Viasat (NASDAQ: VSAT) SVP vests 20,620 RSUs, withholds shares for tax
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.
Positive
- None.
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Insider Trade Summary
Net Buyer: 10,928 shares
Net Buy
6 txns
Insider
Palmer Benjamin Edward
Role
SVP, Pres Commercial
| 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 |
Holdings After Transaction:
restricted stock unit — 35,320 shares (Direct);
$.0001 par value common stock — 32,087 shares (Direct)
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
RSUs vested and converted: 20,620 shares
Shares withheld for taxes: 9,692 shares
Tax withholding share price: $81.41 per share
+2 more
5 metrics
RSUs vested and converted
20,620 shares
Total restricted stock units converting into common stock on 2026-08-17
Shares withheld for taxes
9,692 shares
Common shares withheld to satisfy tax withholding obligation at vesting
Tax withholding share price
$81.41 per share
Per-share value applied to shares withheld for tax obligations
First RSU tranche exercised
5,000 units
Restricted stock units converting into common stock on 2026-08-17
Second RSU tranche exercised
15,620 units
Restricted stock units converting into common stock on 2026-08-17
Key Terms
restricted stock unit, tax withholding obligation, vest and convert, 1-for-1 basis
4 terms
restricted stock unit financial
"The original award was for 20,000 restricted stock units on 08/17/2023."
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.
tax withholding obligation financial
"withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person."
vest and convert financial
"the units vest and convert into shares of common stock of the Issuer"
1-for-1 basis financial
"convert into shares of common stock of the Issuer (on a 1-for-1 basis)"
FAQ
What insider equity transaction did VSAT report for Benjamin Edward Palmer?
VSAT reported that 20,620 restricted stock units held by Benjamin Edward Palmer vested and converted into common shares. These shares arose from previously granted RSUs that settled into common stock on August 17, 2026, under existing equity award terms.
What type of awards vested for the VSAT executive in this Form 4?
The awards were restricted stock units that convert into common stock on a 1-for-1 basis. The filing notes vesting events tied to prior RSU grants, which settled into Viasat common stock upon the vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.