Form 4: Viasat Executive Kevin J. Harkenrider Reports Stock Transactions
SEC Form 4
EVP Kevin J. Harkenrider reports acquisition and disposal of Viasat Inc. common stock and restricted stock units related to tax obligations and deferred compensation.
Summary
- On November 10, 2024, Kevin J. Harkenrider, EVP and Chief Corporate Officer of Viasat Inc., reported transactions involving the company's common stock and restricted stock units.
- Harkenrider acquired 7,918 shares of common stock upon the vesting of restricted stock units.
- 4,224 shares were disposed of to satisfy tax withholding obligations at a price of $8.99 per share.
- The transactions also involved the vesting of several deferred restricted stock unit grants from 2010, 2011, 2012 and 2013.
- Harkenrider directly owns 3,694 shares and indirectly owns 30,328 shares via a trust and 4,582 shares via a 401(k).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 11/10/2010 | Original deferred restricted stock unit grant for 12,500 restricted stock units. |
| 12/10/2011 | 1/4 of the 2010 restricted stock units vested and converted into shares of common stock. |
| 11/10/2011 | Original deferred restricted stock unit grant for 6,667 restricted stock units. |
| 11/10/2012 | 1/4 of the 2010 restricted stock units vested and converted into shares of common stock. |
| 12/10/2012 | 1/4 of the 2011 restricted stock units vested and converted into shares of common stock. |
| 11/12/2012 | Original deferred restricted stock unit grant for 6,667 restricted stock units. |
| 11/10/2013 | 1/4 of the 2010 and 2011 restricted stock units vested and converted into shares of common stock. |
| 12/10/2013 | 1/4 of the 2012 restricted stock units vested and converted into shares of common stock. |
| 11/14/2013 | Original deferred restricted stock unit grant for 5,833 restricted stock units. |
| 11/10/2014 | 1/4 of the 2010, 2011 and 2012 restricted stock units vested and converted into shares of common stock. |
| 12/10/2014 | 1/4 of the 2013 restricted stock units vested and converted into shares of common stock. |
| 11/10/2024 | Reported transaction date: Acquisition of 7,918 shares and disposal of 4,224 shares for tax obligations. |
| 11/12/2024 | Date of signature for the Form 4 filing. |
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