Company: VSAT
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-165436
Chunk: 27

Company: VIASAT INC
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 27
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 have primarily granted stock options, restricted stock unit awards and performance stock unit awards because these forms of equity compensation provide a strong retention value and incentive for our employees to work to grow the business and build stockholder value, and are attractive to employees who share the entrepreneurial spirit that has made Viasat a success. Subject to ongoing compensation reviews, our executive officers receive a combination of restricted stock units and performance stock units as we believe the forms of these awards continue to drive strong retention value while promoting further alignment with stockholder interests by motivating executive officers to achieve superior performance results. We believe our strategy is working. During the last two years, our employee turnover rate, inclusive of both voluntary and involuntary turnover, has averaged 16.1%, which is lower than the annual employee turnover rate for companies in a similar industry based on our available benchmarks. We believe employee retention is particularly important to our success due to the extended time required to design, construct and launch our advanced satellite systems. Also, eligibility for our equity incentive program is broad-based, reflecting the business and talent needs of our business, which has worked to drive our efforts in building stockholder value by attracting and retaining extraordinarily talented employees. We believe we must continue to offer a competitive equity compensation plan in order to attract and motivate the world-class talent necessary for our continued growth and success. As of July 1, 2025, 45.6% of our employees held outstanding equity awards and all of our non-employeedirectors held outstanding equity awards. The Equity Plan Will No Longer Have Shares Available for Grant. Under our current forecasts, the Equity Plan will run out of shares available for grant during the remainder of fiscal year 2026 following the grants out of the Committed Award Pool, and we will not be able to continue to grant equity to our employees, non-employeedirectors and consultants unless our stockholders approve the Restated Equity Plan. This assumes we continue to grant awards consistent with our historical usage and current practices, as reflected in our historical burn rate discussed below. While we could increase cash compensation if we are unable to grant equity incentives, we anticipate that we will have difficulty attracting, retaining and motivating our employees if we are unable to grant equity awards to them. In addition, if the Restated Equity Plan is approved by our stockholders pursuant to this Proposal 4, we will not grant any future awards under the 2024 Inducement Plan. As a result, assuming approval of this Proposal 4, as of the date of the Annual Meeting,