Viasat Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Viasat (NASDAQ: VSAT) has announced the granting of equity awards to Gary Chase, the company's new Senior Vice President and Chief Financial Officer, as part of his employment inducement package. The Board of Directors approved the following grants on September 16, 2024:
- 265,685 restricted stock units (RSUs)
- 59,199 performance-based restricted stock units (PSUs)
These awards were granted under Viasat's 2024 Employment Inducement Incentive Award Plan, in compliance with Nasdaq Listing Rule 5635(c)(4). The RSUs have different vesting schedules, while the PSUs will vest after a three-year performance period, with the actual number of units earned ranging from 0% to 175% of the target, based on Viasat's relative total shareholder return performance against the Russell 3000 Index.
Viasat (NASDAQ: VSAT) ha annunciato l'assegnazione di premi azionari a Gary Chase, il nuovo Vice Presidente Senior e Chief Financial Officer dell'azienda, come parte del suo pacchetto di incentivazione all'occupazione. Il Consiglio di Amministrazione ha approvato i seguenti conferimenti il 16 settembre 2024:
- 265,685 unità azionarie limitate (RSU)
- 59,199 unità azionarie limitate basate sulle performance (PSU)
Questi premi sono stati assegnati nell'ambito del Piano di Incentivazione per l'Occupazione 2024 di Viasat, in conformità con la Regola di Listing Nasdaq 5635(c)(4). Le RSU hanno diversi programmi di vesting, mentre le PSU saranno assegnate dopo un periodo di performance di tre anni, con il numero effettivo di unità guadagnate che varia dallo 0% al 175% dell'obiettivo, basato sulle performance relative del rendimento totale per gli azionisti di Viasat rispetto all'Indice Russell 3000.
Viasat (NASDAQ: VSAT) ha anunciado la concesión de premios en acciones a Gary Chase, el nuevo Vicepresidente Senior y Director Financiero de la compañía, como parte de su paquete de incentivación para el empleo. La Junta Directiva aprobó las siguientes concesiones el 16 de septiembre de 2024:
- 265,685 unidades de acciones restringidas (RSUs)
- 59,199 unidades de acciones restringidas basadas en el rendimiento (PSUs)
Estos premios se otorgaron bajo el Plan de Incentivos de Empleo 2024 de Viasat, en cumplimiento con la Regla de Listado 5635(c)(4) de Nasdaq. Las RSUs tienen diferentes cronogramas de adquisición, mientras que las PSUs se adquirirán después de un período de rendimiento de tres años, con el número real de unidades ganadas variando del 0% al 175% del objetivo, según el rendimiento total relativo para los accionistas de Viasat en comparación con el Índice Russell 3000.
Viasat (NASDAQ: VSAT)는 회사의 새로운 선임 부사장 겸 최고재무책임자(Gary Chase)에게 고용 유인 패키지의 일환으로 주식 보상을 부여했다고 발표했습니다. 이사회는 2024년 9월 16일 다음과 같은 보상을 승인했습니다:
- 265,685 제한 주식 유닛(RSU)
- 59,199 성과 기반 제한 주식 유닛(PSU)
이 보상은 Nasdaq 상장 규칙 5635(c)(4)를 준수하며 Viasat의 2024 고용 유인 인센티브 상여 계획에 따라 부여되었습니다. RSU는 서로 다른 조기 매입 일정이 있으며, PSU는 3년 성과 기간 후에 매입됩니다. 실제 획득된 단위 수는 목표 대비 0%에서 175%까지 다양합니다. 이는 Viasat의 주주 총 수익률 성과가 Russell 3000 지수에 비해 상대적으로 평가된 것입니다.
Viasat (NASDAQ: VSAT) a annoncé l'octroi de récompenses en actions à Gary Chase, le nouveau Vice-Président Senior et Directeur Financier de l'entreprise, dans le cadre de son package d'incitation à l'emploi. Le Conseil d'Administration a approuvé les subventions suivantes le 16 septembre 2024 :
- 265,685 unités d'actions restreintes (RSU)
- 59,199 unités d'actions restreintes basées sur la performance (PSU)
Ces récompenses ont été accordées dans le cadre du Plan d'Incentives à l'Emploi 2024 de Viasat, en conformité avec la Règle de Cotation Nasdaq 5635(c)(4). Les RSU ont différents calendriers d'acquisition, tandis que les PSU seront acquises après une période de performance de trois ans, le nombre réel d'unités gagnées variant de 0 % à 175 % de l'objectif, en fonction de la performance relative du rendement total pour les actionnaires de Viasat par rapport à l'Indice Russell 3000.
Viasat (NASDAQ: VSAT) hat die Gewährung von Aktienvergütungen an Gary Chase, den neuen Senior Vice President und Chief Financial Officer des Unternehmens, als Teil seines Anreizpakets für die Beschäftigung bekannt gegeben. Der Vorstand genehmigte die folgenden Vergaben am 16. September 2024:
- 265,685 eingeschränkte Aktieneinheiten (RSUs)
- 59,199 leistungsbasierte eingeschränkte Aktieneinheiten (PSUs)
Diese Auszeichnungen wurden im Rahmen des Viasat 2024 Employment Inducement Incentive Award Plans gewährt, gemäß der Nasdaq Listing Rule 5635(c)(4). Die RSUs haben unterschiedliche Vesting-Zeitpläne, während die PSUs nach einer drei Jahre dauernden Leistungsperiode vesten, wobei die tatsächliche Anzahl der verdienten Einheiten zwischen 0 % und 175 % des Ziels variieren kann, basierend auf der relativen Gesamtrendite für die Aktionäre von Viasat im Vergleich zum Russell 3000 Index.
- Appointment of a new Senior VP and CFO, Gary Chase, potentially bringing fresh leadership to the finance department
- Implementation of a performance-based incentive structure for the new CFO, aligning executive compensation with shareholder interests
- Use of both time-based (RSUs) and performance-based (PSUs) equity awards, promoting both retention and performance
- Potential dilution of existing shareholders due to the issuance of new equity awards
- Significant upfront equity compensation package for the new CFO, which may impact the company's expenses
The Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Viasat, or following a bona fide period of non-employment, as an inducement material to such individuals entering into employment with Viasat, pursuant to Nasdaq Listing Rule 5635(c)(4).
78,143 of the RSUs will vest in three equal annual installments beginning with the first anniversary of the grant date, subject to continued service through each applicable vesting date. 187,542 of the RSUs will vest in three equal installments occurring on February 17, 2025, 2026 and 2027. The PSUs will vest on the third anniversary of the grant date and following a three-year performance period, subject to continued service through the vesting date. Actual earned PSUs can range from
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on Facebook, Instagram, LinkedIn, X or YouTube.
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SOURCE Viasat, Inc.
FAQ
How many RSUs and PSUs did Viasat (VSAT) grant to its new CFO?
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