Viasat director awarded 3,485 RSUs, 6,388 shares vest
Viasat director John P. Stenbit reported new RSU awards and an RSU-to-common stock conversion, increasing his direct and trust-held share positions.
Rhea-AI Filing Summary
VIASAT INC (VSAT) director John P. Stenbit reported equity compensation activity involving restricted stock units (RSUs) and common stock on September 3, 2026. He received a grant of 3,485 RSUs, each representing a contingent right to one share of Viasat common stock.
The RSUs vest and convert into common shares on the earlier of the first anniversary of grant or the next annual stockholders’ meeting, subject to his continued board service, and are subject to forfeiture if his directorship ends before vesting. On the same date, 6,388 RSUs were exercised and converted into 6,388 shares of common stock, resulting in 6,933 common shares held directly, plus 30,953 shares held indirectly by a trust. No transactions are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,388 shares exercised/converted
Exercise
4 txns
Insider
STENBIT JOHN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | restricted stock unit F1, F2 | 3,485 | $0.00 | $0.00 |
| Exercise | restricted stock unit F3 | 6,388 | $0.00 | $0.00 |
| Exercise | $.0001 par value common stock | 6,388 | $0.00 | $0.00 |
| holding | $.0001 par value common stock | -- | -- | -- |
Holdings After Transaction:
restricted stock unit — 3,485 contracts (Direct);
$.0001 par value common stock — 6,933 shares (Direct);
$.0001 par value common stock — 30,953 shares (Indirect, By Trust)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
- F2. The restricted stock units will vest and convert into shares of common stock of the Issuer on the first to occur of (i) the first anniversary of the date of grant or (ii) the next occurring annual meeting of the Company's stockholders, subject to the Non-Employee Director continuing in service on the Board through such vesting date.
- F3. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.
Key Figures
RSUs granted: 3,485 units
RSUs exercised: 6,388 units
Common shares acquired from RSU conversion: 6,388 shares
+3 more
6 metrics
RSUs granted
3,485 units
Restricted stock units granted to John P. Stenbit on September 3, 2026
RSUs exercised
6,388 units
Restricted stock units exercised and converted into common stock on September 3, 2026
Common shares acquired from RSU conversion
6,388 shares
Shares of $.0001 par value common stock received upon RSU conversion on September 3, 2026
Direct common shares after transaction
6,933 shares
Direct holdings of Viasat common stock following RSU conversion
Indirect common shares by trust
30,953 shares
Indirect Viasat common stock holdings reported as owned by a trust
RSU conversion price
$0.0000 per share
Reported conversion or exercise price for 6,388 RSUs on September 3, 2026
Key Terms
restricted stock unit, derivative security, Non-Employee Director, vesting
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Non-Employee Director financial
"subject to the Non-Employee Director continuing in service on the Board"
vesting financial
"The restricted stock units will vest and convert into shares of common stock"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did Viasat (VSAT) director John P. Stenbit receive in this Form 4?
John P. Stenbit received a grant of 3,485 restricted stock units (RSUs) on September 3, 2026. Each RSU represents a contingent right to receive one share of Viasat common stock, subject to vesting and continued service on the board.
How and when do the new RSUs for Viasat (VSAT) director John P. Stenbit vest?
The 3,485 RSUs vest and convert into Viasat common shares on the first to occur of the first anniversary of the grant date or the next annual meeting of stockholders, provided the Non-Employee Director continues serving on the board through that vesting date.
What RSU exercises or conversions did John P. Stenbit report for Viasat (VSAT)?
On September 3, 2026, 6,388 restricted stock units were exercised and converted into 6,388 shares of Viasat common stock at a reported conversion price of $0.0000 per share, reflecting the nature of the RSUs as compensation rather than a market purchase.
Does John P. Stenbit have indirect holdings of Viasat (VSAT) stock?
Yes. In addition to his direct holdings, there is an indirect position of 30,953 shares of Viasat common stock held by a trust, as reported in the Form 4 under indirect ownership "By Trust."
Are the reported Viasat (VSAT) RSUs subject to forfeiture conditions?
Yes. Until vested, the restricted stock units are subject to forfeiture if the directorship with Viasat ends. Continued service on the board is required through the vesting date for the RSUs to convert into common shares.
Were John P. Stenbit’s Viasat (VSAT) transactions under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no disclosure that the reported transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
