Form 4: Viasat Executive Girish Chandran Reports Stock Transactions
SEC Form 4 Filing
Viasat's VP and CTO, Girish Chandran, reports acquisition and disposal of company stock related to restricted stock units and tax obligations.
Summary
- On July 7, 2024, Girish Chandran, VP and CTO of Viasat Inc., reported transactions involving Viasat common stock.
- Chandran acquired 3,682 shares upon vesting of restricted stock units at a price of $0.
- He also disposed of 1,980 shares to cover tax withholding obligations at a price of $14.39 per share.
- Following these transactions, Chandran directly owns 33,872 shares and indirectly owns 3,703 shares through a 401(k) plan and 176 shares through a spouse's 401(k).
- He also holds 11,043 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence and regulatory compliance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Original restricted stock unit grant for 14,725 units. |
| 07/07/2024 | Date of stock transactions (acquisition and disposal). |
| 07/09/2024 | Date of signature by Attorney-in-Fact. |
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