Viasat exec vests 20,620 RSUs, withholds for tax
VIASAT INC (VSAT) reported that officer Benjamin Edward Palmer, SVP and President Commercial, had 20,620 restricted stock units vest and convert into an equal number of shares of common stock on August 17, 2026.
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Rhea-AI Filing Summary
VIASAT INC (VSAT) reported that officer Benjamin Edward Palmer, SVP and President Commercial, had 20,620 restricted stock units vest and convert into an equal number of shares of common stock on August 17, 2026. In connection with this vesting, 9,692 shares of common stock were withheld at $81.41 per share to satisfy tax withholding obligations, as disclosed, rather than sold in the market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit F2, F4 | 5,000 | $0.00 | $0.00 |
| Exercise | restricted stock unit F3, F4 | 15,620 | $0.00 | $0.00 |
| Exercise | $.0001 par value common stock | 5,000 | $0.00 | $0.00 |
| Tax Withholding | $.0001 par value common stock F1 | 2,350 | $81.41 | $191K |
| Exercise | $.0001 par value common stock | 15,620 | $0.00 | $0.00 |
| Tax Withholding | $.0001 par value common stock F1 | 7,342 | $81.41 | $598K |
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. 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.
- F3. The original restricted stock unit grant was for 45,940 units on 08/17/2025. The units vest and convert into shares of common stock (on a 1-for-1 basis) in three substantially equal installments on August 17, 2026, June 7, 2027 and June 7, 2028.
- 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
Key Terms
restricted stock unit financial
tax withholding obligation financial
vest and convert financial
1-for-1 basis financial
FAQ
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What insider equity transaction did VSAT report for Benjamin Edward Palmer?
What type of awards vested for the VSAT executive in this Form 4?
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