Form 4: Viasat CFO Garrett Chase Reports Stock Transactions
SEC Form 4 Filing
Garrett Chase, CFO of Viasat Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 17, 2025, Garrett L. Chase, the SVP and Chief Financial Officer of Viasat Inc., had 62,514 restricted stock units vest and convert into shares of common stock.
- Viasat withheld 19,137 shares to satisfy tax obligations at a price of $9.17 per share.
- Following these transactions, Chase directly owns 43,377 shares of Viasat common stock and 125,028 restricted stock units.
- The reported transactions relate to a restricted stock unit grant from September 16, 2024, which vests in three annual installments.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in two further tranches on February 17, 2026, and February 17, 2027, subject to continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and aligns their interests with shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for executives.
- Employees are indirectly impacted as this is part of the overall compensation structure.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Original restricted stock unit grant date for 187,542 units. |
| 02/17/2025 | Date of transaction: vesting of 62,514 restricted stock units and tax withholding. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
| 02/17/2026 | Next vesting date for 1/3 of the original restricted stock unit grant. |
| 02/17/2027 | Final vesting date for 1/3 of the original restricted stock unit grant. |
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