Form 4: Viasat Director Richard A. Baldridge Reports Changes in Beneficial Ownership

Richard A. Baldridge, a director at Viasat Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock due to vesting of restricted stock units and associated tax obligations.

Summary

• On July 7, 2024, Richard A. Baldridge, a director of Viasat Inc., reported changes in his beneficial ownership of Viasat common stock.
• These changes involve the vesting of 10,308 restricted stock units, which converted into shares of common stock.
• 368 shares were withheld by Viasat to cover the reporting person's tax obligations at a price of $14.39 per share.
• 9,940 shares were contributed to The Baldridge Family Trust.
• Baldridge directly owns 9,940 shares and indirectly owns 257,035 shares through a trust and 211 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Key Dates