Viasat (NASDAQ: VSAT) CFO receives 36,861 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chase Garrett L. reported acquisition or exercise transactions in this Form 4 filing.
Viasat Inc.’s Chief Financial Officer, Garrett L. Chase, received a grant of 36,861 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Viasat common stock on a 1-for-1 basis.
The RSUs vest in three substantially equal installments on June 7, 2027, June 7, 2028, and June 7, 2029, and are subject to forfeiture if his employment or service with Viasat ends before vesting. Following this award, he directly holds 36,861 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chase Garrett L.
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | restricted stock unit | 36,861 | $0.00 | -- |
Holdings After Transaction:
restricted stock unit — 36,861 shares (Direct, null)
Footnotes (1)
- 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
RSUs granted: 36,861 units
Post-grant RSU holdings: 36,861 units
Conversion ratio: 1-for-1
+4 more
7 metrics
RSUs granted
36,861 units
Restricted stock units granted to CFO on June 7, 2026
Post-grant RSU holdings
36,861 units
Total restricted stock units held directly after the grant
Conversion ratio
1-for-1
Each RSU converts into one share of common stock
First vesting date
June 7, 2027
First of three substantially equal vesting installments
Second vesting date
June 7, 2028
Second of three substantially equal vesting installments
Third vesting date
June 7, 2029
Final vesting installment for the RSU award
Grant price
$0.00 per unit
Compensation award; no cash paid by the CFO for RSUs
Key Terms
restricted stock unit, contingent right, vest, substantially equal installments, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock."
vest financial
"The units vest and convert into shares of common stock (on a 1-for-1 basis) in three substantially equal installments..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
substantially equal installments financial
"The units vest and convert into shares of common stock ... in three substantially equal installments on June 7, 2027, June 7, 2028 and June 7, 2029."
forfeiture financial
"Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service..."
FAQ
What did Viasat (VSAT) disclose about CFO Garrett Chase’s new equity award?
Viasat disclosed that CFO Garrett L. Chase received 36,861 restricted stock units. Each unit can convert into one share of common stock, providing equity-based compensation tied to his ongoing service with the company over several years.
How many restricted stock units did the Viasat (VSAT) CFO receive?
The Viasat CFO received 36,861 restricted stock units. These RSUs represent a potential future issuance of an equal number of Viasat common shares, subject to vesting conditions and continued employment or service with the company.
When do Garrett Chase’s Viasat (VSAT) restricted stock units vest?
The restricted stock units vest in three substantially equal installments on June 7, 2027, June 7, 2028, and June 7, 2029. Vesting spreads the equity compensation over time, encouraging longer-term retention and alignment with shareholder interests.
What does each restricted stock unit in Viasat (VSAT) represent?
Each restricted stock unit represents a contingent right to receive one share of Viasat common stock. The units convert on a 1-for-1 basis into shares as they vest, turning the grant into actual share ownership over time.
What conditions apply to the Viasat (VSAT) CFO’s RSU grant?
The RSU grant is subject to forfeiture if Garrett Chase’s employment or service with Viasat terminates before vesting. This condition ties the value of the award to his continued role with the company through the vesting dates.
How many Viasat (VSAT) RSUs does the CFO hold after this grant?
After this grant, the CFO holds 36,861 restricted stock units directly. These units will convert into shares of Viasat common stock only as they vest over the scheduled three-year period, assuming continued employment or service.