Form 4: Viasat Executive Vice President Mark Miller Reports Changes in Beneficial Ownership

Executive Vice President Mark Miller reports transactions involving Viasat stock, including vesting of restricted stock units and shares withheld for tax obligations.

Summary

• On July 7, 2024, Mark Miller, Executive Vice President of Viasat Inc., reported changes in beneficial ownership of Viasat stock.
• These changes include the vesting of 4,418 restricted stock units, which converted into common stock.
• 1,739 shares were withheld by Viasat to satisfy tax obligations related to the vesting.
• 2,679 shares were contributed to The Miller Family Trust.
• Miller indirectly owns 347,843 shares through a trust and 3,455 shares through a 401(k) plan.
• The original restricted stock unit grant was for 17,670 units on June 7, 2023, vesting in quarterly installments.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The restricted stock units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date and 1/4 on each of the second, third and fourth anniversary of the grant date.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units as a way to align management's interests with those of shareholders.
• Vesting schedules, like the quarterly installments described, are standard practice to incentivize long-term commitment.
• Tax withholding on vested shares is a common procedure to cover the executive's tax obligations.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
• The transactions have a minor impact on the overall shareholding structure of the company.

Key Dates