The Big News from Viasat: Gary Chase Receives Restricted Stock Units

Carlsbad, Calif. – September 17, 2024

Exciting news from Viasat!

On September 16, 2024, the Board of Directors of Viasat, a global leader in satellite communications, made a major announcement. They granted 265,685 restricted stock units (RSUs) and 59,199 performance-based restricted stock units (PSUs) to Gary Chase, the Senior Vice President and Chief Financial Officer of the company. This move comes under the Company’s 2024 Employment Inducement Incentive Award Plan, also known as the Inducement Plan.

Now, let’s break down what this means for Gary Chase and Viasat. First of all, receiving RSUs and PSUs is a big deal in the corporate world. It shows that the company values Gary’s contributions and wants to incentivize him to continue his hard work. RSUs are shares of stock that are granted to employees as part of their compensation package. They typically vest over time, meaning that Gary will only be able to fully own them after a certain period of employment.

On the other hand, PSUs are granted based on the achievement of certain performance goals. This means that Gary will need to meet specific targets set by the company in order to receive these shares. It’s a way for Viasat to align Gary’s interests with those of the company and ensure that he is working towards the company’s long-term success.

So, what does this mean for Gary Chase? Well, first of all, it’s a great recognition of his hard work and dedication to Viasat. It also provides him with a valuable financial incentive to continue performing at a high level. By tying a portion of his compensation to the company’s performance, Viasat is ensuring that Gary is motivated to help the company succeed.

Now, let’s talk about how this news might impact you as an employee or shareholder of Viasat. Since Gary Chase is a key executive at the company, his performance and leadership directly impact the company’s overall success. By incentivizing him with RSUs and PSUs, Viasat is setting the stage for continued growth and innovation. This could potentially lead to positive outcomes for employees and shareholders alike, as a thriving company is likely to create more opportunities for advancement and financial gain.

On a broader scale, the granting of RSUs and PSUs to Gary Chase is a reflection of Viasat’s commitment to rewarding and retaining top talent. In today’s competitive business landscape, it’s more important than ever for companies to attract and retain skilled executives who can drive growth and innovation. By offering attractive incentive packages like RSUs and PSUs, Viasat is positioning itself as a desirable employer that values and invests in its employees.

Conclusion

In conclusion, the recent announcement from Viasat granting RSUs and PSUs to Gary Chase is a positive sign for the company’s future. It demonstrates Viasat’s commitment to rewarding and retaining top talent, and sets the stage for continued growth and innovation. As an employee or shareholder of Viasat, this news is likely to have a direct impact on your experience with the company, potentially leading to increased opportunities for advancement and financial gain. Overall, it’s an exciting time to be a part of the Viasat team!