Viasat (NASDAQ: VSAT) CFO nets 42,239 shares after tax withholding
Rhea-AI Filing Summary
Viasat Inc. SVP and Chief Financial Officer Garrett L. Chase exercised restricted stock units and acquired 62,514 shares of common stock on February 17, 2026. These shares were issued at a price of $0.00 per share upon conversion of restricted stock units on a 1-for-1 basis.
To cover tax withholding obligations on this vesting, 28,046 shares of common stock were withheld by Viasat at $46.22 per share, as noted in the footnotes. After these transactions, Chase directly owned 42,239 shares of common stock and indirectly held 657 shares through a 401(k) plan.
The vested shares came from an original restricted stock unit grant of 187,542 units made on September 16, 2024, which vests in three equal installments on February 17 of 2025, 2026, and 2027, subject to forfeiture if employment with Viasat ends before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit | 62,514 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 62,514 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 28,046 | $46.22 | $1.30M |
| 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. The original restricted stock unit grant was for 187,542 restricted stock units on 09/16/2024. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/3 on each of February 17, 2025, 2026 and 2027. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.