Form 4: Viasat Director Richard Baldridge Reports Share Transactions

Viasat director Richard Baldridge reports the acquisition and disposal of company shares, including stock units and shares withheld for tax obligations.

Summary

• Richard Baldridge, a director at Viasat Inc., reported several transactions involving the company's common stock on November 17, 2024.
• These transactions include the acquisition of 41,070 shares and 26,818 shares through the vesting of restricted stock units, and the disposal of 14,252 shares to cover tax obligations.
• Additionally, 26,818 shares were transferred to The Baldridge Family Trust.
• The director also reported a non-discretionary liquidation of shares held in his 401(k) plan.
• Following these transactions, Mr. Baldridge directly owns 81,818 shares and indirectly owns 285,453 shares through a trust and an unspecified amount through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives receiving stock-based compensation and managing tax obligations.
• Similar filings can be seen across the technology and communications sectors, where stock options and restricted stock units are common forms of compensation.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to the vesting of previously granted stock units and tax obligations.
• The transactions provide transparency into the trading activities of company directors.

Key Dates

Keywords

Viasat, Richard Baldridge, stock transactions, restricted stock units, Form 4, insider trading, share disposal, share acquisition, tax withholding, 401k