GAAP net income, calculated in the manner consistent with the annual financial plan presented to and approved by our Board, divided by 675 million fully diluted shares.  We calculate non-GAAP net income as GAAP profit before tax reflected in the Company’s condensed consolidated statements of operations as adjusted for the following items: the impact from business combination accounting entries (such as deferred revenue fair value adjustments, and inventory fair value adjustments), stock-based compensation expense, restructuring, separation, transition and other related charges, integration and acquisition expenses, charges related to the amortization of intangible assets and acquired product rights, impairments of assets, income or loss from discontinued operations, non-cash interest expense and amortization of debt issuance costs and certain other items that are not included in the Company’s non-GAAP results, further adjusted to reflect the Company’s expected ongoing core tax rate, all calculated based on the applicable fiscal year plan level exchange rates.

 

Below is the summary of FY18 non-GAAP EPS metric performance metric achievement for the FY18 PRUs as of the end of FY18.

 

|                       | **2-Year Relative TSR    Target vs. Nasdaq 100** | **2-Year Relative TSR    Actual vs. Nasdaq 100** | **Achievement as a    Percentage of Target** | **Eligible Shares as a    % of    Target Shares at end of FY19 for    the 2-Year TSR Component****(1)** |
|-----------------------|--------------------------------------------------|--------------------------------------------------|----------------------------------------------|---------------------------------------------------------------------------------------------------------|
| FY18 PRUs   | 50th Percentile                             | 8th Percentile                              | 0%                                           | 0                                                                                                       |

 

----

(1) Under the FY18 PRU plan, any unearned shares below the target level for the 2-Year Relative TSR are added to the FY18 3-Year Relative TSR Shares to be earned.

 

31

----

Table of Contents

 

**IV. Benefits**

 

| **FY19 Benefits**                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Benefit**                                                                                                                                           | **Philosophy/Rationale** |  |
| 401(k) plan and matching contributions, health and dental coverage,   life insurance, disability insurance, paid time off, and paid holidays.

  | ·       Provide our   NEOs with competitive broad-based employee benefits on the same terms as are   available to all employees generally. |
| Nonqualified deferred compensation plan.

* *                                                                                                    | ·       Provide a   standard package of benefits necessary to attract and retain executives. two   of our named executive officers participated in this plan during FY19. The   plan is described further under “Non-Qualified Deferred Compensation in   Fiscal 2019,” on page 48.

  |
| Reimbursement for up to $10,000 for financial planning services.

* *                                                                            | ·    Provide   financial planning assistance given the complexity of executive officer   compensation and financial arrangements to allow executives to concentrate on   responsibilities and our future success. |
| Car service for our former CEO.

* *                                                                                                             | ·       Helps to   ensure the security of our CEO, provides a more efficient means of   transportation and allows him to concentrate on his responsibilities and our   future success.

  |
| Aircraft lease agreement with our former CEO for Company use of his   aircraft.                                                                       | ·       Helps to   ensure the security of our CEO, provides a more efficient means of   transportation and allows him to concentrate on his responsibilities and our   future success. |

 

32

----

Table of Contents

 

**V. Severance and Change of Control Benefits**

 

The following table provides information regarding the severance arrangements that we have with certain of our NEOs:

 

| **FY19 Severance and Change of   Control Protections**                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Philosophy**                                                                                                                                                                                                                                                                                                                                                                                                                                                         | **Considerations** | **Terms** |
| ·          Intended to ease an NEO's transition due to   an unexpected employment termination.

 

 

·          Mitigate any potential employer liability   and avoid future disputes or litigation; retain and encourage our NEOs to   remain focused on our business and the interests of our stockholders when   considering strategic alternatives. | ·        The employment of our NEOs is “at will,”   meaning we can terminate them at any time and they can terminate their   employment with us at any time.

 

 

·        Severance arrangements should be designed   to: (i) provide reasonable compensation to executive officers who leave our   Company under certain circumstances to facilitate their transition to new   employment and (ii) require a departing executive officer to sign a   separation and release agreement acceptable to us as a condition to receiving   post-employment compensation payments or benefits.

 

·        “Double-trigger” provisions preserve morale   and productivity, and encourage executive retention in the event of a change   of control.

 

·        These provisions are considered a typical   component of a competitive executive compensation program for executives   among our peer companies.

 

·        Transition arrangements should be designed retain and incentivize   executive officers until a successor is found and to ensure a smooth   transition. | ·     *Executive Severance Plan*

Provides for cash severance and other   benefits where the individual’s employment is terminated without cause   outside of the change in control context, contingent on a release.

* *

·     *Executive Retention Plan*

Provides for double trigger acceleration of   vesting of equity awards and cash severance benefits where the individual’s   employment is terminated without cause, or is constructively terminated,   within 12 months after a change in control, contingent on a release; no   “golden parachute” excise tax gross-ups.

* *

·     *Nicholas R. Noviello’s   Transition Services Agreement*

Provides for certain transition and   severance benefits, including continued vesting and participation in FY19   EAIP and severance benefits in the event of an earlier termination of   employment. |

 

Details of each individual NEO’s severance payments and benefits and Nicholas R. Noviello’s Transition Services Agreement, including estimates of amounts payable in specified circumstances in effect as of the end of FY19, are disclosed under “Potential Payments Upon Termination or Change-in-Control” below.

 

33

----

Table of Contents

 

**Key Compensation and Governance Policies**

 

| **Policy**                                  | **Considerations**                                                                                                                                                                                                                                                                                                                           | **Material    Features**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *Stock Ownership Guidelines*                | ·       Promote stock ownership in the Company. 

·       More closely align the interests of our NEOs   with those of our stockholders.                                                                                                                               | ·                   6x base salary for CEO.

·                   CFO and President, 3x base salary.

·                   Executive Vice Presidents, 2x base salary.

·                   4 years from executive officer designation   to comply.

·                   During 4-year transition period, must retain   at least 50% of net-settled equity award shares until ownership requirement   is met.

·                   Includes shares owned outright, excludes   stock options and unvested RSUs and PRUs.

·                   As of June 14, 2019,   three NEOs have reached ownership requirements. 

  |
| * *                                    |                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| *Anti-Hedging and Anti-Pledging   Policies* | ·      Permitting hedging is viewed as a poor pay program practice, as it   insulates executives from stock price movement and reduces alignment with   stockholders.

·      Pledging raises potential risks to stockholder value, particularly   if the pledge is significant. | ·                   No employee, officer or director may   acquire, sell or trade in any interest or position relating to the future   price of the Company's securities, such as a put option, a call option or a   short sale.

·                   Waiver granted for Mr. Feld to exercise   forward contracts that were in existence before he became a board member.

·                   Covered persons are prohibited from holding   company securities in a margin account or pledging Company securities as   collateral for a loan.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| * *                                    |                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| *Insider   Trading Policy*                  | ·      Prohibit insiders from taking advantage of material non-public   information.                                                                                                                                                                                                                           | ·                   Prohibits the purchase or sale of securities   while in possession of material non-public information.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| * *                                    |                                                                                                                                                                                                                                                                                                                                         | ·                   Directors, CEO, President and CFO must   conduct any open market sales of our securities only through use of Rule   10b5-1 stock trading plans.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| * *                                    |                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| *Clawback Policy*                           | ·      Permit us to recoup performance-based cash and equity awards when   such awards were not properly earned or when executives have engaged in   inappropriate actions                                                                                                                                     | ·                   Applies to all executive officers.

·                   Allows recoupment of performance-based cash   and equity awards if (i) we are required to restate our financial statements   due to fraud or intentional misconduct or (ii) an executive officer violates   certain Company policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

 

34

----

Table of Contents

 

**2020 Interim President and CEO and 2020 CFO Compensation**

 

The compensation packages for our new Interim CEO and new CFO were approved by our Compensation Committee in May 2019 and are described in the table below.

 

| **Interim President and CEO   Compensation** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Compensation   Element**                   | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | **Rationale** |
| Base Salary                                  | ·           $1,000,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | ·             Identical to former CEO and in line with   peers. |
|                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| Annual Cash   Incentive                      | ·           150% of base salary

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | ·             Tracks our past practice of compensation for   CEO under the EAIP. |
|                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| Long-term   Incentive                        | ·           $1.2 million RSU award.

·           Performance stock option to purchase stock   with an aggregate value equal to $18 million for maximum performance and $9   million for target performance.

                                                                                                                                                                                                                                                                                                                                     | ·             Smaller time-based award to vest over 12   months to promote retention and align interests with those of stockholders as   the value of the award is correlated to our stock price.

·             Special one-time new hire grant to focus   executive on two key metrics: non-GAAP operating income margin and non- GAAP   revenue.

  |
| Benefits                                     |  

·          Pro-rata vesting of RSU if Mr. Hill is not   the CEO immediately prior to a change in control.

·          Double trigger vesting of option if Mr. Hill   is the CEO immediately prior to a change in control with performance deemed   achieved at target levels.

·          Full vesting if option is not assumed or   substituted in the event of a change in control

 

·          $40,000 monthly stipend for travel.

  | ·             Change in control protection provisions help   Mr. Hill focus on what is best for stockholders by making him neutral to a   potential transaction.

·             Mr. Hill is not eligible to participate in   the Symantec Executive Severance Plan and the Symantec Executive Retention   Plan.

 

 

 

 

 

·             Monthly travel stipend to be used for his   travel and housing accommodations that are not otherwise covered by our   business expense policies. |

 

 

| **CFO   Compensation**     |
|----------------------------|
| **Compensation   Element** | **Description** | **Rationale** |
| Base Salary                | ·             $650,000 | ·       Identical   to former CFO and in line with peers. |
|                       |   |   |
| Annual Cash   Incentive    | ·             100% of base salary.

  | ·       Tracks Company’s   past practice of compensation for CEO under the EAIP. |
|                       |   |   |
|                       |   | ·       One-time sign on bonus in line with Company   and peer practices.

  |
|                       |   |   |
| Long-term   Incentive      | ·             $9 million new hire award (30% RSUs/70%   PRUs)

·             $5 million long-term equity award (30% RSUs/70%   PRUs).

·             Restricted shares equal to $3 million   for purchase of $10 million in Company stock on the open market. | ·       Long-term equity grant similar to grants   made to former CFOs.

 

·       One-time grant to encourage executive’s investment in the Company and   alignment with stockholders.  Executive   received a $3 million restricted share grant upon the purchase of $10 million   in the open market, with vesting on the $3 million grant over 3 years. |
|                       |   |   |
| Benefits                   | ·             Participate in Executive Severance Plan and Executive   Retention Plan. | ·       Similar to   treatment of other executives. |

 

35

----

Table of Contents

 
| ***General   Approach to Determining Compensation***

*** ***

***Compensation Committee Decision Process***

*** ***

The   Compensation Committee oversees the compensation of our NEOs and our   executive compensation program and initiatives. The Compensation Committee   typically reviews executive officer compensation, including base salary,   short-term incentives and long-term incentives, in the first half of each   fiscal year, to understand competitive market compensation levels and   practices based on the most recently completed year. In connection with this   review, the Compensation Committee considers any input it may receive from   our CEO in evaluating the performance of each executive officer and sets each   executive officer’s total target direct compensation for the current year   based on this review and the other factors described below.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| We have based most, if not all, of our prior   compensation determinations, including those made for FY19, on a variety of   factors, including:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|  

·                  A focus on pay-for-performance

·                  A total rewards approach

·                  An appropriate pay mix

·                  Avoidance of compensation arrangements that encourage excessive   or inappropriate risk taking by our executives

·                  Appropriate market   positioning

·                  In the case of   equity awards, burn rate and dilution

·                  Company performance and individual performance

·                  The Company’s financial condition and available resources

·                  The accounting and   cash flow implications of various forms of executive compensation

·                  Our need for a particular position to be filled

·                  The recommendations of our CEO (other than with respect to his own   compensation) |

 

As discussed under “Role of Compensation Consultant” below, for FY19, the Compensation Committee engaged a compensation consultant and once again conducted a formal benchmarking review. In establishing compensation for executive officers other than our CEO, the Compensation Committee gives weight to the recommendations of our CEO, but final decisions about the compensation of our NEOs are made by our Compensation Committee.

 

From time to time, special business conditions may warrant additional compensation, such as sign-on bonuses, or equity awards in connection with promotions or in recognition of significant accomplishments, to attract, retain or motivate executive officers. In these situations, we consider our business needs and the potential costs and benefits of special rewards.

 

***Role of Compensation Consultant***

 

The Compensation Committee generally retains an independent compensation consultant to help understand competitive compensation levels and incentive designs. The independent compensation consultant is solely hired by, and reports directly to, the Compensation Committee. The Compensation Committee has sole authority to retain and terminate the independent compensation consultant.  At the Compensation Committee’s discretion, the independent compensation consultant:

 

·                  attends Compensation Committee meetings;

·                  assists the Compensation Committee in determining peer companies and evaluating compensation proposals;

 

36

----

Table of Contents

 

·                  assists with the design of incentive compensation programs; and

·                  conducts compensation-related research.

 

In January 2019, the Compensation Committee replaced Mercer with Compensia as its compensation consultant.

 

***Competitive Market Assessments***

 

Market competitiveness is one factor that the Compensation Committee considers each year in determining a NEO’s overall compensation package, including pay mix. The Compensation Committee relies on various data sources to evaluate the market competitiveness of each pay element, including publicly-disclosed data from a peer group of companies and published survey data from both the peer group companies and a broader set of information technology companies that the Compensation Committee believes represent our competition in the broader talent market, based on the advice of Mercer and Compensia, outside consulting firms engaged by the Compensation Committee during FY19. The proxy statements of peer group companies provide detailed pay data for the highest-paid executives. Survey data, which we obtain from the Radford Global Technology Survey, provides compensation information on a broader group of executives, with positions matched based on specific job scope and responsibilities. The Compensation Committee considers data from these sources as a framework for making compensation decisions for each NEO’s position.

 

The Compensation Committee reviews our peer group on an annual basis, with input from its compensation consultants, and the group may be adjusted from time to time based on, among other factors, a comparison of revenues, market capitalization, industry, peer group performance, merger and acquisition activity and stockholder input. The Compensation Committee evaluated our peer group for FY19 and determined to keep the companies otherwise the same as the peer group for FY18. The following criteria were used to select our peer group for evaluating named executive officer pay levels in connection with setting compensation for FY19:

 

·                  Business with software development focus including security related businesses where possible;

·                  Similar breadth, complexity and global reach as us; and

·                  Annual revenue 0.5x to 2.0x as a starting point but including companies based on an assessment of overlapping geography, engineering focus and executive talent competition.

 

The Compensation Committee selected the following companies as our FY19 peer group:

 

|                             | **FY19   Symantec Peer Group** |                      |
|-----------------------------|--------------------------------|----------------------|
| Activision Blizzard,   Inc. | eBay Inc.                      | Red Hat Inc.         |
| Adobe Systems Incorporated  | Electronic Arts Inc.           | Salesforce.com, Inc. |
| Autodesk, Inc.              | FireEye, Inc.                  | Synopsys, Inc.       |
| Akamai Technologies Inc.    | Intuit Inc.                    | VMware, Inc.         |
| CA, Inc.                    | Palo Alto Networks Inc.        |                      |
| Citrix Systems, Inc.        | PayPal Holdings, Inc.          |                      |

 

Toward the end of FY19, the Compensation Committee again reviewed our peer group for FY20 and made certain changes based on the following criteria:

 

·      Focus on software development, or software and engineering-driven companies

·      Compete with Symantec for talent

·      Are generally comparable in terms of complexity and global reach

·      Are generally comparable in terms of size (~0.3x – 2.0x revenue, greater variability in market cap)

 

37

----

Table of Contents

 

The Compensation Committee selected the following companies as our FY20 peer group:

 
|                                | **FY20   Symantec Peer Group** |                     |
|--------------------------------|--------------------------------|---------------------|
| Akamai   Technologies Inc.     | F5   Networks Inc.*            | Proofpoint   Inc.*  |
| Autodesk,   Inc.               | FireEye,   Inc.                | Red Hat   Inc.      |
| CA, Inc.                       | Fortinet,   Inc.*              | ServiceNow,   Inc.* |
| Cadence   Design Systems Inc.* | Intuit   Inc.                  | Splunk   Inc.*      |
| Citrix   Systems, Inc.         | Juniper Networks   Inc.*       | Synopsys,   Inc.    |
| eBay   Inc.                    | NetApp,   Inc.*                | VMware,   Inc.      |
| Electronic   Arts Inc.         | Palo   Alto Networks Inc.      |                |

 

----

* Newly added.

 

Activision Blizzard, Adobe, PayPal Holdings and salesforce.com were also removed from our FY20 peer group to better align our peer group with the appropriate Company revenue and market cap size.

 

**Compensation Risk Assessment**

 

The Compensation Committee, in consultation with Compensia, has conducted its annual risk analysis of Symantec’s compensation policies and practices, and does not believe that our compensation programs encourage excessive or inappropriate risk taking by our executives or are reasonably likely to have a material adverse effect on Symantec.

 

We believe that the design and objectives of our executive compensation program provide an appropriate balance of incentives for our NEOs, thereby discouraging them from taking inappropriate risks. Among other things, our executive compensation program includes the following design features:

 

·                  A balanced mix of cash and equity; as well as appropriately balanced fixed (base salary) and variable compensation (cash incentives and equity-based awards)

·                  A mix of short-term and long-term incentives, with short-term incentives currently representing a significantly lower proportion of the total mix

·                  Cash and equity incentives solely based on achieving Company performance objectives and subject to our “claw-back” right under certain circumstances

·                  Caps on annual cash incentive and PRU payouts

·                  Stock ownership guidelines which align the interests of our executive officers with those of our stockholders

·                  General alignment with prevalent low-risk pay practices

 

**Burn Rate and Dilution**

 

We closely manage how we use our equity to compensate employees. We think of “gross burn rate” as the total number of shares granted under all of our equity incentive plans during a period divided by the weighted average number of shares of common stock outstanding during that period and expressed as a percentage. We think of “net burn rate” as the total number of shares granted under all of our equity incentive plans during a period, minus the total number of shares returned to such plans through awards cancelled during that period, divided by the weighted average number of shares of common stock outstanding during that period, and expressed as a percentage. “Overhang” we think of as the total number of shares underlying options and awards outstanding plus shares available for issuance under all of our equity incentive plans at the end of a period divided by the weighted average number of shares of common stock outstanding during that period and expressed as a percentage. The Compensation Committee determines the percentage of equity to be made available for our equity programs with reference to the companies in our market composite. In addition, the Compensation Committee considers the accounting costs that will be reflected in our financial statements when establishing the forms of equity to be granted and the size of the overall pool available. For fiscal 2019, our gross burn rate was 3.08%, our net burn rate was 2.51% and our overhang was 9.97%.  In fiscal 2019, our burn rate was significantly higher than prior years primarily due to the lower stock prices used to convert the grant values into numbers of shares and the high number of shares vested and released under the FY17 PRU grants.

 

38

----

Table of Contents

 

**Independence of Compensation Consultants**

 

We paid Mercer approximately $358,500 for executive compensation services in FY19 and Compensia approximately $124,920 for executive compensation services in FY19. In addition, management engaged and Symantec paid Mercer and Compensia and its affiliates for other services, including approximately $3.592 million to Mercer for other unrelated consulting and business services. We also reimbursed Mercer and Compensia and its affiliates for reasonable travel and business expenses. The Compensation Committee did not review or approve the other services provided by Mercer or Compensia and its affiliates to Symantec, as those services were approved by management in the normal course of business within the scope of the Compensation Committee’s pre-authorization for such services. Based in part on policies and procedures implemented by Mercer and Compensia to ensure the objectivity of its executive compensation consultants and the Compensation Committee’s assessment of Mercer’s independence pursuant to the SEC rules, the Compensation Committee concluded that the consulting advice it receives from Mercer is objective and not influenced by Mercer and its affiliates’ other relationships with Symantec and that no conflict of interest exists that will prevent Mercer from being independent consultants to the Compensation Committee.

 

The Compensation Committee establishes our compensation philosophy, approves our compensation programs and solicits input and advice from several of our executive officers and Mercer. As mentioned above, our CEO provides the Board and the Compensation Committee with feedback on the performance of our executive officers and makes compensation recommendations (other than with respect to his own compensation) that go to the Compensation Committee for their approval. Our CEO, Chief Human Resources Officer and General Counsel regularly attend the Compensation Committee’s meetings to provide their perspectives on competition in the industry, the needs of the business, information regarding Symantec’s performance and other advice specific to their areas of expertise. In addition, at the Compensation Committee’s direction, Mercer works with our Chief Human Resources Officer and other members of management to obtain information necessary for Mercer to make their own recommendations as to various matters as well as to evaluate management’s recommendations.

 

**Equity Grant Practices**

 

The Compensation Committee generally approves grants to the named executive officers at its first meeting of each fiscal year, or shortly thereafter through subsequent action. The grant date for all equity grants made to employees, including the named executive officers, is generally the 10th day of the month following the applicable meeting. If the 10th day is not a business day, the grant is generally made on the previous business day. The Compensation Committee does not coordinate the timing of equity awards with the release of material, nonpublic information. RSUs may be granted from time to time throughout the year, but all RSUs generally vest on either March 1, June 1, September 1 or December 1 for administrative reasons. We expect future PRUs will be granted once a year and, subject to certain exceptions, vesting occurs only after a two- or three-year performance period.

 

**SUPPLEMENTARY POLICIES AND CONSIDERATIONS**

 

We use several additional policies to ensure that the overall compensation structure is responsive to stockholder interests and competitive with the market. Specific policies include:

 

**Stock Ownership Requirements**

 

We believe that in order to align the interests of our executive officers with those of our stockholders, our executive officers should have a financial stake in our company. We have maintained stock ownership requirements for our executive officers since October 2005. For FY19, our executive officers were required to hold the following minimum number of shares:

 

·      CEO: 6x base salary;

·      CFO, COO and President: 3x base salary; and

·      Executive Vice Presidents: 2x base salary.

 

Stock options and unvested RSUs and PRUs do not count toward stock ownership requirements.

 

The executive officer is required to acquire and thereafter maintain the stock ownership required within four years of becoming an executive officer of Symantec (or four years following the adoption date of these revised guidelines). During the four-year transitional period, each executive officer must retain at least 50% of all net (after-tax) equity grants until the required stock ownership level has been met.

 

As of June 14, 2019, Messrs. Kapuria, Pilette and Taylor reached the stated ownership requirements for FY19. Messrs. Hill and Gilliland have until fiscal 2023 to meet the stated thresholds.  Former executive officers and non-executive officers

 

39

----

Table of Contents

 

are not included in the table below.  See the table below for individual ownership levels relative to the executive’s ownership requirement.

 
| **Executive Officer**       | ** ** | **Ownership   Requirement****(1)****(# of shares)** | ** ** | **Holdings as of   June 14, 2019   (# of shares)** | ** ** |
|----------------------------------|------------|---------------------------------------------------------------|------------|----------------------------------------------------------------------------------|------------|
| Richard S. “Rick” Hill |       | 309,917                                                       |       | 12,202                                                                           |       |
| Scott C. Taylor                  |       | 61,983                                                        |       | 407,957                                                                          |       |
| Art Gilliland                    |       | 72,314                                                        |       | —                                                                           |       |
| Samir Kapuria                    |       | 46,488                                                        |       | 244,781                                                                          |       |
| Vincent Pilette                  |       | 100,723                                                       |       | 630,477                                                                          |       |

 

----

(1)                     Based on the closing price for a share of our common stock of $19.36 on June 14, 2019.

 

**Recoupment Policies (Clawback)**

 

In 2017, we adopted a recoupment, or “clawback”, policy applicable to all performance-based compensation granted to the Company’s officers (even after they leave Symantec). In August 2018, our Board further expanded this clawback policy to allow for recoupment for certain violations of the Company’s policies. This updated policy supplements the contractual clawback rights we have had in all of our executive compensation plans since fiscal 2009 (providing for the return of any excess compensation received by an executive officer if our financial statements are the subject of a restatement due to error or misconduct).

 

**Insider Trading, Hedging and Pledging Policies**

 

Our Insider Trading Policy prohibits all directors and employees from short-selling Symantec stock or engaging in transactions involving Symantec-based derivative securities, including, but not limited to, trading in Symantec-based option contracts (for example, buying and/or writing puts and calls). It also prohibits pledging Symantec stock as collateral for a loan. Notwithstanding this policy, the Board granted a waiver from the prohibition against transactions with respect to derivative securities for Mr. Feld and Starboard solely for the purpose of enabling Starboard to exercise the forward contracts that were in existence before Mr. Feld was appointed to the Board and that were described in Starboard’s Schedule 13D with respect to the Company filed with the SEC on August 16, 2018. The grant of this waiver was conditioned upon Mr. Feld’s and Starboard’s compliance with all applicable laws and all other provisions of our Insider Trading Policy in connection with such derivative securities transactions.

 

In addition, our Insider Trading Policy prohibits our directors, officers, employees and contractors from purchasing or selling Symantec securities while in possession of material, non-public information. It also requires that each of our directors, our Chief Executive Officer, our President, and our Chief Financial Officer conduct any open market sales of our securities only through use of stock trading plans adopted pursuant to Rule 10b5-1 of the Exchange Act. Rule 10b5-1 allows insiders to sell and diversify their holdings in our stock over a designated period by adopting pre-arranged stock trading plans at a time when they are not aware of material nonpublic information about us, and thereafter sell shares of our common stock in accordance with the terms of their stock trading plans without regard to whether or not they are in possession of material nonpublic information about the Company at the time of the sale. All other executives are strongly encouraged to trade using Exchange Act Rule 10b5-1 plans.

 

**Tax and Accounting Considerations on Compensation**

 

The financial reporting and income tax consequences to the Company of individual compensation elements are important considerations for the Compensation Committee when it reviews compensation practices and makes compensation decisions. While structuring compensation programs that result in more favorable tax and financial reporting treatment is a general principle, the Compensation Committee balances these goals with other business needs that may be inconsistent with obtaining the most favorable tax and accounting treatment for each component of its compensation.

 

***Deductibility by Symantec.*** Section 162(m) of the Code generally disallows public companies a tax deduction for federal income tax purposes of remuneration in excess of $1 million paid to certain executive officers. While the Compensation Committee may consider the deductibility of awards as one factor in determining our executive compensation, it also looks at other factors in making its executive compensation decisions and retains the flexibility to grant awards or pay compensation the Compensation Committee determines to be consistent with its goals for Symantec’s executive compensation program, even if the awards may not be deductible by Symantec for tax purposes.

 

40

----

Table of Contents

 

RecentchangestoSection 162(m) inconnectionwiththepassageoftheTaxCutsandJobsActrepealedtheexceptiontothedeductibilitylimitthatwerepreviouslyavailablefor“qualifiedperformance-basedcompensation”(includingstockoptiongrants,performance-basedcashandequityawards,suchasperformance-basedrestrictedstockunits)effectivefortaxableyearsbeginningafterDecember 31,2017.CompensationpaidtocertainofourexecutiveofficersfortaxableyearsbeginningpriortoDecember 31,2017remainsdeductibleifsuchcompensationwouldotherwisebedeductibleforsuchtaxableyear.TheTaxCutsandJobsActalsoincreasedthenumberofexecutiveofficerswhoareaffectedbythelossofdeductibilityeffectivefortaxableyearsbeginningafterDecember 31,2017.Asaresult,anycompensationpaidtocertainofourexecutiveofficersfortaxableyearsbeginningafterDecember 31,2017inexcessof$1 millionwillbe non-deductible unlessitqualifiesfortransitionreliefaffordedbytheTaxCutsandJobsActtocompensationpayablepursuanttocertainbindingarrangementsineffectonNovember 2,2017.

 

***Tax Implications for Officers.*** Section 409A of the Code imposes additional income taxes on executive officers for certain types of deferred compensation that do not comply with Section 409A. The Company attempts in good faith to structure compensation so that it either conforms with the requirements of or qualifies for an exception under Code Section 409A. Sections 280G and 4999 of the Code imposes an excise tax on payments to executives of severance or change of control compensation that exceed the levels specified in the Section 280G rules. Our named executive officers could receive the amounts shown in the section entitled “Potential Payments Upon Termination or Change-in-Control” (beginning on page 49 below) as severance or change of control payments that could implicate this excise tax. As mentioned above, we do not offer our officers as part of their change of control benefits any gross ups related to this excise tax under Code Section 4999.

 

***Accounting Considerations.*** The Compensation Committee also considers the accounting and cash flow implications of various forms of executive compensation. In its financial statements, the Company records salaries and cash-based performance-based compensation incentives as expenses in the amount paid, or estimated to be paid, to the named executive officers. Accounting rules also require the Company to record an expense in its financial statements for equity awards, even though equity awards are not paid in cash to employees. The accounting expense of equity awards to employees is calculated in accordance with the requirements of FASB Accounting Standards Codification Topic 718. The Compensation Committee believes, however, that the many advantages of equity compensation, as discussed above, more than compensate for the non-cash accounting expense associated with them.

 

**Compensation Committee Interlocks and Insider Participation**

 

The members of the Compensation Committee during FY19 were Sue Barsamian, Frank Dangeard, Peter Feld, Geraldine B. Laybourne, David L. Mahoney, Robert S. Miller and Daniel H. Schulman. None of the members of the Compensation Committee in FY19 were at any time during FY19 or at any other time an officer or employee of Symantec or any of its subsidiaries, and none had or have any relationships with Symantec that are required to be disclosed under Item 404 of Regulation S-K. None of Symantec’s executive officers has served as a member of the board of directors, or as a member of the compensation or similar committee, of any entity that has one or more executive officers who served on our Board or Compensation Committee during FY19.

 

**Compensation Committee Report**

 

*The information contained in the following report is not considered to be “soliciting material,” “filed” or incorporated by reference in any past or future filing by Symantec under the Exchange Act or the Securities Act of 1933 unless and only to the extent that Symantec specifically incorporates it by reference.*

 

The Compensation Committee has reviewed and discussed with management the CD&A contained in this Annual Report on Form 10-K. Based on this review and discussion, the Compensation Committee has recommended to the Board that the CD&A be included in this Annual Report on Form 10-K for the fiscal year ended March 29, 2019.

 

By: The Compensation and Leadership Development Committee of the Board:

 

Peter A. Feld (Chair)

Sue Barsamian

Frank E. Dangeard

David Mahoney

 

41

----

Table of Contents

 

**Summary of Compensation**

 

The following table shows for the fiscal year ended March 29, 2019, compensation awarded to or paid to, or earned by our Chief Executive Officer, our Chief Financial Officer and the three most highly compensated executive officers who were serving as executive officers (other than as our Chief Executive Officer or Chief Financial Officer) at the end of FY19 (the “named executive officers”).

 
| ** **                                                                                                 | ** ** | **Summary Compensation Table for Fiscal 2019** | ** ** |
|------------------------------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------|------------|
| **Name and Principal   Position**                                                                | ** ** | **Fiscal   Year**                                                       | ** ** | **Salary   ($)** | ** ** | **Bonus   ($)** | ** ** | **Stock   Awards   ($)****(1)(2)(3)** | ** ** | **Option   Awards   ($)** | ** ** | **Non-Equity   Incentive Plan   Compensation   ($)** | ** ** | **All Other   Compensation   ($)**** (4)** | ** ** | **Total ($)** | ** ** |
|                                                                                                       |       |                                                                    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gregory S. Clark Former President and CEO*                                                                 |       | 2019                                                                    |       | 1,000,000 |   | — |   | — | (5) | — |   | — |   | 1,921,039 |   | 2,921,038 |   |
|                                                                                                       | 2018       |                                                                    | 1,000,000  |   | — |   | 15,982,645 |   | — |   | — |   | 364,936 |   | 17,347,581 |   |
|                                                                                                       | 2017       |                                                                    | 666,667    |   | — |   | 4,269,815 | (6) | — |   | 743,333 |   | 379,937 |   | 6,059,752 |   |
| Nicholas R. Noviello Former Executive Vice   President and CFO**                                           |       | 2019                                                                    |       | 650,000 |   | 1,000,000 |   | 10,706,470 | (7) | — |   | — |   | 943,325 |   | 13,299,795 |   |
|                                                                                                       | 2018       |                                                                    | 650,000    |   | — |   | 7,458,549 |   | — |   | — |   | 47,606 |   | 8,156,155 |   |
|                                                                                                       | 2017       |                                                                    | 433,333    |   | — |   | 1,077,917 | (6) | — |   | 479,673 |   | 172,740 |   | 2,163,663 |   |
| Amy L. Cappellanti-Wolf. Senior Vice   President and CHRO                                                  |       | 2019                                                                    |       | 440,000 |   | — |   | 3,462,911 |   | — |   | — |   | 558,163 |   | 4,461,075 |   |
| Samir Kapuria Executive Vice President and   GM, Consumer Business Unit & Cyber Security Services |       | 2019                                                                    |       | 443,864 | (8) | — |   | 10,311,650 |   | — |   | — |   | 220,667 |   | 10,976,180 |   |
| Scott C. Taylor Executive Vice President,   General Counsel and Secretary                                  |       | 2019                                                                    |       | 600,000 |   | — |   | 4,672,177 |   | — |   | — |   | 871,628 |   | 6,143,804 |   |
|                                                                                                       | 2018       |                                                                    | 600,000    |   | — |   | 4,794,772 |   | — |   | — |   | 621,788 |   | 6,016,560 |   |
|                                                                                                       | 2017       |                                                                    | 600,000    |   | 150,000 |   | 4,831,307 | (6) | — |   | 568,374 |   | 363,462 |   | 6,513,143 |   |

 

----

*   Mr. Clark resigned from the Company, effective May 9, 2019.

** Mr. Noviello resigned from the Company, effective May 24, 2019.

 

(1)             The amounts shown in this column reflect the aggregate grant date fair value of RSUs and PRUs, calculated in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718 and was determined based on the fair value of our common stock as of the service inception date or on the date of modification. For details of the awards granted in FY19, see the table “Grants of Plan-Based Awards”, below.

 

The table below sets forth the service inception or grant date fair value (prior to any applicable modifications) determined in accordance with ASC Topic 718 principles for the performance-related components of these awards. Also set forth below are the service inception or grant date fair values pertaining to the market-related component or the TSR adjustment, determined upon the service inception dates for FY19, and which are not subject to probable or maximum outcome assumptions. Additional details of assumptions used in the valuations of the awards are included in Note 13 of our FY19 Annual Report on Form 10-K.

 
| **Name**                | ** ** | **Maximum Outcome of   Performance   Conditions Fair Value ($)** | ** ** | **Market-Related Component   Fair Value ($)** | ** ** |
|-------------------------|------------|-------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------|------------|
| Nicholas R. Noviello    |       | 6,554,404                                                                                 |       | 1,548,062                                                    |       |
| Amy L. Cappellanti-Wolf |       | 2,244,367                                                                                 |       | 546,657                                                      |       |
| Samir Kapuria           |       | 6,801,015                                                                                 |       | 1,656,576                                                    |       |
| Scott C. Taylor         |       | 4,213,571                                                                                 |       | 995,168                                                      |       |

 

42

----

Table of Contents

 

(2)             The FY19 PRUs are based on three different performance metrics with one- or three-year performance periods, depending on the metric.  The PRUs with the Earnings Per Share (“EPS”) metric are eligible to be earned if we achieve at least the threshold level of the EPS performance goal for the one-year performance period ended March 29, 2019. The PRUs with the Free Cash Flow (“FCF”) metric are eligible to be earned if we achieve at least the threshold level of the FCF performance goal for the one-year performance period ended March 29, 2019.  The PRUs with the TSR metric are eligible to be earned if we achieve at least the threshold level of the TSR performance goal for the three-year performance period ending April 2, 2021. Depending on our achievement of the ESP metric, 0% to 200% of the target shares are eligible to be earned of which: (i) 60% is eligible for settlement at the end of FY19 and the remaining 40% is eligible for settlement at the end of FY20 for Ms. Cappellanti-Wolf and Mr. Kapuria; or (ii) 100% is eligible for settlement at the end of FY20 for Messrs. Noviello and Taylor. Depending on our achievement of the FCF metric, 0% to 200% of the target shares are eligible to be earned of which: (i) 60% is eligible for settlement at the end of FY19 and the remaining 40% is eligible for settlement at the end of FY20 for Ms. Cappellanti-Wolf and Mr. Kapuria and (ii) 100% is eligible for settlement at the end of FY20 for Messrs. Noviello and Taylor. Depending on our achievement of the TSR metric, 0% to 200% of the target shares are eligible to earned and settled at the end of fiscal year 2021. Mr. Noviello’s awards were subsequently modified based on the terms of the Transition Services Agreement dated January 31, 2019, and described more fully in footnote 7 below.

 

Additional terms and conditions apply that may affect the actual number of shares that vest or are settled, which include, among other things, a change in control of the Company, the named executive officer’s termination of employment and the nature of such termination, the Compensation Committee’s authority to exercise negative discretion to reduce up to 50% of the number of shares to be delivered, and the Company’s Compensation Recoupment Policy.

 

(3)             The FY19 amounts represent the executive officer’s annual cash incentive award under the FY19 Executive Annual Incentive Plan (“FY19 EAIP”), which was earned in FY19 and paid in FY20. Ms. Cappellanti-Wolf and Messrs. Kapuria and Taylor’s FY19 EAIP amounts were settled in RSUs with a grant date of May 20, 2019 and were fully vested on June 1, 2019.  Mr. Noviello received his FY19 EAIP payment in cash at 75% of target pursuant to the terms of the Transition Services Agreement (see page 51 for additional information regarding this arrangement).  Mr. Clark was not employed by us at the time the FY19 EAIP was paid out and did not receive any payout.

 

(4)             The FY19 amounts are comprised of the following:

 
| **Name**                | ** ** | **Dividend   Equivalent   on Stock   Awards   ($)** | ** ** | **401(k)   Employer   Match ($)** | ** ** | **Life &   Disability   Insurance   Premiums ($)** | ** ** | **Tax   Planning   Services ($)** | ** ** | **Car and   Driver ($)** | ** ** | **Personal   Use of   Aircraft ($)** | ** ** | **Patent   Award ($)** | ** ** | **Company-   Sponsored   Events ($)** | ** ** | **Severance   Payments** | ** ** | **Total ($)** | ** ** |
|-------------------------|------------|----------------------------------------------------------|------------|----------------------------------------|------------|------------------------------------------------------------------|------------|----------------------------------------|------------|------------------------------------|------------|------------------------------------------------|------------|-----------------------------|------------|--------------------------------------------|------------|--------------------------|------------|--------------------|------------|
| Gregory S. Clark        |       | 1,706,830                                                |       | 6,000                                  |       | 3,002                                                            |       | —                                 |       | 200,446                            |       | 4,761                                          |       | —                      |       | —                                     |       | —                   |       | 1,921,039          |       |
| Nicholas R. Noviello    |       | 441,435                                                  |       | 6,000                                  |       | 3,390                                                            |       | 5,000                                  |       | —                             |       | —                                         |       | —                      |       | —                                     |       | 487,500                  |       | 455,825            |       |
| Amy L. Cappellanti-Wolf |       | 533,137                                                  |       | 6,000                                  |       | 3,629                                                            |       | 15,397                                 |       | —                             |       | —                                         |       | —                      |       | —                                     |       | —                   |       | 558,163            |       |
| Samir Kapuria           |       | 181,735                                                  |       | 6,525                                  |       | 1,467                                                            |       | 1,040                                  |       | —                             |       | —                                         |       | 2,000                       |       | 27,900                                     |       | —                   |       | 220,667            |       |
| Scott C. Taylor         |       | 856,724                                                  |       | 4,875                                  |       | 4,704                                                            |       | 5,325                                  |       | —                             |       | —                                         |       | —                      |       | —                                     |       | —                   |       | 871,628            |       |

 

(5)             Mr. Clark did not receive a FY19 equity award as part his regular executive compensation package.  Mr. Clark was not employed by us at the time the FY19 EAIP was paid out and did not receive any payout.

 

(6)             We adjusted the performance metrics under our FY17 PRU grants on March 8, 2017 to reflect both the impact of the acquisitions of Blue Coat and LifeLock on the FY17 financial plan and to account for the transformational impact on our business of our cost and complexity reduction initiatives. The incremental modification charges were based on the Company’s stock price on the date of the modification ($29.60) multiplied by the incremental expected achievement percentage multiplied by the number of granted units. Volatility and interest rate were not factors. As a result of these adjustments, incremental fair values of the modified awards are included in the Stock Awards column above and further described in the table below.

 
| ** **           | ** ** | **2017 PRU Stock Awards**        | ** ** |
|----------------------|------------|-------------------------------------------------|------------|
| **Name**             | ** ** | **FY17 PRU   Modification   Charge   ($)** | ** ** | **FY17 PRU Total (Without   Modification   Charges)   ($)** | ** ** |
| Gregory S. Clark     |       | 4,269,815                                       |       | — |   |
| Nicholas R. Noviello |       | 1,077,917                                       |       | — |   |
| Scott C. Taylor      |       | 735,775                                         |       | 3,602,644 |   |

 

For Messrs. Clark and Noviello, these amounts represent the incremental fair values of modified PRUs that were granted prior to and assumed by us at the closing of the Blue Coat acquisition. Under SEC rules, we are required to disclose in the Stock Awards column the grant date fair value of each equity award computed in accordance with ASC 718. However, no grant date fair value was recorded by Symantec for these awards in accordance with ASC 718 because they were awarded by Blue Coat’s board of directors prior to the closing of the Blue Coat acquisition. As a result, the amounts reported in the Stock Awards column above may understate the compensation awarded to these executive officers for FY17 because they do not include any grant date fair value for such awards.

 

(7)             On January 31, 2019, the Company announced that Mr. Noviello was stepping down from his role as Executive Vice President and CFO and entered into a Transition Services Agreement with Mr. Noviello pursuant to which Mr. Noviello would provide certain transition services to the Company. The agreement provided for, among other things, a FY19 retention bonus of $1,000,000 and modified certain of his stock awards which resulted in incremental fair value of the modified stock awards. The following table includes the incremental fair value of the stock awards modified by the

 

43

----

Table of Contents

 

Transition Service Agreement for FY19, calculated in accordance with FASB ASC Topic 718.  For more information on the Transition Services Agreement, see “Potential Payments Upon Termination or Change-In-Control,” below.

 
| **Grant Date** | ** ** | **Award Type** | ** ** | **Modified Stock Units (#)** | ** ** | **Modification Date Fair   Value per share ($)** | ** ** | **Incremental Fair Value on   Modification Date ($)** | ** ** |
|---------------------|------------|---------------------|------------|---------------------------------------------|------------|---------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------|------------|
| 12/10/2018          |       | FY19 EPS            |       | 74,212                                      |       | 21.02                                                                     |       | 1,559,936                                                                      |       |
| 12/10/2018          |       | FY19 FCF            |       | 74,212                                      |       | 21.02                                                                     |       | 1,559,936                                                                      |       |
| 6/9/2017            |       | FY18 PRU            |       | 31,139                                      |       | 21.02                                                                     |       | 654,548                                                                        |       |

 

(8)             Mr. Kapuria’s base salary increased in FY19 from $390,000 to $440,000 in connection with his promotion.

 

44

----

Table of Contents

 

The following table shows for the fiscal year ended March 29, 2019, certain information regarding grants of plan-based awards to our named executive officers from our incentive plans:

 

**Grants of Plan-Based Awards in Fiscal 2019**

 
| ** **              | ** ** | ** **          | ** ** | **Estimated Future Payouts Under Non-   Equity Incentive Plan Awards** | ** ** | **Estimated Future Payouts Under Equity   Incentive Plan Awards** | ** ** | **All Other   Stock   Awards:   Number   of Shares of   Stock** | ** ** | **All Other   Option   Awards:   Number   of Securities   Underlying** | ** ** | **Exercise or   Base   Price   of Option** | ** ** | **Grant Date Fair   Value of Stock** | ** ** |
|-------------------------|------------|---------------------|------------|-----------------------------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------|------------|------------------------------------------------------|------------|----------------------------------------------------------|------------|
| **Name**                | ** ** | **Grant Date** | ** ** | **Threshold   ($)**                                                                                       | ** ** | **Target   ($)**                                                                                | ** ** | **Maximum   ($)**                                                              | ** ** | **Threshold   (#)**                                                              | ** ** | **Target   (#)**                                     | ** ** | **Maximum   (#)**                                        | ** ** | **or Units****(1)**** (#)** | ** ** | **Options   (#)** | ** ** | **Awards   ($/Sh)** | ** ** | **and Option   Awards ****(2)**** ($)** | ** ** |
| Gregory S. Clark        |       | 6/28/18             | (3)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 27,573                                                                           |       | 68,933                                               |       | 137,867                                                  |       | — |   | — |   | — |   | 1,500,000 |   |
| Nicholas R. Noviello    |       | 6/28/18             | (3)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 4,181                                                                            |       | 29,871                                               |       | 83,639                                                   |       | — |   | — |   | — |   | 650,000 |   |
|                    |       | 12/10/18            | (4)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 103,897                                                                          |       | 222,636                                              |       | 445,272                                                  |       | 95,416 |   | — |   | — |   | 6,932,047 |   |
|                    |       | 1/31/19             | (5)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | —                                                                           |       | —                                               |       | —                                                   |       | — |   | — |   | — |   | 3,774,420 |   |
| Amy L. Cappellanti-Wolf |       | 6/28/18             | (3)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 1,981                                                                            |       | 14,154                                               |       | 39,632                                                   |       | — |   | — |   | — |   | 308,000 |   |
|                    |       | 7/10/18             | (4)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 36,689                                                                           |       | 78,620                                               |       | 157,240                                                  |       | 78,620 |   | — |   | — |   | 3,352,096 |   |
| Samir Kapuria           |       | 6/28/18             | (3)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 2,750                                                                            |       | 19,643                                               |       | 55,002                                                   |       | — |   | — |   | — |   | 427,451 |   |
|                    |       | 7/10/18             | (4)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 111,180                                                                          |       | 238,242                                              |       | 476,484                                                  |       | 238,243 |   | — |   | — |   | 10,157,867 |   |
| Scott C. Taylor         |       | 6/28/18             | (3)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 3,860                                                                            |       | 27,573                                               |       | 77,205                                                   |       | — |   | — |   | — |   | 600,000 |   |
|                    |       | 12/10/18            | (4)        | —                                                                                                    |       | —                                                                                          |       | —                                                                         |       | 66,791                                                                           |       | 143,123                                              |       | 286,246                                                  |       | 61,339 |   | — |   | — |   | 4,456,317 |   |

 

----

(1)             Ms. Cappellanti-Wolf and Mr. Kapuria’s RSUs vest as to 40% on June 1, 2019, 30% on June 1, 2020, and 30% on June 1, 2021 and have a grant date fair value of $21.41. Messrs. Noveillo and Taylor’s RSUs vest as to 30% on June 1, 2019, 30% on June 1, 2020, and 40% on June 1, 2021 and have a grant date fair value of $22.08. Mr. Noviello’s RSU was subsequently modified based on the terms of his Transition Service Agreement.

(2)             The aggregate grant date fair value of the equity incentive plan awards is calculated to be the sum of (i) the target number of PRU shares multiplied by the fair value of our common stock as of the service inception date, plus (ii) the number of RSU shares multiplied by the fair value on grant date, plus (iii) the number of modified stock units multiplied by the incremental fair value of the stock award.

(3)             The amounts shown in these rows reflect the threshold, target and maximum potential payouts with respect to each applicable metric under the FY19 EAIP using the fair value of $21.76 on March June 28, 2018. The final payout was made in the form of RSUs with a grant date fair value of $20.05 on May 20, 2019 to all participants other than (i) Mr. Noviello’s payout, which was made pursuant to his Transition Services Agreement, and (ii) Mr. Clark, who was not employed by us at the time the FY19 EAIP was paid out and did not receive any payout.

(4)             The amounts shown in these rows reflect the threshold, target, and maximum potential eligible shares to be earned for the PRUs awarded during FY19 and as further described in the CD&A section beginning on page 26.

(5)             On January 31, 2019, the Company announced that Mr. Noviello was stepping down from his role as Executive Vice President and CFO and entered into a Transition Services Agreement with Mr. Noviello pursuant to which Mr. Noviello would provide certain transition services to the Company. The agreement provided for, among other things, modification to certain of his stock awards which resulted in incremental fair value of the modified stock awards. A table showing the incremental fair value of the stock awards modified by the Transition Service Agreement, calculated in accordance with FASB ASC Topic 718, is included in the Summary Compensation Table footnotes above.

 

For a summary of the terms of the FY19 Executive Annual Incentive Plan, see “Compensation Discussion & Analysis (CD&A) — Compensation Components — Executive Annual Incentive Plans” above. For a summary of the circumstances in which the equity awards described above will accelerate, see “Compensation Discussion & Analysis (CD&A) — Health and Welfare Benefits; Perquisites — Change in Control and Severance Arrangements” above and “Potential Payments Upon Termination or Change-in-Control” below.

 

45

----

Table of Contents

 

The following table shows for the fiscal year ended March 29, 2019, certain information regarding outstanding equity awards at fiscal year-end for our named executive officers.

** **

**Outstanding Equity Awards at Fiscal Year-End 2019**

 
| ** **              | ** ** | **Option Awards** | ** ** | **Stock Awards**                                                                    | ** ** |
|-------------------------|------------|------------------------|------------|------------------------------------------------------------------------------------------|------------|
| **Name**                | ** ** | **Grant Date**    | ** ** | **Number of   Securities   Underlying   Unexercised   Options   Exercisable   (#)** | ** ** | **Number of   Securities   Underlying   Unexercised   Options   Unexercisable   (#)** | ** ** | **Option   Exercise   Price   ($)** | ** ** | **Option   Expiration   Date** | ** ** | **Number of   Shares or   Units of   Stock That   Have Not   Vested   (#)** | ** ** | **Market Value of   Shares or Units   of Stock That   Have Not   Vested   ($)**** (1)** | ** ** | **Equity   Incentive Plan   Awards:   Number of   Unearned   Shares, Units   or Other   Rights that   Have Not Yet   Vested   (#)** | ** ** | **Equity   Incentive   Plan   Awards:   Value of   Unearned   Shares,   Units or   Other Rights   that Have   Not Yet   Vested   ($)**** (1)** | ** ** |
| Gregory S. Clark        |       | 6/9/17                 |       |                                                                                     |       |   |   |   |   |   |   | 187,670 | (2)(3) | 4,314,526 |   | 84,919 | (3) | 1,952,276 |   |
|                    |       |                   | (4)        |                                                                                     |       |   |   |   |   |   |   | 164,857 | (5) | 3,790,062 |   |   |   |   |   |
|                    |       |                   | (4)        | 3,665,271                                                                                |       |   |   | 6.73 |   | 9/9/25 |   |   |   |   |   |   |   |   |   |
| Nicholas R. Noviello    |       | 12/10/18               |       |                                                                                     |       |   |   |   |   |   |   | 200,649 | (6)(7) | 4,612,912 |   | 37,106 | (7) | 853,067 |   |
|                    |       | 6/9/17                 |       |                                                                                     |       |   |   |   |   |   |   | 87,579 | (3)(8) | 2,013,436 |   | 39,629 | (3) | 911,059 |   |
|                    |       |                   | (4)        |                                                                                     |       |   |   |   |   |   |   | 41,618 | (5) | 956,798 |   |   |   |   |   |
|                    |       |                   | (4)        | 775,028                                                                                  |       |   |   | 8.35 |   | 1/27/26 |   |   |   |   |   |   |   |   |   |
| Amy L. Cappellanti-Wolf |       | 7/10/18                |       |                                                                                     |       |   |   |   |   |   |   | 93,485 | (7)(9) | 2,149,209 |   | 13,103 | (7) | 301,238 |   |
|                    |       | 6/9/17                 |       |                                                                                     |       |   |   |   |   |   |   | 43,789 | (3)(10) | 1,006,701 |   | 19,814 | (3) | 455,524 |   |
|                    |       | 6/10/16                |       |                                                                                     |       |   |   |   |   |   |   | 14,204 | (11) | 326,550 |   |   |   |   |   |
| Samir Kapuria           |       | 7/10/18                |       |                                                                                     |       |   |   |   |   |   |   | 283,286 | (7)(12) | 6,512,746 |   | 39,707 | (7) | 912,864 |   |
|                    |       | 6/9/17                 |       |                                                                                     |       |   |   |   |   |   |   | 13,762 | (3)(13) | 316,383 |   | 6,227 | (3) | 143,159 |   |
|                    |       | 11/10/16               |       |                                                                                     |       |   |   |   |   |   |   | 4,844 | (14) | 111,364 |   |   |   |   |   |
|                    |       | 6/10/16                |       |                                                                                     |       |   |   |   |   |   |   | 5,326 | (11) | 122,445 |   |   |   |   |   |
| Scott C. Taylor         |       | 12/10/18               |       |                                                                                     |       |   |   |   |   |   |   | 128,989 | (7)(15) | 2,965,456 |   | 23,854 | (7) | 548,392 |   |
|                    |       | 6/9/17                 |       |                                                                                     |       |   |   |   |   |   |   | 56,300 | (3)(16) | 1,294,343 |   | 25,476 | (3) | 585,682 |   |
|                    |       | 6/10/16                |       |                                                                                     |       |   |   |   |   |   |   | 28,408 | (11) | 653,100 |   |   |   |   |   |

 

----

(1)             The market value of the equity awards that have not vested is calculated by multiplying the number of units that have not vested by the closing price of the Company’s stock on March 29, 2019, which was $22.99.

 

(2)             43,672 shares vest on June 1, 2019, 85,768 shares vest on April 3, 2020, and 58,230 shares vest on June 1, 2020. Mr. Clark resigned from the Company, effective May 9, 2019.

 

(3)             These FY18 PRUs are eligible to be earned at the end of FY20 and are based on the achievement of performance goals for adjusted non-GAAP EPS for the one-year performance period ended March 30, 2018 and the relative TSR ranking for our Company as compared to the Nasdaq 100 index for the two- and three- year performance periods ended March 29, 2019 and ending April 3, 2020, respectively. Based on our achievement of the EPS metric, 50.50% of the EPS target shares were earned, which are reflected in the “Number of Shares or Units of Stock That Have Not Vested” and “Market Value of Shares or Units of Stock That Have Not Vested” columns.  The achievement level of the two-year TSR metric was below the threshold, therefore no two-year TSR target shares were earned. Depending on our achievement of the three-year TSR metric, 0% to 200% of the three-year TSR target shares are eligible to be earned and settled at the end of FY20. The number of shares and the payout value set forth above in the “Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Yet Vested” and “Equity Incentive Plan Awards: Value of Unearned Shares, Units or Other Rights that Have Not Yet Vested” columns reflect the threshold potential payout, which represents 50.00% of the target number of PRUs. Each PRU is subject to the Compensation Committee’s certification when approving the number of shares earned thereunder.

 

(4)             Represents non-qualified stock options and RSU awards previously granted by Blue Coat and assumed by the Company upon the closing of the Blue Coat acquisition. Upon assumption, by their terms, these awards converted into the right to receive shares of our common stock, subject to applicable service or performance-based vesting conditions.

 

46

----

Table of Contents

 

(5)             These RSUs would vest in full August 1, 2019.

 

(6)             28,625 shares vest on June 1, 2019, 105,233 shares on April 3, 2020, 28,625, shares vest on June 1, 2020, and 38,166 shares vest on June 1, 2021.  Mr. Noviello resigned from the Company, effective May 24, 2019.   See “Potential Payments Upon Termination or Change-in-Control” below for additional details regarding the Transition Services Agreement with Mr. Noviello.

 

(7)             These FY19 PRUs are eligible to be earned at the end of FY19, FY20 and fiscal 2021, and are based on the achievement of three different performance metrics with one- or three-year performance periods, depending on the metric.  The PRUs with the EPS and FCF metrics are eligible to be earned if we achieve at least the threshold level of the performance goals for the one-year performance period ended March 29, 2019. The PRUs with the TSR metric are eligible to be earned if we achieve at least the threshold level of the TSR performance goal for the three-year performance period ending April 2, 2021. Based on our achievement of the ESP metric, 50.6% of the target shares were earned of which: (i) 60% was settled at the end of FY19 and the remaining 40% will be settled at the end of FY20 for Ms. Cappellanti-Wolf and Mr. Kapuria; and (ii) 100% will be eligible for settlement at the end of FY20 for Mr. Taylor. Based on our achievement of the FCF metric, 91.2% of the target shares were earned of which: (i) 60% was settled at the end of FY19 and the remaining 40% will be settled at the end of FY20 for Ms. Cappellanti-Wolf and Mr. Kapuria and (ii) 100% will be eligible for settlement at the end of FY20 for Mr. Taylor. Depending on our achievement of the TSR metric, 0% to 200% of the target shares are eligible to earned and settled at the end of FY21. The shares which are earned but not vested are reflected in the “Number of Shares or Units of Stock That Have Not Vested” and “Market Value of Shares or Units of Stock That Have Not Vested” columns. The number of shares and the payout value set forth above in the “Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that Have Not Yet Vested” and “Equity Incentive Plan Awards: Value of Unearned Shares, Units or Other Rights that Have Not Yet Vested” columns reflect the threshold potential payout which represents 50.00% of the target number of PRUs. Each PRU is subject to the Compensation Committee’s certification when approving the number of shares earned thereunder. The vesting for Mr. Noviello’s grants are governed by his Transition Services Agreement.

 

(8)             20,380 shares vest on June 1, 2019, 40,025 shares on April 3, 2020, and 27,174 shares vest on June 1, 2020.

 

(9)             31,448 shares vest on June 1, 2019, 14,865 shares on April 3, 2020, 23,586 shares vest on June 1, 2020, and 23,586 shares vest on June 1, 2021.

 

(10)        10,190 shares vest on June 1, 2019, 20,013 shares on April 3, 2020, and 13,586 shares vest on June 1, 2020.

 

(11)        The RSUs vest in full on June 1, 2019.

 

(12)        95,298 shares vest on June 1, 2019, 45,043 shares vest on April 3, 2020, 71,473 shares vest on June 1, 2020, and 71,472 shares vest on June 1, 2021.

 

(13)        3,202 shares vest on June 1, 2019, 6,290 shares on April 3, 2020, and 4,270 shares vest on June 1, 2020.

 

(14)        100% of the shares vest on December 1, 2019.

 

(15)        18,402 shares vest on June 1, 2019, 67,650 shares on April 3, 2020, 18,402 shares vest on June 1, 2020, and 24,535 shares vest on June 1, 2021.

 

(16)        13,102 shares vest on June 1, 2019, 25,730 shares on April 3, 2020, and 17,468 shares vest on June 1, 2020.

 

47

----

Table of Contents

 

The following table shows for the fiscal year ended March 29, 2019, certain information regarding option exercises and stock vested during the last fiscal year with respect to our named executive officers:

** **

**Option Exercises and Stock Vested in Fiscal 2019**

 
| ** **              | ** ** | **Option Awards**                                             | ** ** | **Stock Awards**                                                | ** ** |
|-------------------------|------------|--------------------------------------------------------------------|------------|----------------------------------------------------------------------|------------|
| **Name**                | ** ** | **Number of   Shares   Acquired on   Exercise (#)** | ** ** | **Value Realized on   Exercise ****(1)**** ($)** | ** ** | **Number of   Shares Acquired   on Vesting ****(2)**** (#)** | ** ** | **Value Realized on   Vesting ****(3)**** ****($)** | ** ** |
| Gregory S. Clark        |       | —                                                             |       | —                                                               |       | 342,338 |   | 7,467,791 |   |
| Nicholas R. Noviello    |       | 332,155                                                            |       | 4,699,993                                                            |       | 111,855 |   | 2,419,818 |   |
| Amy L. Cappellanti-Wolf |       | —                                                             |       | —                                                               |       | 92,644 |   | 1,997,239 |   |
| Samir Kapuria           |       | —                                                             |       | —                                                               |       | 112,125 |   | 2,497,640 |   |
| Scott C. Taylor         |       | —                                                             |       | —                                                               |       | 103,798 |   | 2,216,595 |   |

 

----

(1)             The value realized upon option exercises is based on the difference between the closing price of our common stock at exercise and the option exercise price.

 

(2)             The number of shares and value realized for stock awards set forth above reflect (i) RSUs that vested and settled in FY19, (ii) RSUs granted under the FY19 EAIP on 5/20/2019, which vested and settled on 6/1/2019, and (iii) PRUs that vested in FY19 and were settled in FY20.

 

(3)             The value realized upon vesting is based on the closing price of our common stock upon vesting in the case of RSUs and the closing price of our common stock on March 29, 2019 in the case of PRUs.

 

**Non-Qualified Deferred Compensation in Fiscal 2019**

 

The table below provides information on the non-qualified deferred compensation of the named executive officers for the fiscal year ended March 29, 2019.

 
| ** **              | ** ** | **Non-Qualified Deferred Compensation**                            | ** ** |
|-------------------------|------------|------------------------------------------------------------------------------|------------|
| **Name**                | ** ** | **Executive   Contributions in   Last Fiscal   Year   ($)****(1)** | ** ** | **Registrant   Contributions in   Last Fiscal   Year   ($)** | ** ** | **Aggregate   Earnings in   Last Fiscal   Year   ($)****(2)** | ** ** | **Aggregate   Withdrawals/   Distributions   ($)** | ** ** | **Aggregate   Balance at   Last Fiscal   Year-End   ($)****(3)** | ** ** |
| Gregory C. Clark        |       | —                                                                       |       | — |   | — |   | — |   | — |   |
| Nicholas R. Noviello    |       | 81,250                                                                       |       | — |   | 5,632 |   | — |   | 172,205 |   |
| Amy L. Cappellanti-Wolf |       | —                                                                       |       | — |   | — |   | — |   | — |   |
| Samir Kapuria           |       | —                                                                       |       | — |   | — |   | — |   | — |   |
| Scott C. Taylor         |       | 300,000                                                                      |       | — |   | 25,782 |   | — |   | 588,263 |   |

 

----

(1)             The amounts reflected include FY19 salary and the value of annual cash incentives earned under the FY19 EAIP. The salary portion of the amounts reflected above is included in the amount reported as “Salary” in the “Summary Compensation Table for FY19. The annual cash incentive portion of the amounts reflected above is included in the amount reported as “Non-Equity Incentive Plan Compensation” in the Summary Compensation Table for FY19.

 

(2)             The amounts reflected are not included in the Summary Compensation Table for FY19. These amounts consist of dividends, interest and change in market value attributed to each executive officer’s entire account balance during FY19, which balance may include deferred compensation from previous periods. The amounts do not include the deferred compensation themselves. Such earnings were not preferential or above-market.

 

(3)             Includes the following amounts which previously were reported as compensation to the named executive officer in our Summary Compensation Table for fiscal years prior to FY19: Mr. Noviello: $81,250 and Mr. Taylor: $255,000.

 

In FY19, certain management employees on our U.S. payroll with a base salary of $180,000 or greater, including each of the named executive officers, were eligible to participate in the Symantec Corporation Deferred Compensation Plan. The plan provides for the opportunity for participants to defer up to 75% of base salary and 100% of variable pay each year and up to 100% of sales commissions as a separate election. Variable pay included annual incentive plan and commission payments. Deferral elections must be made prior to the beginning of a calendar year and cannot be revoked as of the day immediately prior to commencement of that year. Participants have the opportunity to elect each year whether to receive that year’s deferrals upon a specified date or upon termination of employment, and the form of payment elected will be honored regardless of a participant’s length of service.

 

The plan is “unfunded” and all deferrals are general assets of Symantec. Amounts deferred by each participant under the plan are credited to a bookkeeping account maintained on behalf of each participant. The bookkeeping account under the plan will then be adjusted based on the performance of the measurement funds that have been selected by the participant. The measurement funds available under the plan include the investment funds available under our 401(k) plan as well as additional asset classes. Each participant may change their measurement fund selections on a daily basis. The

 

48

----

Table of Contents

 

plan requires that benefits accumulated in the bookkeeping accounts for each participant not meeting a 5-year service requirement be distributed to the participant following his or her termination of employment with us for any reason. If a 5-year service requirement is met, accumulated benefits in the participant’s account will be distributed according to the participant’s designated payment election.

 

Beginning January 1, 2018, upon first entering the Deferred Compensation Plan, a participant has the option to make a one-time election, which will apply to all future account balances to determine how they will be paid in the event of a change in control. By making the one-time election a participant will receive all remaining account balances in a lump sum in the month following the month of termination, if termination occurs within two (2) years following a change in control. If a participant’s employment ended before the change in control, any remaining balances will be distributed in a lump sum within 90 days of the change in control.

 

**Potential Payments Upon Termination or Change-In-Control**

 

Set forth below is a description of the plans and agreements (other than the Deferred Compensation Plan) that could result in potential payouts to our named executive officers in the case of their termination of employment and/or a change in control of Symantec. For information regarding potential payouts upon termination under the Deferred Compensation Plan, in which certain of executive officers participate, see “Non-Qualified Deferred Compensation in Fiscal 2019” above.

 

***Symantec Executive Retention Plan***

 

In January 2001, the Board approved the Symantec Executive Retention Plan, to deal with employment termination resulting from a change in control of the Company. The plan was modified by the Board in July 2002, April 2006, June 2007, April 2012, February 2016 and January 2018. Under the terms of the plan, all equity compensation awards (including, among others, stock options, RSUs and PRUs) granted by the Company to the Company’s Section 16(b) officers (including our named executive officers) would become fully vested (at target or to the extent of achievement for PRUs) and, if applicable, exercisable following a change in control of the Company (as defined in the plan) after which the officer’s employment is terminated without cause or constructively terminated by the acquirer within 12 months after the change in control.

 

The plan also provides for the payment of a cash severance benefit for our named executive officers equal to one times such officer’s base salary and target payout under the Executive Annual Incentive Plan applicable to such named executive officer in the circumstances described above (i.e., following a change in control of the Company after which the officer’s employment is terminated without cause or constructively terminated by the acquirer within 12 months after the change in control.)

 

***Symantec Executive Severance Plan***

 

In April 2012, the Compensation Committee adopted the Symantec Executive Severance Plan to provide severance benefits to specified officers of Symantec, including our named executive officers, which was amended in fiscal 2016. The executive officers must meet certain criteria in order to participate in the plan, including, among other criteria, (i) the executive officer was involuntarily terminated from active employment other than for cause (as defined in the plan); (ii) the executive officer was not terminated due to the sale of a business, part of a business, divestiture or spin-off and offered employment upon terms and conditions substantially identical to those in effect immediately prior to such sale, divestiture or spin-off; and (iii) the executive officer is not entitled to severance under any other plan, fund, program, policy, arrangement or individualized written agreement providing for severance benefits that is sponsored or funded by Symantec.

 

Under the terms of the plan, the executive officer will receive severance payments equal to one times the sum of his or her base salary in effect at the time of his or her involuntary termination. The executive officer will also receive a one-time bonus of $15,000, minus taxes and other legally required deductions. The executive officer is also entitled to receive six months of outplacement services, including counseling and guidance. The executive officer is solely responsible for all COBRA premiums for his or her continuation coverage. In addition, the executive officer will receive an additional payment equivalent to 75% of the executive officer’s prorated target cash incentive award under the Executive Annual Incentive Plan in effect for such fiscal year to the executive officer who was terminated in the second half of such fiscal year and was employed in good standing for a minimum of six (6) months prior to his or her termination date. This payment was added to standardize benefits to all our executive officers and to be competitive with overall market practices.

 

Payment of severance payments, one-time bonus payment, outplacement services and 75% of the prorated target cash incentive award under the Executive Annual Incentive Plan pursuant to the Symantec Executive Severance Plan is subject to the applicable executive officer returning a release of claims against Symantec.

 

49

----

Table of Contents

 

***Amy L. Cappellanti-Wolf***

 

The following table summarizes the value of the payouts to Ms. Cappellanti-Wolf pursuant to the Symantec Executive Retention Plan and the Symantec Executive Severance Plan, assuming a qualifying termination as of March 29, 2019 (intrinsic values of equity awards are based upon the closing price for a share of our common stock of $22.90 on March 29, 2019 minus the exercise price):

 
| ** **                                                                                          | ** ** | **Severance   Pay ($)** | ** ** | **Option   Vesting($)** | ** ** | **RSU Vesting   ($)** | ** ** | **PRU   Vesting ($)** | ** ** |
|-----------------------------------------------------------------------------------------------------|------------|------------------------------|------------|-------------------------|------------|----------------------------|------------|----------------------------|------------|
| **Involuntary Termination Because   of Market Conditions or Division Performance**                  |       | 689,836                      |       | —                  |       | —                     |       | 1,859,826             |       |
| **Termination Without Cause or   Constructive Termination Within 12 Months of a Change of Control** |       | 748,000                      |       | —                  |       | 2,680,634                  |       | 1,859,826                  |       |
| **Termination Without Cause**                                                                       |       | 689,836                      |       | —                  |       | 2,680,634                  |       | 1,859,826                  |       |
| **Termination Due to Death or   Disability**                                                        |       | —                       |       | —                  |       | —                     |       | 1,859,826                  |       |

 

***Samir Kapuria***

 

The following table summarizes the value of the payouts to Mr. Kapuria pursuant to the Symantec Executive Retention Plan and the Symantec Executive Severance Plan, assuming a qualifying termination as of March 29, 2019 (intrinsic values of equity awards are based upon the closing price for a share of our common stock of $22.90 on March 29, 2019 minus the exercise price):

 
| ** **                                                                                          | ** ** | **Severance   Pay ($)** | ** ** | **Option   Vesting ($)** | ** ** | **RSU Vesting   ($)** | ** ** | **PRU   Vesting ($)** | ** ** |
|-----------------------------------------------------------------------------------------------------|------------|------------------------------|------------|-------------------------------|------------|----------------------------|------------|----------------------------|------------|
| **Involuntary Termination Because   of Market Conditions or Division Performance**                  |       | 789,906                      |       | —                        |       | —                     |       | 3,149,028                  |       |
| **Termination Without Cause or   Constructive Termination Within 12 Months of a Change of Control** |       | 900,000                      |       | —                        |       | 5,882,796                  |       | 3,149,028                  |       |
| **Termination Without Cause**                                                                       |       | 789,906                      |       | —                        |       | 5,882,796                  |       | 3,149,028                  |       |
| **Termination Due to Death or   Disability**                                                        |       | —                       |       | —                        |       | —                     |       | 3,149,028                  |       |

 

***Scott C. Taylor***

 

The following table summarizes the value of the payouts to Mr. Taylor pursuant to the Symantec Executive Retention Plan and the Symantec Executive Severance Plan, assuming a qualifying termination as of March 29, 2019 (intrinsic values of equity awards are based upon the closing price for a share of our common stock of $22.90 on March 29, 2019 minus the exercise price):

 
| ** **                                                                                          | ** ** | **Severance   Pay ($)** | ** ** | **Option   Vesting($)** | ** ** | **RSU Vesting   ($)** | ** ** | **PRU   Vesting ($)** | ** ** |
|-----------------------------------------------------------------------------------------------------|------------|------------------------------|------------|-------------------------|------------|----------------------------|------------|----------------------------|------------|
| **Involuntary Termination Because   of Market Conditions or Division Performance**                  |       | 1,068,836                    |       | —                  |       | —                     |       | 3,829,276                  |       |
| **Termination Without Cause or   Constructive Termination Within 12 Months of a Change of Control** |       | 1,200,000                    |       | —                  |       | 2,766,088                  |       | 3,829,276                  |       |
| **Termination Without Cause**                                                                       |       | 1,068,836                    |       | —                  |       | 2,766,088                  |       | 3,829,276                  |       |
| **Termination Due to Death or   Disability**                                                        |       | —                       |       | —                  |       | —                     |       | 3,829,276                  |       |

 

**Former Officers:**

 

***Gregory S. Clark***

 

The following table summarizes the value of the payouts to Mr. Clark pursuant to Mr. Clark’s Employment Agreement, assuming a qualifying termination as of March 29, 2019 (intrinsic values of equity awards are based upon the closing price for a share of our common stock of $22.90 on March 29, 2019 minus the exercise price).

 
| ** **                  | ** ** | **Severance Pay ($)** | ** ** | **COBRA Premiums ($)** | ** ** | **Option Vesting ($)** | ** ** | **RSU Vesting ($)** | ** ** | **PRU Vesting ($)** | ** ** |
|-----------------------------|------------|---------------------------------|------------|----------------------------------|------------|----------------------------------|------------|-------------------------------|------------|-------------------------------|------------|
| **Involuntary Termination** |       | 2,000,000                       |       | 20,031                           |       | —                           |       | 3,790,062                     |       | —                        |       |

 

Mr. Clark served as our President and CEO through May 9, 2019.   In connection with Mr. Clark’s departure, he and the Company entered into a separation agreement dated May 9, 2019.  Pursuant to the separation agreement, Mr. Clark was not entitled to and did not receive any payouts under his employment agreement. the Symantec Executive Retention Plan, the Symantec Executive Severance Plan or any other severance arrangement.

 

50

----

Table of Contents

 

***Nicholas R. Noviello***

 

As discussed above, in connection with the CFO transition process announced in January 2019, we entered into the Transitions Services Agreement with Nicholas Noviello, which governed the payments Mr. Noviello would receive through the date of his departure, which was May 24, 2019. Under the Transition Services Agreement, Mr. Noviello was entitled to receive his base salary, continue to participate in the Company’s FY19 EAIP without regard to individual performance, continue to participate in Company benefit programs, and continue to vest in his outstanding restricted stock unit awards through the end of his transition period. Mr. Noviello was also entitled to vesting and settlement of his remaining 44,184 shares under his FY17 PRUs and was eligible to receive a portion of his awards under his FY18 PRUs and FY19 PRUs, subject to achievement of applicable performance metrics, upon the completion of the transition period or upon an earlier involuntary termination without cause, a constructive termination or his termination due to his death or disability, as if services ended at the end of the transition period, subject to a release of claims.

 

Following the completion of his transition period, or upon an earlier involuntary termination without cause, a constructive termination or termination due to death or disability, and subject to delivery of a release of claims, Mr. Noviello was entitled to receive severance payments and benefits consistent with the Company’s Executive Severance Plan, including a one-time lump sum payment of $665,000, six months of outplacement services and a lump sum payment equal to 75% of Mr. Noviello’s target cash incentive award under the FY19 EAIP payment, but only if it would be greater than the amount paid in the ordinary course as described above.

 

The following table summarizes the value of payments to Mr. Noviello in accordance with his Transition Services Agreement. The intrinsic values of equity awards set forth in the table below are based upon the closing price for a share of our common stock of $22.90 on March 29, 2019.

 
| ** **                  | ** ** | **Severance Pay ($)** | ** ** | **Option Vesting ($)** | ** ** | **RSU Vesting ($)** | ** ** | **PRU Vesting ($)** | ** ** |
|-----------------------------|------------|---------------------------------|------------|----------------------------------|------------|-------------------------------|------------|-------------------------------|------------|
| **Involuntary Termination** |       | 3,152,500                       |       | —                           |       | 1,729,087                     |       | 3,426,067                     |       |

 

**CEO Pay Ratio**

 

As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, we are providing the ratio of the annual total compensation of Mr. Clark, our former CEO, to the median of the annual total compensation of our employees. We believe that the pay ratio disclosed below is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. SEC rules for identifying the median employee and calculating the pay ratio allow companies to apply various methodologies and apply various assumptions and, as result, the pay ratio reported by us may not be comparable to the pay ratio reported by other companies.

 

Symantec is a global cybersecurity company and operates in 47 countries. As of the end of FY19, March 29, 2019, we employed 11,921 employees globally. Of our total workforce, approximately 46% was based in the United States and 54% was based outside of the United States as of the end of FY19. Our compensation programs and reward offerings are designed to reflect local market practices across our global operations.

 

Pay Ratio:

 

·                  Mr. Clark’s FY19 annual total compensation was $2,921,038, as reported in the “Total” column of the “2019 Summary Compensation Table” in this report.

 

·                  The FY19 annual total compensation of our median employee (other than our CEO) was $115,899.

 

·                  Based on this information, the pay ratio of the annual total compensation our CEO to the median of the annual total compensation of our employees is 25.2 to 1.

 

Identification of the Median Employee:

 

For purposes of identifying our median employee, we used our global employee population as of March 29, 2019, identified based on our global human resources system of record, inclusive of all regular employees employed by the company as of that date. We used total direct compensation as our consistently applied compensation measure. In this context, total direct compensation is the sum of the value of base salary or base wages earned, which has been annualized with respect to permanent employees, the annual incentive target amount or annual commission target amount in effect as of March 29, 2019, and the grant date fair value of all equity awards granted during FY19. Cash compensation figures were converted from local currency to U.S. dollars using the exchange rate the Company used for 2019 internal budgeting purposes. Symantec did 

 

51

----

Table of Contents

 

not utilize the de minimis exemption to eliminate countries representing no more than 5% of our global population in the aggregate as allowed by SEC rules.

 

**Director Compensation**

 

The following table provides information for FY19 compensation for all of our current and former non-employee directors:

 
| **Name**                       | ** ** | **Fees Earned   or Paid in   Cash   ($)****(1)(2)** | ** ** | **Stock   Awards   ($)****(3)(4)** | ** ** | **Total   ($)** | ** ** |
|--------------------------------|------------|--------------------------------------------------------------------|------------|------------------------------------|------------|-----------------|------------|
| Susan P. Barsamian(5)          |       | 3,383                                                              |       | 73,210                             | **(6)**    | 76,593          |       |
| Frank E. Dangeard              |       | 85,018                                                             |       | 274,982                            |       | 360,000         |       |
| Peter A. Feld(7)               |       | 16,071                                                             |       | 174,108                            | **(8)**    | 190,179         |       |
| Dale L. Fuller(7)              |       | 34,821                                                             |       | 147,321                            |       | 182,142         |       |
| Kenneth Y. Hao                 |       | 21                                                                 |       | 324,979                            | **(9)**    | 325,000         |       |
| Richard S. Hill(5)             |       | 15,772                                                             |       | 61,948                             |       | 77,720          |       |
| David W. Humphrey              |       | 21                                                                 |       | 324,979                            | **(9)**    | 325,000         |       |
| Geraldine B. Laybourne(10)     |       | 80,018                                                             |       | 274,982                            |       | 355,000         |       |
| David L. Mahoney               |       | 105,024                                                            |       | 274,976                            |       | 380,000         |       |
| Robert S. Miller(10) (11) |       | 120,639                                                            |       | 124,635                            |       | 245,274         |       |
| Anita M. Sands                 |       | 70,018                                                             |       | 274,982                            |       | 345,000         |       |
| Daniel H. Schulman             |       | 195,018                                                            |       | 274,982                            |       | 470,000         |       |
| V. Paul Unruh                  |       | 95,018                                                             |       | 274,982                            |       | 370,000         |       |
| Suzanne M. Vautrinot           |       | 70,018                                                             |       | 274,982                            |       | 345,000         |       |

 

----

(1)                Non-employee directors receive an annual retainer fee of $50,000 plus an additional annual fee of $15,000 (Compensation Committee and Nominating and Governance Committee) or $20,000 (Audit Committee) for membership on each committee. The chair of each committee receives an additional annual fee of $15,000 (Nominating and Governance Committee) or $25,000 (Audit Committee and Compensation Committee). The Lead Independent Director/Independent Chairman receives an annual fee of $100,000 (reduced to $75,000 for 2020).

 

(2)                Includes payments for fractional share(s) from stock awards granted to each non-employee director.

 

(3)                Amounts shown in this column reflect the aggregate full grant date fair value calculated in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718 for awards granted during FY18.

 

(4)                Each non-employee director, other than Ms. Barsamian and Messrs. Feld, Fuller, Hill and Miller, was granted 12,320 RSUs on May 17, 2018, with a per-share fair value of $22.32 and an aggregate grant date fair value of $274,982.40. The balance of each such director’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above. No non-employee director had any outstanding stock awards as of March 29, 2019.

 

(5)                Ms. Barsamian and Mr. Hill were appointed to our Board on January 7, 2019 and received a pro-rated portion of non-employee director fees from the date of such director’s appointment on January 7, 2019 through the end of FY19. Ms. Barsamian and Mr. Hill were each granted 2,717 RSUs on February 5, 2019, with a per-share fair value of $22.80 and an aggregate grant date fair value of $61,947.60. The balance of each such director’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above.

 

(6)                In lieu of cash, Ms. Barsamian elected to receive 100% of the pro-rated portion of her annual retainer fee of $50,000 in the form of our common stock. Accordingly, pursuant to the terms of the 2000 Director Equity Incentive Plan, Ms. Barsamian was granted 494 shares at a per share fair value of $22.80 and an aggregate grant date fair value of $11,263. The balance of Ms. Barsamian’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above.

 

(7)                Messrs. Feld and Fuller were appointed to our Board on September 16, 2018 and each received pro-rated portions of such director’s non-employee director fees from the date of his appointment on September 16, 2018 through the end of FY19.  Messrs. Feld and Fuller were granted 6,764 RSUs on December 7, 2018, with a per-share fair value of $21.78 and an aggregate grant date fair value of $147,320. The balance of each such director’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above.

 

(8)                In lieu of cash, Mr. Feld elected to receive 100% of the pro-rated portion of his annual retainer fee of $50,000 in the form of our common stock. Accordingly, pursuant to the terms of the 2000 Director Equity Incentive Plan, Mr. Feld was granted 1,229 shares at a per share fair value of $21.78 and an aggregate grant date fair value of $26,767. The balance of Mr. Feld’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above.

 

(9)                In lieu of cash, Messrs. Hao and Humphrey each received 100% of his respective annual retainer fee of $50,000 in the form of our common stock. Accordingly, pursuant to the terms of the 2000 Director Equity Incentive Plan, each was granted 2,240 shares at a per share fair value of $22.32 and an aggregate grant date fair value of $49,997. The balance of each such director’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above.

 

(10)            Ms. Laybourne and Mr. Miller served on the Board through December 3, 2018, the date of the Company’s 2019 Annual Meeting of Stockholders.

 

(11)            Mr. Miller’s non-employee director fees were prorated through December 3, 2018, the date of the Company’s 2019 Annual Meeting of Stockholders. Mr. Miller was granted 5,584 RSUs on May 17, 2018, with a per-share fair value of $22.32 and an aggregate grant date fair value of $124,635. The balance in director’s fee was paid in cash as reported in the “Fees Earned or Paid in Cash” column in the table above

 

52

----

Table of Contents

 

The policy of the Board is that compensation for independent directors should be a mix of cash and equity-based compensation. Symantec does not pay employee directors for Board service in addition to their regular employee compensation. Independent directors may not receive consulting, advisory or other compensatory fees from the Company. The Compensation Committee, which consists solely of independent directors, has the primary responsibility to review and consider any revisions to director compensation.

 

*Director Stock Ownership Guidelines:* Effective FY17, the Compensation Committee instituted the following stock ownership guidelines for our non-employee directors to better align our directors’ interests with those of our stockholders:

 

·  Directors must maintain a minimum holding of Company stock with a fair market value equal to ten times (10x) such director’s total annual cash retainer;

 

·  In the event the annual retainer (or any portion thereof) is paid to a non-employee director in equity instead of cash, the value of such annual retainer for purposes of calculating the minimum holding requirement means the grant date fair value of the annual equity award (or applicable portion thereof);

 

·  New directors will have three years to reach the minimum holding level; and

 

·  Notwithstanding the foregoing, directors may sell enough shares to cover their income tax liability on vested grants.

 

Symantec stock ownership information for each of our directors is shown under the heading “Security Ownership of Certain Beneficial Owners and Management” on page 53 of this Annual Report.

 

*Annual Fees:* In accordance with the recommendation of the Compensation Committee, the Board determined the non-employee directors’ compensation for FY19 as follows.  In connection with its annual review of non-employee director fees, the Compensation Committee reduced the annual fee for Lead Independent Director/Independent Chairman from $100,000 in FY19 to $75,000 effective FY20.

 

·  $50,000 annual cash retainer;

 

·  $15,000 annual fee for committee membership ($20,000 for Audit Committee membership);

 

·  $25,000 annual fee for chairing a committee of the Board ($15,000 for chairing the Nominating and Governance Committee); and

 

·  $100,000 (reduced to $75,000 effective FY20) annual fee for the Lead Independent Director/Independent Chairman.

 

The payment of the annual cash retainer is subject to the terms of the 2000 Director Equity Incentive Plan, as amended, which allows directors to choose to receive common stock in lieu of cash for all or a portion of the retainer payable to each director for serving as a member. We pay the annual retainer fee and any additional annual fees to each director at the beginning of the fiscal year. Directors who join the Company after the beginning of the fiscal year receive a prorated cash payment in respect of their annual retainer fee and fees. These payments are considered earned when paid. Accordingly, we do not require them to be repaid in the event a director ceases serving in the capacity for which he or she was compensated.

 

*Annual Equity Awards.* Pursuant to a Non-Employee Director Grant Policy adopted by our Board, each non-employee member of the Board receives an annual award of fully-vested restricted stock under the 2013 Equity Incentive Plan (the “2013 Plan”), having a fair market value on the grant date equal to a pre-determined dollar value, which was $275,000 for FY19.

 

**Item 12.* Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters***

 

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

 

The following table sets forth information, as of June 14, 2019 with respect to the beneficial ownership of Symantec common stock by (i) each stockholder known by Symantec to be the beneficial owner of more than 5% of Symantec common stock, (ii) each member of the Board (iii) the named executive officers of Symantec included in the Summary Compensation Table appearing on page 42 of this Annual Report and (iv) all current executive officers and directors of Symantec as a group.

 

Beneficial ownership is determined under the rules of the SEC and generally includes voting or investment power with respect to securities. Unless otherwise indicated below, the persons and entities named in the table have sole voting and sole investment power with respect to all shares beneficially owned, subject to community property laws where applicable. Percentage ownership is based on 617,076,272 shares of Symantec common stock outstanding as of June 14, 2019. Shares of common stock subject to stock options and restricted stock units vesting on or before August 14, 2019 (within 60

 

53

----

Table of Contents

 

days of June 14, 2019) are deemed to be outstanding and beneficially owned for purposes of computing the percentage ownership of such person but are not treated as outstanding for purposes of computing the percentage ownership of others.

 

Unless otherwise indicated, the address of each of the individuals and entities named below is c/o Symantec Corporation, 350 Ellis Street, Mountain View, California 94043.

 
| **Name and Address of Beneficial Owner** | ** ** | **Amount and Nature of   Beneficial Ownership** | ** ** | **Percent of   Class** | ** ** |
|-------------------------------------------------------------------|------------|---------------------------------------------------------------------|------------|-----------------------------|------------|
|                                                              |       |                                                                |       |                        |       |
| **5% Beneficial Owners**                                          |       |                                                                |       |                        |       |
| T.   Rowe Price Associates, Inc. (1)                         |       | 94,325,069                                                          |       | 15.3                        | %          |
| Vanguard   Group Inc. (2)                                         |       | 66,828,879                                                          |       | 10.8                        | %          |
| BlackRock, Inc. (3)                                          |       | 42,309,498                                                          |       | 6.9                         | %          |
| Capital   World Investors (4)                                     |       | 41,378,550                                                          |       | 6.7                         | %          |
| Starboard   Value LP (5)                                          |       | 36,000,796                                                          |       | 5.8                         | %          |
| **Total**                                                         |       | **280,842,792**                                                     |       | **45.5**                    | **%**      |
| ** **                                                        |       |                                                                |       |                        |       |
| **Directors and Named Executive Officers**                        |       |                                                                |       |                        |       |
| Gregory   S. Clark*(6)                                            |       | 5,964,117                                                           |       | 1.0                         | %          |
| Nicholas   R. Noviello*(7)                                        |       | 1,347,260                                                           |       | **                          |       |
| Scott   C. Taylor                                                 |       | 407,957                                                             |       | **                          |       |
| Samir   Kapuria                                                   |       | 244,781                                                             |       | **                          |       |
| Amy   L. Cappellanti-Wolf                                         |       | 217,164                                                             |       | **                          |       |
| David   L. Mahoney(8)                                             |       | 201,423                                                             |       | **                          |       |
| Daniel   H. Schulman                                              |       | 170,989                                                             |       | **                          |       |
| Frank   E. Dangeard                                               |       | 113,936                                                             |       | **                          |       |
| V.   Paul Unruh(9)                                                |       | 101,711                                                             |       | **                          |       |
| Anita   M. Sands                                                  |       | 63,830                                                              |       | **                          |       |
| Kenneth   Y. Hao(10)                                              |       | 60,670                                                              |       | **                          |       |
| David   W. Humphrey                                               |       | 49,882                                                              |       | **                          |       |
| Dale   L. Fuller                                                  |       | 35,088                                                              |       | **                          |       |
| Suzanne   M. Vautrinot(11)                                        |       | 32,269                                                              |       | **                          |       |
| Peter   A. Feld(12)                                               |       | 24,685                                                              |       | **                          |       |
| Richard   S. Hill(13)                                             |       | 20,110                                                              |       | **                          |       |
| Susan   P. Barsamian(14)                                          |       | 19,903                                                              |       | **                          |       |
| **Total**                                                         |       | **9,075,775**                                                       |       | **1.5**                     | **%**      |
|                                                              |       |                                                                |       |                        |       |
| **Current Directors and Executive Officers**                      |       |                                                                |       |                        |       |
| As   a group (18 people) (15)                                     |       | 2,579,786                                                           |       | 0.4                         | %          |

 

----

*                    Former officer.

 

**                Less than 1%.

 

(1)                Based solely on a Schedule 13G/A filing made by T. Rowe Price Associates on February 14, 2019, reporting voting and dispositive power over the shares. This stockholder’s address is 100 E. Pratt Street, Baltimore, MD 21202.

 

(2)                Based solely on a Schedule 13G/A filing made by Vanguard Group Inc on February 13, 2019, reporting voting and dispositive power over the shares. This stockholder’s address is 100 Vanguard Blvd., Malvern, PA 19355.

 

(3)                Based solely on a Schedule 13G/A filing made by the BlackRock, Inc. on February 6, 2019, reporting voting and dispositive power over the shares. This stockholder’s address is 55 East 52nd Street, New York, NY 10055.

 

54

----

Table of Contents

 

(4)                Based solely on a Schedule 13G/A filing made by Capital World Investors on February 14, 2019, reporting voting and dispositive power over the shares. This stockholder’s address is 333 South Hope Street, Los Angeles, CA 90071.

 

(5)                Based solely on a Schedule 13D filing made by Starboard Value LP on February 7, 2019, reporting voting and dispositive power over the shares. This stockholder’s address is 777 Third Avenue, 18th Floor, New York, New York 10017. Mr. Feld is a Managing Member of Starboard Value LP and may be deemed to share voting and dispositive power over these shares.

 

(6)                Beneficial ownership data is current through Mr. Clark’s departure date of May 9, 2019 and includes 1,122,938 shares held by the Gregory S. Clark Living Trust for which Mr. Clark exercises voting and dispositive power and 3,604,101 shares subject to options that were fully exercisable as of his departure date.

 

(7)                Beneficial ownership data is current through Mr. Noviello’s departure date of May 24, 2019 and includes and 775,028 shares subject to options that were fully exercisable as of his departure date.

 

(8)                Includes 16,959 shares held by the Winnifred C. Ellis & David L. Mahoney Trust for which Mr. Mahoney exercises voting and dispositive power.

 

(9)                Shares held by the Unruh Family Living Trust for which Mr. Unruh exercises voting and dispositive power.

 

(10)            These securities are held by Mr. Hao for the benefit of Silver Lake Technology Management LLC, certain of its affiliates and certain of the funds they manage (“Silver Lake”) and pursuant to Mr. Hao’s arrangement with Silver Lake, upon the sale of these securities, the proceeds are expected to be remitted to Silver Lake.

 

(11)            Shares held by the William C. Keller and Suzanne Vautrinot Living Trust for which Ms. Vautrinot exercises voting and dispositive power.

 

(12)            Excludes 36,000,796 shares of common stock beneficially owned by Starboard Value LP and its affiliates. Mr. Feld is a Managing Member of Starboard Value LP and may be deemed to share voting and dispositive power over these shares.

 

(13)            Includes 3,954 shares issuable upon the settlement of Mr. Hill’s RSUs on July 1, 2019 and August 1, 2019.

 

(14)            Shares held by the S. Barsamian and W. Romans Revocable Trust for which Ms. Barsamian exercises voting and dispositive power.

 

(15)            Includes 10,000 shares held by Vincent Pilette, 155,429 shares held by the Pilette RSA Reserve of which 100% of shares are subject to forfeiture under the terms of the RSA agreement, and 620,477 shares held by the VPJW Revocable Trust for which Mr. Pilette exercises voting and dispositive power. Includes for Matthew C. Brown: 11,013 shares, 15,000 shares subject to fully exercisable options, and 3,468 shares issuable upon the settlement of RSUs on August 1, 2019. Arthur Gilliland does not hold any shares.

 

Symantec has adopted a policy that executive officers and members of the Board hold an equity stake in the Company. The policy requires each executive officer to hold a minimum number of shares of Symantec common stock. Newly appointed executive officers are not required to immediately establish their position but are expected to make regular progress to achieve it. The Nominating and Governance Committee reviews the minimum number of shares held by the executive officers and directors from time to time. The purpose of the policy is to more directly align the interests of our executive officers and directors with our stockholders. See “Stock Ownership Requirements” under the Compensation Discussion & Analysis section for a description of the stock ownership requirements applicable to our executive officers.

 

**Equity Compensation Plan Information**

 

The following table gives information about Symantec’s common stock that may be issued upon the exercise of options, warrants and rights under all of Symantec’s existing equity compensation plans as of March 29, 2019:

 
| ** **                                                   | ** ** | **Equity Compensation Plan Information**                                                                                              | ** ** |
|--------------------------------------------------------------|------------|------------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| **Plan Category**                                       | ** ** | **Number of Securities   to be Issued Upon   Exercise of   Outstanding Options,   Warrants and Rights** | ** ** | **Weighted-Average   Exercise Price of   Outstanding Options,   Warrants and Rights** | ** ** | **Number of Securities   Remaining Available for   Future Issuance Under   Equity Compensation Plans   (Excluding Securities   Reflected in Column (a))** | ** ** |
| ** **                                                   | ** ** | **(a)**                                                                                                                                              | ** ** | **(b)** | ** ** | **(c)** | ** ** |
| Equity   compensation plans approved by security holders     |       | 21,941,509                                                                                                                                           | (1)        |   |   | 60,284,856 | (2) |
| Equity   compensation plans not approved by security holders |       | —                                                                                                                                               | (2)        | — |   | — |   |
| Total                                                        |       | —                                                                                                                                               |       | — |   | 60,284,856 | (2) |

 

----

(1)                21,941,509 shares issuable upon settlement of RSUs and PRUs (at 100% of target) under the 2013 Plan.

 

(2)                Represents 41,480 shares remaining available for future issuance under Symantec’s 2000 Director Equity Incentive Plan, 35,773,529 shares remaining available for future issuance under Symantec’s 2008 Employee Stock Purchase Plan including shares subject to purchase during the purchase periods, which commenced on February 16, 2019 (the exact number of which will not be known until the purchase date on August 15, 2019), and 24,469,847 shares issuable for future grant under our 2013 Plan as of March 29, 2019. Excludes 4,516,146 shares issuable upon settlement of RSUs and PRUs (at target) that were assumed in connection with various acquisitions. Note, this does not include shares granted after March 29, 2019.

 

(3)                Excludes outstanding options to acquire 12,083,917 shares as of March 29, 2019 that were assumed as part of various acquisitions. The weighted average exercise price of these outstanding options was $7.94 as of March 29, 2019. In connection with these acquisitions, Symantec has only assumed outstanding options and rights, but not the plan themselves, and therefore, no further options may be granted under these acquired-company plans.

 

55

----

Table of Contents

** **

**Item 13.* Certain Relationships and Related Transactions, and Director Independence***

 

**Related-Person Transactions Policy and Procedure**

 

Symantec has adopted a written related person transactions policy which provides for the Company’s policies and procedures regarding the identification, review, consideration and approval or ratification of “related person transactions.” The Nominating and Governance Committee reviews transactions that may be “related person transactions,” which are transactions between Symantec and any related persons in which the aggregate amount involved exceeds or may be expected to exceed $120,000, and in which the related person has or will have a direct or indirect material interest. For purposes of the policy, a related person is any Symantec executive officer, director, nominee for director, or stockholder holding more than 5% of any class of Symantec’s voting securities, in each case, since the beginning of the previous fiscal year, and their immediate family members.

 

Under the policy, absent any facts or circumstances indicating special or unusual benefits to the related person, the following transactions are deemed not to be “related person transactions” (meaning the related person is deemed to not have a direct or indirect material interest in the transaction):

 

·                  compensation to executive officers determined by Symantec’s Compensation Committee;

 

·                  any transaction with another company at which a related person is a director or an employee (other than an executive officer) if the aggregate amount involved does not exceed the greater of $2,000,000, or three percent of that company’s total annual gross revenues, provided that the transaction involves the purchase of either company’s goods and services and the transaction is subject to usual trade terms and is in the ordinary course of business and the related person is not involved in the negotiation of the transaction;

 

·                  any compensation paid to a director if the compensation is required to be reported in Symantec’s proxy statement;

 

·                  any transaction where the related person’s interest arises solely from the ownership of the Company’s common stock and all holders of the Company’s common stock received the same benefit on a pro rata basis;

 

·                  any charitable contribution, grant or endowment by Symantec or the Symantec Foundation to a charitable organization, foundation or university at which a related person’s only relationship is as a director or an employee (other than an executive officer), if the aggregate amount involved does not exceed $120,000, or any non-discretionary matching contribution, grant or endowment made pursuant to a matching gift program;

 

·                  any transaction where the rates or charges involved are determined by competitive bids;

 

·                  any transaction involving the rendering of services as a common or contract carrier, or public utility, at rates or charges fixed in conformity with law or governmental authority; or

 

·                  any transaction involving services as a bank depositary of funds, transfer agent, registrar, trustee under a trust indenture, or similar services.

 

Under the policy, members of Symantec’s legal department review transactions involving related persons that do not fall into one of the above categories. If they determine that a related person could have a significant interest in a transaction, the transaction is referred to the Nominating and Governance Committee. In addition, transactions may be identified through Symantec’s Code of Conduct or other Symantec policies and procedures, and reported to the Nominating and Governance Committee. The Nominating and Governance Committee determines whether the related person has a material interest in a transaction and may approve, ratify, rescind or take other action with respect to the transaction.

 

**Certain Related Person Transactions**

 

*Investments by Firms Affiliated with our Directors*

 

On February 3, 2016, Symantec entered into an investment agreement with investment entities affiliated with Silver Lake, a private equity firm, relating to the issuance to Silver Lake of $500 million principal amount of 2.5% convertible unsecured notes, due in 2021. In connection with the investment, Kenneth Y. Hao, a managing partner and managing director of Silver Lake, was appointed to our Board.

 

On June 12, 2016, Symantec entered into an investment agreement with investment entities affiliated with Silver Lake and Bain Capital relating to the issuance of $1.25 billion aggregate principal amount of 2.0% convertible unsecured notes due in 2021. Pursuant to the investment agreement, Silver Lake has agreed to purchase $500 million aggregate principal amount of the notes, and Bain Capital, private equity firm of which David W. Humphrey is a managing director, has agreed to purchase $750 million aggregate principal amount of the notes. The transactions contemplated by this

 

56

----

Table of Contents

 

investment agreement closed concurrently with the closing of the Blue Coat acquisition on August 1, 2016. In connection with the investment, Mr. Humphrey was appointed to our Board.

 

The 2.5% convertible unsecured notes, due in 2021 (the “2.5% Notes”), bear interest at a rate of 2.5% per annum. The 2.0% convertible unsecured notes, due in 2021 (the “2.0% Notes” and, together with the 2.5% Notes, collectively, the “Notes”), bear interest at a rate of 2.0% per annum. Interest is payable semiannually in cash under the Notes. The initial conversion rate for the 2.5% Notes was 59.6341 shares of our common stock, and cash in lieu of fractional shares, per $1,000 principal amount of the 2.5% Notes, which was equivalent to an initial conversion price of approximately $16.77 per share of common stock. The initial conversion rate for the 2.0% Notes was 48.9860 shares of our common stock, and cash in lieu of fractional shares, per $1,000 principal amount of the 2.0% Notes, which was equivalent to an initial conversion price of approximately $20.41 per share of common stock. The conversion rates under the Notes are subject to customary anti-dilution adjustments. Holders may surrender their Notes for conversion at any time prior to the close of business on the business day immediately preceding the maturity date for the Notes.

 

As of March 30, 2018, $1.75 billion in aggregate principal amount of the Notes was outstanding. During FY18, we paid an aggregate of $37.5 million in interest on the Notes.

 

Symantec also entered into a Registration Rights Agreement pursuant to which holders of the Notes have certain registration rights with respect to the Notes and the shares of our common stock issuable upon conversion of the Notes.

 

*Reinvestment Agreements with our Executive Officers*

 

On June 12, 2016, we entered into reinvestment agreements with our former CEO Mr. Clark and GSC-OZ Investment LLC, an entity controlled by Mr. Clark, pursuant to which the parties agreed to purchase, in the aggregate, 2,329,520 shares our common stock for an aggregate purchase price of $40,300,696. On August 1, 2016, we issued and sold these shares to Mr. Clark and GSC-OZ Investment LLC.

 

On June 12, 2016, we entered into a reinvestment agreement with each of Mr. Fey, our former President and COO, and Mr. Noviello, our former CFO, pursuant to which each of Mr. Fey and Mr. Noviello agreed not to transfer certain shares of common stock to be issued upon exercise of options held by Mr. Fey and Mr. Noviello. On August 1, 2017 these shares were released from transfer restrictions when our common stock achieved the specified volume weighted average trading price over a defined period as set forth in the agreements.

 

*Transactions with Starboard Value LP*

 

In September 2018, the Company entered into an agreement with Starboard Value LP and certain of its affiliates (collectively, “Starboard”) regarding, among other things, the membership and composition of the Board and committees thereof (the “Starboard Agreement”). Under the terms of the Starboard Agreement, the Company appointed Peter A. Feld and Dale L. Fuller to serve on the Board and agreed to nominate them for election to the Board at the Annual Meeting. The Starboard Agreement also provided that Robert S. Miller and Geraldine B. Laybourne would not stand for re-election as directors at the Annual Meeting and that, within 30 days after the Annual Meeting, the Company would appoint Richard S. “Rick” Hill to the Board and an additional director to the Board who would be selected by the then-appointed Board from a list of candidates mutually agreed by the Company and Starboard pursuant to the procedures described in the Starboard Agreement. On January 7, 2019, the Board appointed Mr. Hill and Sue Barsamian to the Board in accordance with this provision.  With respect to the Annual Meeting, Starboard has agreed to, among other things, vote all shares of the Company’s common stock beneficially owned by Starboard in favor of the Company’s director nominees and, subject to certain conditions, vote in accordance with the Board’s recommendations on all other proposals.

 

Pursuant to the Starboard Agreement, if at any time Starboard beneficially owns less than 3.0% of the Company’s then-outstanding common stock (the “Minimum Ownership Threshold”), Mr. Feld (or, if Mr. Feld is no longer serving on the Board, the substitute Starboard employee director who replaced Mr. Feld) will immediately resign from the Board. Furthermore, until the earlier of (x) 15 business days prior to the deadline for the submission of stockholder nominations for the 2019 Annual Meeting and (y) 90 days prior to the first anniversary of the Annual Meeting, for so long as Starboard satisfies the Minimum Ownership Threshold, Starboard also has certain additional rights to recommend or select substitute directors as provided in the Starboard Agreement.

 

*Aircraft Lease Agreement*

 

On November 9, 2017, the Company and Mr. Clark, our former CEO, entered into an Aircraft Lease Agreement (the “Aircraft Lease Agreement”) for the occasional lease by the Company of an aircraft owned by Mr. Clark. Under the Aircraft Lease Agreement, the Company will reimburse Mr. Clark for business travel on his aircraft at a rate of $2,500 per flight hour plus additional operating costs. The Nominating and Governance Committee of our Board of Directors approved the Aircraft Lease Agreement after completing a competitive analysis of comparable chartered aircraft rates, which showed that the reimbursement rate is at or below market rates for the charter of similar aircraft. The Nominating and Governance

 

57

----

Table of Contents

 

Committee during FY18 also adopted a Company-wide Aircraft Usage Policy, which governs the approved business usage of corporate aircraft, including Mr. Clark’s, and set an annual cap on the amount of expenses to be incurred by the Company under the policy at two million dollars. During FY19, we incurred approximately $2 million in fees for the aircraft owned by Mr. Clark. Please see “Executive Compensation and Related Information — Summary Compensation Table” on page 42 for more information.

 

**Board Independence**

 

It is the policy of the Board and NASDAQ’s rules require that listed companies have a board of directors with at least a majority of independent directors, as defined under NASDAQ’s Marketplace Rules. Currently, each member of our Board, other than our interim Chief Executive Officer, Richard S. Hill, is an independent director, and all standing committees of the Board are composed entirely of independent directors, in each case under NASDAQ’s independence definition. The NASDAQ independence definition includes a series of objective tests, such as that the director is not an employee of the company and has not engaged in various types of business dealings with the company. In addition, the Board has made a subjective determination as to each independent director that no relationship exists which, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. In making these determinations, the directors reviewed and discussed information provided by the directors and our company with regard to each director’s business and other activities as they may relate to Symantec and our management. Based on this review and consistent with our independence criteria, the Board has affirmatively determined that the following current directors are independent: Sue Barsamian, Frank E. Dangeard, Peter A. Feld, Dale L. Fuller, Kenneth Y. Hao, David W. Humphrey, David L. Mahoney, Anita M. Sands, Daniel H. Schulman, V. Paul Unruh and Suzanne M. Vautrinot.

 

**Item 14.* Principal Accountant Fees and Services***

 

We regularly review the services and fees from our independent registered public accounting firm, KPMG LLP (“KPMG”). These services and fees are also reviewed with the Audit Committee annually. In accordance with standard policy, KPMG periodically rotates the individuals who are responsible for Symantec’s audit. Symantec’s Audit Committee has determined that the providing of certain non-audit services, as described below, is compatible with maintaining the independence of KPMG.

 

In addition to performing the audit of Symantec’s consolidated financial statements, KPMG provided various other services during FY19 and FY18. Symantec’s Audit Committee has determined that KPMG’s provisioning of these services, which are described below, does not impair KPMG’s independence from Symantec. The aggregate fees billed for FY19 and FY18 for each of the following categories of services are as follows:

 
| **Fees Billed to Symantec** | ** ** | **FY19**  | ** ** | **FY18** | ** ** |
|--------------------------------------------|------------|-----------|------------|----------|------------|
| Audit   fees(1)                            |       | $         | 12,464,329 |     | $          | 11,370,525 |   |
| Audit   related fees(2)                    |       | 1,142,383 |       | 753,689  |       |
| Tax   fees(3)                              |       | 161,685   |       | 469,449  |       |
| All   other fees(4)                        |       | 0         |       | 311,000  |       |
| Total   fees                               |       | $         | 13,768,398 |     | $          | 12,904,663 |   |

 

----

The categories in the above table have the definitions assigned under Item 9 of Schedule 14A promulgated under the Exchange Act, and these categories include in particular the following components:

 

(1)                *“Audit fees”* include fees for audit services principally related to the year-end examination and the quarterly reviews of our consolidated financial statements, consultation on matters that arise during a review or audit, review of SEC filings, audit services performed in connection with our acquisitions and divestitures and statutory audit fees.

 

(2)                *“Audit related fees”* include fees which are for assurance and related services other than those included in Audit fees.

 

(3)                *“Tax fees”* include fees for tax compliance and advice.

 

(4)                *“All other fees”* include fees for all other non-audit services, principally for services in relation to certain information technology audits.

 

An accounting firm other than KPMG performs supplemental internal audit services for Symantec. Another accounting firm provides the majority of Symantec’s outside tax services.

 

58

----

Table of Contents

 

**Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm**

 

The Audit Committee’s policy is to pre-approve all audit and permissible non-audit services provided by the independent registered public accounting firm. These services may include audit services, audit-related services, tax services and other services. Pre-approval is detailed as to the particular service or category of services and is generally subject to a specific budget. The independent registered public accounting firm and management are required to periodically report to the Audit Committee regarding the extent of services provided by the independent registered public accounting firm in accordance with this pre-approval, and the fees for the services performed to date. The Audit Committee may also pre-approve particular services on a case-by-case basis.

 

All of the services relating to the fees described in the table above were approved by the Audit Committee.

 

**SIGNATURES**

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused Amendment No. 1 to this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Mountain View, State of California, on the 25th day of July 2019.

 
| ** ** | **SYMANTEC   CORPORATION** |
|------------|----------------------------|
|       |                       |   |
|       | By                         | /s/ Vincent Pilette |
| ** ** | ** **                 | **Vincent   Pilette** |
| * *   | * *                   | *Executive   Vice President and Chief Financial Officer* |

 

59

----

Table of Contents

 

**EXHIBIT INDEX**

 
| **Exhibit** | ** ** | ** **                                                                                                  | ** ** | **Incorporated by Reference** | ** ** | **Filed**         |
|-------------|------------|-------------------------------------------------------------------------------------------------------------|------------|-----------------------------------------|------------|-------------------|
| **Number**  | ** ** | **Exhibit Description**                                                                                | ** ** | **Form**                                | ** ** | **File No.** | ** ** | **Exhibit** | ** ** | **Filing Date** | ** ** | **Herewith** |
|        |       |                                                                                                        |       |                                    |       |              |   |   |   |   |   |   |
| 31.03       |       | Certification   of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley   Act of 2002 |       |                                    |       |              |   |   |   |   |   | X |
|        |       |                                                                                                        |       |                                    |       |              |   |   |   |   |   |   |
| 31.04       |       | Certification   of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley   Act of 2002 |       |                                    |       |              |   |   |   |   |   | X |

 

60

----