Form 4: Viasat Executive James Michael Dodd Reports Stock Transactions

James Michael Dodd, President of Global Mobile at Viasat, reported the acquisition and disposal of Viasat common stock on July 7, 2024, including shares acquired through restricted stock unit vesting and shares withheld for tax obligations.

Summary

• On July 7, 2024, James Michael Dodd, President of Global Mobile at Viasat Inc., reported transactions involving Viasat common stock.
• Dodd acquired 4,418 shares through the vesting of restricted stock units.
• Simultaneously, 1,739 shares were withheld by Viasat to cover Dodd's tax obligations at a price of $14.39 per share.
• Following these transactions, Dodd directly owns 29,526 shares of Viasat common stock.
• Dodd also indirectly owns 1,924 shares through the Viasat 401(k) Plan.
• The original restricted stock unit grant was for 17,670 units on June 7, 2023, vesting in quarterly installments starting on the 13th-month anniversary.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider stock transactions, which are common for executives at publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedule of the restricted stock units (quarterly installments starting after 13 months) is a common vesting structure.
• Tax withholding through share offsets is a typical method for handling tax obligations related to stock-based compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates