Form 4: Viasat Director Rajeev Suri Reports Stock Transactions
SEC Form 4 Filing
Director Rajeev Suri reports the vesting of restricted stock units into Viasat common stock.
Summary
- On May 30, 2024, Rajeev Suri, a director of Viasat Inc., reported the vesting of 1,000 restricted stock units (RSUs) into common stock.
- This transaction was executed under transaction code 'M', indicating the exercise or conversion of a derivative security.
- Following the transaction, Suri directly owns 259,051 shares of Viasat common stock and 2,000 restricted stock units.
- The RSUs vest in three tranches: 1/3 on the first, second, and third anniversaries of the grant date (May 30, 2023).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 05/30/2023 | Original grant date of 3,000 restricted stock units. |
| 05/30/2024 | Vesting of 1,000 restricted stock units. |
| 06/03/2024 | Date of signature by Attorney-in-Fact. |
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