Viasat Inc. DEF 14A: Executive Compensation Details
Ticker: VSAT · Form: DEF 14A · Filed: Jul 26, 2024 · CIK: 797721
Sentiment: neutral
Topics: executive-compensation, stock-awards, DEF14A
Related Tickers: VSAT
TL;DR
Viasat's 14A is out, detailing exec pay and stock awards for FY24. Check the numbers for Dankberg & NEOs.
AI Summary
Viasat Inc. filed its DEF 14A on July 26, 2024, for the fiscal year ending March 31, 2024. The filing details executive compensation, including awards granted to PEO Mark Dankberg and other NEOs. Specific financial data related to stock and option awards for fiscal years 2021 through 2024 are presented, with a focus on the fair value of awards granted and vested.
Why It Matters
This filing provides crucial transparency into how Viasat Inc. compensates its top executives, which can influence investor perception and corporate governance.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but the details on executive compensation and stock awards can reveal potential governance issues or significant financial commitments.
Key Numbers
- FY2024 — Fiscal Year End (Reporting period for executive compensation details.)
- FY2023 — Fiscal Year End (Previous fiscal year for comparative compensation data.)
- FY2022 — Fiscal Year End (Earlier fiscal year for comparative compensation data.)
- FY2021 — Fiscal Year End (Earliest fiscal year presented for compensation data.)
Key Players & Entities
- VIASAT INC (company) — Filer
- Mark Dankberg (person) — PEO and Member
- 0001193125-24-186197 (dollar_amount) — Accession Number
- 20240726 (dollar_amount) — Filing Date
- 20240905 (dollar_amount) — Period of Report
FAQ
What was the total compensation reported for PEO Mark Dankberg in FY2024?
The filing indicates that amounts reported under stock awards and option awards for PEO Mark Dankberg for the fiscal year ended March 31, 2024, are detailed within the document, though a specific total dollar amount is not immediately extractable without deeper analysis of the tables.
What is the filing date of this DEF 14A?
The filing date is July 26, 2024.
What is the period of report for this filing?
The conformed period of report is September 5, 2024.
Which fiscal years' compensation data is presented in this filing?
The filing presents data for the fiscal years ending March 31, 2024, 2023, 2022, and 2021.
What is the primary focus of the compensation data presented for non-PEO NEOs?
The filing details amounts reported under stock awards and option awards, as well as the ASC 718 fair value of awards granted during the applicable fiscal year that remain unvested as of the fiscal year end for non-PEO NEOs.
Filing Stats: 4,529 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-07-26 16:06:03
Key Financial Figures
- $8,960,679 — ary Compensation: Total Compensation: $8,960,679 (see full discussion in Executive Compe
- $1,365,000 — ensation section on p. 33) - Salary: $1,365,000 - Annual Performance Cash Incentive:
- $1,758,100 — - Annual Performance Cash Incentive: $1,758,100 - Long-Term Equity Incentives: $5,81
- $5,811,329 — 8,100 - Long-Term Equity Incentives: $5,811,329 - All Other Compensation: $26,250
- $26,250 — $5,811,329 - All Other Compensation: $26,250 CEO Employment Agreement: No Change
Filing Documents
- d803476ddef14a.htm (DEF 14A) — 1927KB
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- g803476markd.jpg (GRAPHIC) — 53KB
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- g803476theresawise.jpg (GRAPHIC) — 42KB
- 0001193125-24-186197.txt ( ) — 5862KB
- vsat-20240331.xsd (EX-101.SCH) — 6KB
- vsat-20240331_def.xml (EX-101.DEF) — 6KB
- vsat-20240331_lab.xml (EX-101.LAB) — 9KB
- vsat-20240331_pre.xml (EX-101.PRE) — 6KB
- d803476ddef14a_htm.xml (XML) — 470KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 33 Compensation Discussion and Analysis 33 Clawback Policies 46 Anti-Hedging and Pledging Policy 47 Compensation Committee Report 48 Summary Compensation Table 49 Grants of Plan-Based Awards in Fiscal Year 2024 50 Outstanding Equity Awards at 2024 Fiscal Year End 51 Option Exercises and Stock Vested in Fiscal Year 2024 53 Pension Benefits 53 Non-Qualified Deferred Compensation 53 Potential Payments Upon Termination 54 CEO Pay Ratio 56 Pay Versus Performance 57 Director Compensation 62 Compensation Committee Interlocks and Insider Participation 64 Equity Compensation Plan Information 64 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 65 Review and Approval of Related Party Transactions 65 Related Party Transactions 65 AUDIT COMMITTEE REPORT 66 OTHER MATTERS 67 APPENDIX A: 1996 EQUITY PARTICIPATION PLAN, AS AMENDED AND RESTATED A-1 2024 Proxy Statementi Table of Contents 6155 El Camino Real Carlsbad, California 92009 PROXY STATEMENT The Board of Directors of Viasat, Inc. (the Board) is soliciting the enclosed proxy for use at the annual meeting of stockholders to be held on September 5, 2024 at 8:30 a.m. Pacific Time, and at any adjournments or postponements of the meeting, for the purposes set forth in the notice of annual meeting of stockholders. This year's annual meeting will be a completely virtual meeting of stockholders and will be accessible via the internet at www.virtualshareholdermeeting.com/VSAT2024 . GENERAL INFORMATION About the Annual Meeting and Voting Why am I receiving this proxy statement? We sent you this proxy statement and the enclosed proxy card because Viasat's Board is soliciting your proxy to vote at the 2024 annual meeting of stockholders. This proxy statement summarizes the information you need to know to vote at the annual meeting. All stockholders who find it convenient to do so are cordially invited to atten
Executive Compensation
Executive Compensation CEO: Mark Dankberg (age 69) Fiscal Year 2024 Summary Compensation: Total Compensation: $8,960,679 (see full discussion in Executive Compensation section on p. 33) - Salary: $1,365,000 - Annual Performance Cash Incentive: $1,758,100 - Long-Term Equity Incentives: $5,811,329 - All Other Compensation: $26,250 CEO Employment Agreement: No Change-in-Control Agreement: Yes, double trigger Stock Ownership Guidelines: Yes CEO Stock Holding Policy: Yes Anti-Hedging and Pledging Policy: Yes Clawback Policy: Yes Items to be Voted On 1. The election of John Stenbit, Andrew Sukawaty and Theresa Wise as directors Board recommendation: FOR 2. Ratification of appointment of independent registered public accounting firm Board recommendation: FOR 3. Advisory vote on executive officer compensation Board recommendation: FOR 4. Amendment and restatement of 1996 Equity Participation Plan Board recommendation: FOR 2024 Proxy Statement5 Table of Contents CORPORATE GOVERNANCE PRINCIPLES AND BOARD MATTERS We are dedicated to maintaining the highest standards of business integrity. We believe that adherence to sound principles of corporate governance, through a system of checks, balances and personal accountability is vital to protecting Viasat's reputation, assets, investor confidence and customer loyalty. Above all, the foundation of Viasat's integrity is our commitment to sound corporate governance. Our Corporate Governance Guidelines and Guide to Business Conduct can be found on the Investor Relations section of our website at investors.viasat.com . Board Responsibilities Primary Responsibilities The Board of Directors is the company's governing body and is responsible for assuring that the long-term interests of the stockholders are being served. The Board is also responsible for overseeing Viasat's Chief Executive Officer and other senior management in the competent and ethical operation of the comp