VSAT Form 4: 78,750 Restricted Stock Units Granted to CFO
Rhea-AI Filing Summary
Chase Garrett L., SVP and Chief Financial Officer of Viasat, Inc. (VSAT), was granted 78,750 restricted stock units on 08/17/2025. Each unit converts 1-for-1 into a share of Viasat common stock and the filing reports 78,750 shares beneficially owned by the reporting person following the grant at a reported price of $0. The units vest in three tranches if not deferred: 34% on September 17, 2026; 33% on June 7, 2027; and 33% on June 7, 2028. Until vesting, the units are subject to forfeiture upon termination of employment or service. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 08/19/2025.
Positive
- 78,750 restricted stock units were granted to the reporting person, increasing reported beneficial ownership to 78,750 shares.
- Vesting schedule disclosed: 34% on 09/17/2026, 33% on 06/07/2027, and 33% on 06/07/2028, providing clear timelines for share delivery.
Negative
- Units are subject to forfeiture until vested if employment or service terminates.
- No performance-based conditions disclosed in the filing; award appears purely service/retention based.
Insights
TL;DR: Routine executive equity grant disclosed; vesting schedule and forfeiture conditions are standard for retention-based awards.
The Form 4 documents a non-cash equity award of 78,750 restricted stock units to the company's SVP and CFO, recorded as direct beneficial ownership following the grant. The disclosed vesting schedule splits the award across three dates over roughly three years, which is consistent with multi-year retention incentives. The filing indicates forfeiture upon termination prior to vesting and an option for the reporting person to defer receipt, both of which affect timing of share delivery but are typical terms in executive compensation. As presented, there are no disclosures of immediate sales, conversions, or other transactions that would materially change outstanding ownership beyond the grant itself.
TL;DR: The grant increases the executive's equity stake by 78,750 RSUs; vesting timing could influence future dilution and retention.
This Form 4 shows an award of 78,750 restricted stock units that convert on a 1-for-1 basis into common shares. The grant price is reported as $0, indicating a service-based equity award rather than a purchase. Vesting occurs in three installments (34% then two 33% tranches) across 2026–2028, which staggers potential share issuance and aligns the executive’s economic interest with future performance or tenure. The RSUs are forfeitable until vested, a standard risk-mitigation feature for employers. The disclosure does not state performance conditions or additional acceleration triggers.