Form 4: Viasat SVP Craig Miller Reports Vesting and Tax-Related Share Transactions

Viasat's Senior Vice President of Strategic Initiatives, Craig Miller, reported the vesting of 9,804 restricted stock units and the subsequent disposition of 3,508 shares for tax withholding purposes.

Summary

• Craig Miller, SVP, Strategic Initiatives at Viasat Inc. (VSAT), reported transactions on July 7, 2025.
• Acquired 9,804 shares of common stock upon the vesting of restricted stock units.
• Disposed of 3,508 shares of common stock at a price of $15.93 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Miller directly owns 35,695 shares, 4,209 shares indirectly through a 401(k), and 1,592 shares indirectly through a spouse.
• Miller's remaining beneficial ownership of derivative securities (restricted stock units) is 19,608 units.
• The original restricted stock unit grant was for 29,412 units on June 7, 2024, with vesting scheduled at a rate of 1/3 on the 13th month anniversary, 1/3 on the second anniversary, and 1/3 on the third anniversary of the grant date.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU vesting and tax withholding sale), which is neutral in sentiment. It reflects standard operational procedures rather than significant positive or negative news.

Positives

• Vesting of 9,804 restricted stock units indicates continued employee retention and alignment of interests with shareholders.
• The acquisition of shares increases the direct ownership stake of a key executive.

Negatives

• Disposition of 3,508 shares for tax withholding purposes reduces the executive's direct shareholding, although this is a standard practice for RSU vesting.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The reported transactions involve an executive (Craig Miller) and the company (Viasat Inc.), which are considered related party transactions under SEC rules, specifically the vesting of restricted stock units and the subsequent tax withholding sale.

Stakeholder Impact

• Shareholders: The vesting and tax-related sale of shares by a senior executive is a routine event and generally has minimal direct impact on share price or shareholder value, though it reflects ongoing executive compensation practices.
• Employees: The RSU vesting demonstrates the company's compensation structure for executives, which can influence employee perception of compensation fairness and retention strategies.

Next Steps

• Remaining restricted stock units will vest in future installments on the second and third anniversaries of the June 7, 2024 grant date.

Key Dates

Keywords

Viasat, VSAT, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership, Craig Miller, Tax Withholding