Form 4: Viasat Executive Craig Miller Reports Stock Transactions

Viasat's President of Engineering and Global Space, Craig Miller, reported the acquisition and disposal of company stock and restricted stock units on November 17, 2024.

Summary

• Craig Miller, President of Engineering and Global Space at Viasat, reported several transactions involving Viasat stock and restricted stock units on November 17, 2024.
• He acquired 5,575 shares of common stock at $0 price due to vesting of restricted stock units.
• He disposed of 1,990 shares at $7.40 per share to cover tax obligations.
• Following these transactions, Miller directly owns 20,508 shares of Viasat stock.
• He also indirectly owns 2,269 shares through a 401(k) and 1,592 shares through his spouse.
• Additionally, Miller acquired 1,814 and 3,761 restricted stock units, which convert to common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and does not indicate any specific industry trends.

Comparison to Industry Standards

• Executive stock transactions are common across publicly traded companies, particularly in the technology sector.
• The vesting schedules for restricted stock units are typical, with vesting occurring over a period of several years.
• The tax withholding of shares is a standard practice to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

Viasat, stock, restricted stock units, insider trading, executive, Craig Miller, SEC Form 4, equity