Viasat (VSAT) director Jinhy Yoon awarded 1,231 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Viasat Inc. director Jinhy Yoon received a grant of 1,231 restricted stock units. Each unit represents a contingent right to receive one share of Viasat common stock, so the award covers 1,231 underlying shares.
The restricted stock units will vest and convert into common shares on the earlier 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. Following this grant, Yoon holds 1,231 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
YOON JINHY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | restricted stock unit | 1,231 | $0.00 | -- |
Holdings After Transaction:
restricted stock unit — 1,231 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock. 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.
Key Figures
RSUs granted: 1,231 units
Underlying common shares: 1,231 shares
Post-grant RSU holdings: 1,231 units
3 metrics
RSUs granted
1,231 units
Restricted stock unit award to director Jinhy Yoon
Underlying common shares
1,231 shares
Each RSU represents one share of Viasat common stock
Post-grant RSU holdings
1,231 units
Total restricted stock units held directly after the award
Key Terms
restricted stock unit, contingent right, vest, Non-Employee Director
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock."
vest financial
"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..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Non-Employee Director financial
"..., subject to the Non-Employee Director continuing in service on the Board through such vesting date."
FAQ
What insider transaction did Viasat (VSAT) report for director Jinhy Yoon?
Viasat reported that director Jinhy Yoon received a grant of 1,231 restricted stock units. These units are a form of equity compensation that can convert into 1,231 shares of Viasat common stock if vesting conditions are met.
When do Jinhy Yoon’s Viasat (VSAT) restricted stock units vest?
The restricted stock units vest on the earlier of the first anniversary of the grant date or the next annual stockholders’ meeting. Vesting is contingent on the non-employee director continuing to serve on Viasat’s board through the applicable vesting date.
Is Jinhy Yoon’s Viasat (VSAT) Form 4 transaction a market purchase or sale?
The Form 4 shows an acquisition of 1,231 restricted stock units as a grant, not a market trade. The transaction code is “A” for award, meaning it represents equity compensation rather than an open-market buy or sell of existing shares.
What does each Viasat (VSAT) restricted stock unit granted to Jinhy Yoon represent?
Each restricted stock unit represents a contingent right to receive one share of Viasat common stock. Actual share delivery occurs only if the vesting conditions are satisfied, tying the director’s compensation to continued service and company performance.