Form 4: Viasat Executive Dodd Exercises Stock Options and Sells Shares for Tax Obligations

James Michael Dodd, President of Global Mobile at Viasat, exercised stock options and sold shares to cover tax obligations on June 7, 2024.

Summary

• On June 7, 2024, James Michael Dodd, President of Global Mobile at Viasat, executed transactions involving Viasat's common stock.
• Dodd exercised 6,609 restricted stock units, converting them into an equal number of common stock shares.
• Simultaneously, Dodd disposed of 2,601 shares to satisfy tax withholding obligations related to the vesting of the restricted stock units at a price of $16.09 per share.
• After these transactions, Dodd directly owns 26,847 shares of Viasat common stock.
• Dodd also indirectly owns 1,924 shares through the Viasat 401(k) Plan, which includes 956 shares acquired since the last ownership report.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for executives to exercise stock options and sell a portion of the acquired shares to cover tax liabilities.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine executive stock transaction.

Key Dates