Form 4: Viasat Executive Reports Stock Vesting and Grant
Statement of Changes in Beneficial Ownership
Viasat SVP and General Counsel Robert James Blair reported the vesting of restricted stock units and a new equity grant.
Summary
- Robert James Blair, SVP and General Counsel of Viasat, Inc., executed a transaction involving the vesting of 18,264 restricted stock units (RSUs).
- A total of 8,178 shares were withheld by the company to satisfy tax obligations related to the vesting, at a price of $67.18 per share.
- The reporting person received a new grant of 24,574 restricted stock units.
- Following these transactions, the reporting person holds 49,294 shares directly and 242 shares indirectly via a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive equity compensation with no impact on company fundamentals.
Positives
- The transaction reflects standard equity compensation vesting and tax withholding procedures.
- The reporting person maintains a significant direct ownership stake of 49,294 shares.
Negatives
- The company withheld 8,178 shares to cover tax liabilities, which is a standard but non-cash-generating event for the shareholder.
Risks
- Unvested restricted stock units are subject to forfeiture if the reporting person's employment or service with the issuer terminates.
Future Outlook
The reporting person received a new grant of 24,574 restricted stock units that will vest in three equal installments on June 7, 2027, 2028, and 2029.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of executive compensation and does not indicate a change in strategic direction or financial performance for Viasat.
Comparison to Industry Standards
- The use of RSU vesting and tax withholding is standard practice for executive compensation in the telecommunications and satellite industry.
- The retention of shares by the executive aligns with typical corporate governance standards for long-term incentive alignment.
Stakeholder Impact
- No material impact on shareholders, employees, or customers as this is a standard executive compensation event.
Next Steps
- Future vesting of the newly granted 24,574 restricted stock units in 2027, 2028, and 2029.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Original grant date for the first batch of restricted stock units. |
| 01/31/2026 | Date of purchase for shares under the Employee Stock Purchase Plan. |
| 06/07/2026 | Date of the reported transactions (vesting and new grant). |
| 06/09/2026 | Date the Form 4 was signed and filed. |
| 06/07/2027 | Vesting date for remaining units and first installment of new grant. |
| 06/07/2028 | Second installment vesting date for the new grant. |
| 06/07/2029 | Third installment vesting date for the new grant. |
Keywords
Viasat, VSAT, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units
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