VSAT Form 4 — Executive Receives 5,000 Shares, Ownership Corrected
Rhea-AI Filing Summary
Viasat, Inc. (VSAT) Form 4 reports insider transactions by Benjamin Edward Palmer, President, Maritime. On 08/17/2025 Mr. Palmer received 5,000 common shares through conversion/issuance (reported as a non-derivative acquisition at $0) and had 2,350 shares withheld by the issuer to satisfy tax-withholding at an effective price of $27.10 per share. Following these transactions the reporting person beneficially owned 30,611 shares, reflecting a correction that reduced prior reported ownership by 500 shares. The filing also lists vested restricted stock units and remaining unvested units subject to forfeiture.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider received vested equity and had shares withheld for taxes; ownership corrected downward by 500 shares—routine executive compensation activity.
The Form 4 shows conversion/issuance of 5,000 shares (code M) and tax withholding of 2,350 shares (code F) at $27.10 per share, which were not sold but offset against vested awards. The report includes a correction reducing previously reported beneficial ownership by 500 shares, indicating an administrative adjustment to prior disclosure. Overall, these are compensation-related movements rather than open-market trades; they have limited immediate market impact but are relevant for tracking insider ownership and dilution.
TL;DR: Transactions reflect standard equity compensation vesting and tax withholding with an ownership correction; governance implications are administrative.
The filing documents scheduled vesting mechanics for restricted stock units awarded in 2023 and their conversion schedule, including remaining unvested tranches and forfeiture provisions. The corrected ownership figure (500-share reduction) should be noted by compliance teams to ensure historical accuracy of insider holdings. These items are procedural and do not indicate a change in control or material corporate event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit | 5,000 | $0.00 | -- |
| Exercise | restricted stock unit | 45,940 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 5,000 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 2,350 | $27.10 | $64K |
Footnotes (1)
- The number of shares of common stock beneficially owned following the transactions reported herein reflects a correction to the Reporting Person's total share ownership, which was inadvertently overstated by 500 shares on the Form 4 filed June 10, 2025. This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer. The original award was for 20,000 restricted stock units on 08/17/2023. Subject to the Reporting Person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer (on a 1-for-1 basis) in four (4) equal annual installments beginning on 08/17/2024. 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 (on a 1-for-1 basis) at the rate of 34% on August 17, 2026; 33% on June 7, 2027; and 33% on June 7, 2028. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
