Company: VSAT
Filing Date: 2025-05-27
Form Type: 10-K
Source: 0000950170-25-077138
Chunk: 136

Company: VIASAT INC
Filing Date: 2025-05-27
Form: 10-K
Item: Item 6
Chunk 136
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 RSU activity for fiscal year 2025 is presented below:  

         Number ofShares

         WeightedAverage GrantDate Fair Valueper Share

         Outstanding at March 31, 2024

         4,020,734

         $
         37.11

         Awarded

         3,704,379

         15.77

         Forfeited

         (391,204
         )

         25.09

         Vested

         (1,575,356
         )

         37.67

         Outstanding at March 31, 2025

         5,758,553

         $
         24.05

         Vested and deferred at March 31, 2025

         206,332

         $
         50.44

F-43

VIASAT, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (Continued) 

The total fair value of shares vested related to RSUs during the fiscal years 2025, 2024 and 2023 was $15.3 million, $34.1 million and $46.9 million, respectively. Performance-based restricted stock units. During fiscal year 2025, the Company granted performance-based restricted stock units with a market condition (such as stock price milestone) (market condition PSUs) and performance-based restricted stock units with a performance condition (such as an operational milestone) (performance condition PSUs) to executive officers and certain other high-level employees under the Equity Participation Plan and Inducement Plan. The Company’s market condition PSUs cliff vest at the end of three years and the Company's performance condition PSUs have a one year performance-based vesting period and a three-year time-based vesting schedule. The number of shares of market condition PSUs that will become eligible to vest is based on a comparison over a three-year performance period of the Company’s TSR to the TSR of the companies included in the Russell 3000 Index. The final number of market condition PSUs that will be issued will range from 0% to 175% of the target number of PSUs based on the Company’s relative TSR ranking for the performance period. The final number of shares of performance condition PSUs that will be issued will range from 0% to 175% of the target number of PSUs depending on the Company's performance for a given fiscal year period against pre-established targets. PSUs must be vested under both the