Viasat director logs RSU vesting and stock gifts
Viasat Inc. director Richard A. Baldridge reported compensation-related share movements and gifts of common stock.
Rhea-AI Filing Summary
Viasat Inc. director Richard A. Baldridge reported compensation-related share movements and gifts of common stock. He exercised 10,307 restricted stock units into common shares, consistent with a prior equity grant’s vesting schedule. Of the vested shares, 120 were withheld by the company to cover his tax obligations rather than sold in the market. He also made bona fide gifts totaling 20,374 common shares, split between his direct holdings and The Baldridge Family Trust, representing personal transfers with no sale proceeds.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,307 shares exercised/converted
Exercise
5 txns
Insider
BALDRIDGE RICHARD A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit | 10,307 | $0.00 | $0.00 |
| Exercise | $.0001 par value common stock | 10,307 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | $.0001 par value common stock | 120 | $67.18 | $8K |
| Gift | $.0001 par value common stock | 10,187 | $0.00 | $0.00 |
| Gift | $.0001 par value common stock | 10,187 | $0.00 | $0.00 |
Holdings After Transaction:
restricted stock unit — 10,307 contracts (Direct);
$.0001 par value common stock — 55,000 shares (Direct);
$.0001 par value common stock — 223,542 shares (Indirect, By Trust)
Footnotes (4)
- F1. 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.
- F2. These restricted stock units were granted to Richard A. Baldridge, who at the time of the grant was an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
- F3. The original restricted stock unit grant was for 41,230 units on 06/07/2023. Subject to the reporting persons election to defer the receipt of the common stock, the 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.
- F4. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
Key Figures
RSUs vested: 10,307 units
Shares withheld for taxes: 120 shares at $67.18
Direct gift: 10,187 shares
+2 more
5 metrics
RSUs vested
10,307 units
Restricted stock units converting into common stock on gift/vesting date
Shares withheld for taxes
120 shares at $67.18
Common shares withheld by Viasat to satisfy tax obligations
Direct gift
10,187 shares
Bona fide gift of common stock from direct holdings
Trust gift
10,187 shares
Bona fide gift of common stock from The Baldridge Family Trust
Original RSU grant
41,230 units
Grant dated June 7, 2023 with four annual vesting installments
Key Terms
restricted stock unit, bona fide gift, tax withholding obligation, The Baldridge Family Trust, +1 more
5 terms
restricted stock unit financial
"These restricted stock units were granted to Richard A. Baldridge..."
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.
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
tax withholding obligation financial
"withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person"
The Baldridge Family Trust financial
"the shares were contributed to The Baldridge Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Viasat (VSAT) director Richard Baldridge report in this Form 4?
Richard Baldridge reported vesting-related share activity and gifts of Viasat stock. 10,307 restricted stock units converted into common shares, 120 shares were withheld for taxes, and he made bona fide gifts totaling 20,374 shares from direct and trust holdings.
Were any of Richard Baldridge’s Viasat (VSAT) transactions open-market sales?
The filing does not show any open-market sales. One transaction reflects shares withheld by Viasat to satisfy Baldridge’s tax obligations, and two transactions are coded as bona fide gifts, indicating personal transfers with no sale proceeds.
How many Viasat (VSAT) restricted stock units vested for Richard Baldridge?
10,307 restricted stock units vested and converted into common shares. These units are part of an original grant of 41,230 units from June 7, 2023, which vests in four equal installments over several anniversaries of the grant date.
What is the size of Richard Baldridge’s Viasat (VSAT) stock gifts in this filing?
Baldridge made bona fide gifts totaling 20,374 Viasat common shares. One 10,187-share gift involved his direct holdings, and another 10,187-share gift involved shares held indirectly through The Baldridge Family Trust, as reflected in the Form 4 transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
