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Viasat (NASDAQ: VSAT) SVP vests 20,620 RSUs, withholds shares for tax

(Neutral)
(Neutral)
Form Type
4

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.

Negative

  • None.
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)
  1. 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.
  2. 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.
  3. 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.
  4. F4. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
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
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.

How many VSAT shares were withheld for taxes in this Form 4?

A total of 9,692 VSAT common shares were withheld to cover tax obligations. Footnote F1 clarifies these shares were not sold but offset from vested shares to satisfy the reporting person’s tax withholding requirement.

At what price were the VSAT shares used for tax withholding valued?

The shares withheld for taxes were valued at $81.41 per VSAT share. This price applies to the 2,350 and 7,342 shares withheld, determining the value used to satisfy the reporting person’s tax withholding obligation.

Did Benjamin Edward Palmer sell any VSAT shares on the open market in this filing?

No, the Form 4 states the withheld 9,692 shares were not sold by Benjamin Edward Palmer. Instead, they were retained by Viasat to satisfy his tax withholding obligation arising from the RSU vesting.

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.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Palmer Benjamin Edward

(Last)(First)(Middle)
6155 EL CAMINO REAL

(Street)
CARLSBAD CALIFORNIA 92009

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VIASAT INC [ VSAT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Pres Commercial
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
$.0001 par value common stock08/17/2026M5,000A$026,159D
$.0001 par value common stock08/17/2026F(1)2,350D$81.4123,809D
$.0001 par value common stock08/17/2026M15,620A$039,429D
$.0001 par value common stock08/17/2026F(1)7,342D$81.4132,087D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
restricted stock unit$008/17/2026M5,000 (2) (4)common stock5,000$05,000D
restricted stock unit$008/17/2026M15,620 (3) (4)common stock15,620$030,320D
Explanation of Responses:
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.
2. 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.
3. 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.
4. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
/s/ Stacy Nguyen, Attorney-in-Fact08/19/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)