Viasat Director William LaPlante Receives RSU Award, Converts Derivatives

What Happened
William LaPlante, a director of Viasat, reported multiple derivative transactions on 2026-09-03. The filing shows a conversion/exercise entry for 6,388 derivative units (acquired at $0.00) and a matching disposition of 6,388 derivative units (disposed at $0.00), plus a grant of 3,485 restricted stock units (RSUs) recorded as an award (acquired at $0.00). All reported prices are $0, indicating these were internal derivative conversions/awards rather than market purchases or cash sales.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-08 (5 days later). Form 4s are normally due within two business days, so this filing was later than typical timeliness rules.
• Reported amounts: 6,388 derivative units exercised/converted (acquired) and 6,388 derivative units disposed (both at $0.00); 3,485 RSUs granted (acquired at $0.00).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes:
  • Each RSU represents a contingent right to one share of common stock (F1).
  • The RSUs vest and convert to shares on the earlier of the first anniversary of the grant or the next annual meeting, subject to continued board service (F2).
  • RSUs are forfeitable if the director’s service ends before vesting (F3).
• No cash proceeds or open-market trades were reported (these were derivative conversion/award entries).

Context
These entries reflect internal conversions/settlements and an award of RSUs to a non-employee director, not a market buy or sell. RSU grants are routine compensation for board service; they become actual shares only upon vesting and remain subject to forfeiture if the director leaves before vesting. The apparent late filing delays public transparency but does not change the nature of the transactions reported.