Company: VSAT
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-165436
Chunk: 92

Company: VIASAT INC
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 92
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 of his outstanding restricted stock units. Mr. Dixon remains eligible to vest in 55,534 of his performance-based stock options (at “target” levels). The remainder of Mr. Dixon’s equity awards were forfeited upon his termination of employment. Effective January 23, 2025, Mr. Gowrappan was terminated by Viasat and ceased serving as our President. Mr. Gowrappan and Viasat entered into an employment transition agreement, under which Mr. Gowrappan provided transition services to Viasat until April 30, 2025. During the transition period, Mr. Gowrappan provided advisory and transitional services to Viasat and continued to receive his base salary and other Viasat employee benefits, and his equity awards continued to vest in accordance with their terms. Pursuant to the transition agreement, Mr. Gowrappan was not eligible for an annual bonus for fiscal year 2025. Upon the expiration of the transition period and his resulting termination without cause, in exchange for Mr. Gowrappan’s execution of a general release of claims and compliance with applicable restrictive covenants, Viasat provided Mr. Gowrappan with the severance provided under his Severance Agreement for such an involuntary termination, which included a lump sum severance payment in the amount of $2,454,225, and accelerated vesting of 99,643 restricted stock units, representing those restricted stock units that would otherwise have vested during the twelve months following his termination of employment. Mr. Gowrappan also received an additional lump sum cash payment of $250,000. Under the transition agreement, Mr. Gowrappan remains eligible to vest in 230,943 of his performance-based stock options granted in April 2023 (at “target” levels), and 34,928 of his financial performance stock units vested in May 2025 upon certification of the financial performance for fiscal year 2025 under such awards. The remainder of Mr. Gowrappan’s equity awards were forfeited upon his termination of employment. CEO Pay Ratio In accordance with SEC rules, we are providing the ratio of the annual total compensation received during fiscal year 2025 by our CEO to the median of the annual total compensation received by all our employees (other than our CEO). Our median employee earned $176,865 in total compensation during the fiscal year ended March 31, 2025. Based upon the annual total compensation of Mr. Dankberg, our CEO,