Form 4: Viasat CAO Executes Restricted Stock Unit Transactions
Statement of Changes in Beneficial Ownership
Viasat Chief Accounting Officer Camellia E. FitzGerald reported the vesting and settlement of restricted stock units alongside a new grant.
Summary
- Chief Accounting Officer Camellia E. FitzGerald acquired 2,703 shares of common stock through the vesting of restricted stock units (RSUs).
- A total of 970 shares were withheld by Viasat to satisfy tax obligations related to the RSU vesting.
- The reporting person received a new grant of 4,505 restricted stock units.
- Following these transactions, the reporting person holds 10,560 shares directly, plus indirect holdings in a 401(k) and via spouse.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding executive compensation that does not signal a change in company strategy or financial health.
Positives
- The transaction reflects standard equity compensation vesting and tax withholding, indicating alignment between executive compensation and shareholder interests.
Negatives
- None identified; this is a routine compensatory transaction.
Risks
- Unvested restricted stock units are subject to forfeiture upon termination of employment or service with the issuer.
Future Outlook
The reporting person received a new grant of 4,505 restricted stock units that will vest in three equal annual installments starting June 7, 2027, contingent upon continued employment.
Industry Context
StockSavvy.ai notes that this filing represents standard executive equity management within the aerospace and satellite communications sector, where RSU-based compensation is a common tool for talent retention.
Comparison to Industry Standards
- The use of RSU vesting and tax withholding is consistent with standard corporate governance practices for publicly traded technology and aerospace firms.
- The vesting schedule for the new grant (three-year cliff/installment) aligns with typical industry retention programs.
Stakeholder Impact
- Minimal impact on shareholders as these are standard compensatory equity movements.
Next Steps
- Vesting of the new 4,505 RSU grant in three equal installments on June 7, 2027, 2028, and 2029.
Key Dates
| Date | Description |
|---|---|
| 06/07/2022 | Original grant date for the 815 RSU tranche. |
| 06/07/2024 | Original grant date for the 7,500 RSU tranche. |
| 06/07/2026 | Date of RSU vesting, tax withholding, and new RSU grant. |
| 06/09/2026 | Date of filing. |
| 06/07/2027 | First vesting installment for the new 4,505 RSU grant. |
| 06/07/2028 | Second vesting installment for the new 4,505 RSU grant. |
| 06/07/2029 | Third vesting installment for the new 4,505 RSU grant. |
Keywords
Viasat, VSAT, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Chief Accounting Officer
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