Viasat (VSAT) CAO awarded 4,505 RSUs and has shares withheld for taxes
Rhea-AI Filing Summary
Viasat Inc. Chief Accounting Officer Camellia E. FitzGerald reported compensation-related equity activity involving company common stock and restricted stock units. She received a grant of 4,505 restricted stock units that each represent a contingent right to one share of common stock, vesting in three equal installments on June 7 of 2027, 2028 and 2029. She also exercised previously granted restricted stock units covering 2,703 shares of common stock, and 970 shares were withheld by Viasat at a price of $67.18 per share to satisfy tax obligations rather than being sold in the market. Indirect holdings include shares held by her spouse and 180 shares accumulated under the Viasat 401(k) Plan since her prior ownership report.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit | 203 | $0.00 | -- |
| Exercise | restricted stock unit | 2,500 | $0.00 | -- |
| Grant/Award | restricted stock unit | 4,505 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 203 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 72 | $67.18 | $5K |
| Exercise | $.0001 par value common stock | 2,500 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 898 | $67.18 | $60K |
| holding | $.0001 par value common stock | -- | -- | -- |
| holding | $.0001 par value common stock | -- | -- | -- |
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. Includes 180 shares of common stock the Reporting Person acquired under the Viasat 401(k) Plan since the date of the Reporting Person's last ownership report. The original restricted stock unit grant was for 815 units on 06/07/2022. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/4 on the first anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date. The original restricted stock unit grant was for 7,500 units on 06/07/2024. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/3 on the first anniversary of the grant date; 1/3 on the second anniversary of the grant date; and 1/3 on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock. The units vest and convert into shares of common stock (on a 1-for-1 basis) in three substantially equal installments on June 7, 2027, June 7, 2028 and June 7, 2029. 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
Viasat 401(k) Plan financial
contingent right financial
forfeiture financial
FAQ
What equity transactions did Viasat (VSAT) officer Camellia FitzGerald report?
Camellia FitzGerald reported a new grant of 4,505 restricted stock units and the exercise of previously granted units into 2,703 shares of Viasat common stock. The filing also shows tax-related share withholdings and updated indirect holdings through her spouse and the Viasat 401(k) Plan.
What are the terms of the new 4,505 restricted stock units for Viasat (VSAT)?
The 4,505 restricted stock units each represent a contingent right to one Viasat common share. They vest and convert into stock in three substantially equal installments on June 7, 2027, June 7, 2028 and June 7, 2029, and remain forfeitable until vested.
What indirect Viasat (VSAT) holdings does Camellia FitzGerald report?
The filing lists indirect ownership of Viasat common stock held by her spouse and through a Viasat 401(k) Plan account. A footnote specifies that 180 shares of common stock were acquired under the 401(k) Plan since her last ownership report and are included in that balance.