Form 4: Viasat Executive Transfers Shares to Trust in Recent Transaction

Kevin J. Harkenrider, EVP and Chief Corporate Officer of Viasat Inc., transferred 3,694 shares of common stock to a trust on November 20, 2024.

Summary

• Kevin J. Harkenrider, an executive at Viasat Inc., transferred 3,694 shares of the company's common stock to the Kevin and Andrea Harkenrider Trust on November 20, 2024.
• The transfer was a gift, with a price of $0 per share.
• Following the transaction, Mr. Harkenrider directly owns 0 shares and indirectly owns 34,022 shares through the trust and 4,582 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the satellite communications industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is similar to those of executives at other companies such as Hughes Network Systems, and Iridium Communications.
• The transfer of shares to a trust is a common estate planning strategy for executives.

Stakeholder Impact

• The transaction has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Viasat, insider trading, stock transfer, executive, Form 4, beneficial ownership, trust