Viasat names Guru Gowrappan President; $1M salary, $15M equity grants

VIASAT INC

Gowrappan, former Verizon Media Group CEO, appointed President effective April 13, 2023.
Compensation includes $1M base salary, 140% target bonus, RSUs ~$7.25M, performance options ~$7.75M.
Relocation bonus of $1M, subject to clawback if resigns within 365 days (full) or 366-730 days (50%).
Severance: cash equal to base + target bonus outside change-in-control; 2x sum plus full equity vesting upon change-in-control linked to Inmarsat deal.
New President to lead global operations and growth strategy; role coincides with pending Inmarsat acquisition and ViaSat-3 constellation.

item 5.02 item 9.01

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Appointed

Guru Gowrappan

President

VSAT · VIASAT INC

Effective: 2023-04-13
Filed: April 14, 2023, 7:59 PM ET

On April 13, 2023, Viasat, Inc. (“Viasat”) announced the appointment of Guru Gowrappan as Viasat’s President.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Guru Gowrappan was appointed as President at VIASAT INC.

Action: appointed
Role: President

Exact text from the filing

On April 13, 2023, Viasat, Inc. (“Viasat”) announced the appointment of Guru Gowrappan as Viasat’s President.

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Source: SEC EDGAR

accession 0001193125-23-102067

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