VSAT Form 4: Insider RSU conversion and performance option vesting
Rhea-AI Filing Summary
A Form 4 for Viasat Inc. (VSAT) reports equity transactions by a director. On 11/17/2025, the reporting person acquired 21,017 shares of common stock at $0 upon settlement of restricted stock units, then had 4,823 shares withheld by Viasat to cover taxes, leaving 71,194 shares held directly. On the same date, 16,194 shares were transferred out of direct ownership and the same number was recorded as held indirectly through a trust, which now holds 213,355 shares.
In the derivative table, 21,017 restricted stock units converted into common stock, and a performance-based stock option for 17,122 shares with a $53.43 exercise price became fully vested and exercisable after Viasat’s total shareholder return was certified for the four-year performance period.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock option (right to buy) | 17,122 | $0.00 | -- |
| Exercise | restricted stock unit | 21,017 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 21,017 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 4,823 | $33.36 | $161K |
| Gift | $.0001 par value common stock | 16,194 | $0.00 | -- |
| Gift | $.0001 par value common stock | 16,194 | $0.00 | -- |
Footnotes (1)
- 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. 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. The original restricted stock unit grant was for 87,451 units on 11/17/2021. Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock over a four year period commencing on 12/17/2022 and ending on 11/17/2025. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer. On November 17, 2021 the reporting person was granted an award of performance-based stock options, which vested based upon the Issuer's total shareholder return ("TSR") relative to the TSRs of the Issuer's peer companies over a four-year performance period (the "Relative TSR"). On November 18, 2025, the Compensation and Human Resources Committee of the Issuer's Board of Directors certified the Issuer's Relative TSR performance, resulting in the vesting of this award. The stock option is fully vested and currently exercisable.
FAQ
What insider transaction did Viasat (VSAT) report for 11/17/2025?
The director acquired 21,017 shares of Viasat common stock at $0 through the vesting of restricted stock units, with part of the shares withheld for taxes and the remainder held directly or via a trust.
What happened to the restricted stock units reported for Viasat (VSAT)?
Originally 87,451 restricted stock units were granted on 11/17/2021, vesting over four years. On 11/17/2025, 21,017 units vested and converted into Viasat common stock.
What performance-based stock options vested for the Viasat (VSAT) director?
A performance-based stock option award for 17,122 shares with a $53.43 exercise price vested after the Compensation and Human Resources Committee certified Viasat’s relative total shareholder return.