Form 4: Viasat Executive Vice President Acquires Restricted Stock Units

Mark J. Miller, Executive Vice President of Viasat Inc., reports the acquisition of 29,412 restricted stock units.

Summary

• On June 7, 2024, Mark J. Miller, an Executive Vice President at Viasat Inc., acquired 29,412 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of Viasat Inc. common stock.
• The units vest and convert into shares of common stock at a rate of 1/3 on the 13th month anniversary of the grant date, 1/3 on the second anniversary, and 1/3 on the third anniversary.
• Until vested, the restricted stock units are subject to forfeiture upon termination of employment or service with Viasat.

Sentiment

Score: 6

Explanation: The document is a neutral report of stock unit acquisition. It doesn't inherently indicate positive or negative sentiment, but rather a standard executive compensation practice.

Negatives

• The restricted stock units are subject to forfeiture if employment is terminated before vesting.

Risks

• The value of the restricted stock units is contingent on continued employment with Viasat Inc.
• The actual value of the shares received upon vesting will depend on the market price of Viasat Inc. common stock at that time.

Future Outlook

The reporting person will receive Viasat, Inc. common stock as the restricted stock units vest over the next three years, contingent on continued employment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.

Stakeholder Impact

• Shareholders may view this as a standard part of executive compensation.
• Employees may see this as an incentive for executive performance.

Key Dates