Viasat Management

Management criteria checks 3/4

Viasat's CEO is Mark Dankberg, appointed in Jan 1986, has a tenure of 38.33 years. total yearly compensation is $7.00M, comprised of 19.5% salary and 80.5% bonuses, including company stock and options. directly owns 1.32% of the company’s shares, worth $28.53M. The average tenure of the management team and the board of directors is 4.7 years and 6.3 years respectively.

Key information

Mark Dankberg

Chief executive officer

US$7.0m

Total compensation

CEO salary percentage	19.5%
CEO tenure	38.3yrs
CEO ownership	1.3%
Management average tenure	4.7yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Dankberg's remuneration changed compared to Viasat's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$1b
Sep 30 2023	n/a	n/a	-US$952m
Jun 30 2023	n/a	n/a	-US$255m
Mar 31 2023	US$7m	US$1m	-US$218m
Dec 31 2022	n/a	n/a	-US$209m
Sep 30 2022	n/a	n/a	-US$196m
Jun 30 2022	n/a	n/a	-US$147m
Mar 31 2022	US$12m	US$1m	-US$115m
Dec 31 2021	n/a	n/a	-US$54m
Sep 30 2021	n/a	n/a	-US$14m
Jun 30 2021	n/a	n/a	US$9m
Mar 31 2021	US$9m	US$1m	-US$80m
Dec 31 2020	n/a	n/a	-US$2m
Sep 30 2020	n/a	n/a	-US$2m
Jun 30 2020	n/a	n/a	-US$1m
Mar 31 2020	US$12m	US$1m	-US$212k
Dec 31 2019	n/a	n/a	US$717k
Sep 30 2019	n/a	n/a	-US$16m
Jun 30 2019	n/a	n/a	-US$45m
Mar 31 2019	US$11m	US$1m	-US$68m
Dec 31 2018	n/a	n/a	-US$90m
Sep 30 2018	n/a	n/a	-US$104m
Jun 30 2018	n/a	n/a	-US$92m
Mar 31 2018	US$10m	US$1m	-US$67m

Compensation vs Market: Mark's total compensation ($USD7.00M) is above average for companies of similar size in the UK market ($USD2.16M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Dankberg (68 yo)

38.3yrs

Tenure

US$6,996,915

Compensation

Mr. Mark D. Dankberg serves as Executive Chairman at ViaSat, Inc. since November 3, 2020 and serves as its Chief Executive Officer since July 01, 2022. He co-founded ViaSat, Inc. in May 1986 and served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Dankberg	Co-Founder	38.3yrs	US$7.00m	1.32% $ 28.5m
Mark Miller	Co-Founder	no data	US$1.96m	0.28% $ 6.0m
Shawn Duffy	Senior VP & CFO	9.9yrs	US$2.17m	0.054% $ 1.2m
Kevin Harkenrider	Executive VP & Chief Corporate Officer	less than a year	US$2.69m	0.027% $ 578.9k
Craig Miller	President of Global Space Networks	3yrs	US$2.02m	0.013% $ 277.1k
Kumara Gowrappan	President	1.1yrs	no data	no data
Girish Chandran	Corporate Chief Technical Officer	less than a year	no data	0.028% $ 608.0k
Krishna Nathan	Chief Information Officer	4.7yrs	no data	0.041% $ 884.1k
Robert Blair	Senior VP	7yrs	no data	0.039% $ 848.0k
Christina Phillips	Director of Corporate Communications & Public Relations	no data	no data	no data
Keven Lippert	Executive VP of Strategic Initiatives & Chief Commercial Officer	5.7yrs	US$3.68m	0.0080% $ 172.1k
Paul Castor	Chief Corporate Counsel & VP	no data	no data	no data

4.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0LPE's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Dankberg	Co-Founder	38yrs	US$7.00m	1.32% $ 28.5m
Andrew Sukawaty	Independent Director	less than a year	no data	0.081% $ 1.8m
Richard Baldridge	Director	7.7yrs	US$4.85m	0.20% $ 4.3m
Robert Johnson	Independent Director	38.3yrs	US$239.04k	0.56% $ 12.0m
Theresa Wise	Independent Director	4.3yrs	US$241.54k	0.0062% $ 134.2k
John Stenbit	Independent Director	19.8yrs	US$249.04k	0.021% $ 444.1k
Rajeev Suri	Independent Director	less than a year	no data	0.21% $ 4.4m
Sean Pak	Lead Independent Director	6.3yrs	US$256.54k	0.0088% $ 189.4k
James Bridenstine	Independent Director	3.1yrs	US$221.54k	0.0050% $ 106.8k

6.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 0LPE's board of directors are considered experienced (6.3 years average tenure).

Viasat Management

Management criteria checks 3/4

Key information

Recent management updates

Varsha Rao Not to Stand for Re-Election as Class III Director of Viasat, Inc

Viasat, Inc. Announces Retirement of Rick Baldridge as Vice Chairman, Effective June 30, 2023

Insufficient new directors

Insider recently sold US$95k worth of stock

Insider recently sold US$90k worth of stock

Viasat, Inc., Annual General Meeting, Sep 01, 2022

Recent updates

Now 24% overvalued

Third quarter 2024 earnings released: US$0.99 loss per share (vs US$0.61 loss in 3Q 2023)

Viasat, Inc. Provides Revenue Guidance for the Fiscal Year 2024 and 2025

Viasat, Inc. to Report Q3, 2024 Results on Feb 06, 2024

UK Sovereign Satellite Navigation Overlay Successfully Demonstrated for First Time

Viasat, Inc. Introduces Business Choice Internet Service Plans with Up To 100 Mbps Coast-to-Coast

Viasat, Inc.'S Broadband Arctic Extension Closer as Spacecraft Complete Key Tests

Viasat, Inc. and Skylo Technologies Launch First Global Direct-To-Device Network

Viasat, Inc. Provides Revenue Guidance for the Fiscal Year 2024 and 2025

New minor risk - Profitability

Viasat, Inc. Provides Revenue Guidance for the Fiscal Year 2024 and 2025

Forecast breakeven date pushed back to 2025

Second quarter 2024 earnings released: US$6.16 loss per share (vs US$0.92 loss in 2Q 2023)

Viasat, Inc. to Report Q2, 2024 Results on Nov 08, 2023

Viasat, Inc. Provides an Interim Update on VS-3 F1 Satellite Status

Forecast to breakeven in 2024

Viasat Inc. Provides Status of Inmarsat-6 F2

Viasat, Inc. Provides Earnings Guidance for the Fiscal Year 2024

First quarter 2024 earnings released: US$0.83 loss per share (vs US$0.54 loss in 1Q 2023)

Viasat, Inc. to Report Q1, 2024 Results on Aug 09, 2023

Varsha Rao Not to Stand for Re-Election as Class III Director of Viasat, Inc

Viasat, Inc. Provides Status Update on ViaSat-3 Americas Satellite

Viasat, Inc. Announces Retirement of Rick Baldridge as Vice Chairman, Effective June 30, 2023

Forecast to breakeven in 2024

Viasat, Inc. (NasdaqGS:VSAT) completed the acquisition of Inmarsat Group Holdings Limited from Apax Partners LLP, Warburg Pincus LLC, Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan Board and others.

Viasat Inc. Next-Generation Ground-To-Space Encryption Solution Achieves National Security Agency Type-1 Certification

Full year 2023 earnings released: US$2.87 loss per share (vs US$0.21 loss in FY 2022)

Viasat, Inc. to Report Q4, 2023 Results on May 17, 2023

Insufficient new directors

Insider recently sold US$95k worth of stock

Third quarter 2023 earnings released: US$0.61 loss per share (vs US$0.089 loss in 3Q 2022)

Viasat, Inc. to Report Q3, 2023 Results on Feb 07, 2023

L3Harris Technologies, Inc. (NYSE:LHX) completed the acquisition of Link 16 Tactical Data Links Business from Viasat, Inc. (NasdaqGS:VSAT).

Viasat's Ka-Band In-Flight Connectivity System Achieves STC on Gulfstream G450 Aircraft

Insider recently sold US$90k worth of stock

Viasat, Inc. Announces Viasat-3 Satellite Completes Final Integrated Satellite Test

Viasat, Inc. Revises Earnings Guidance for the Fiscal Year 2023

Viasat, Inc. to Report Q2, 2023 Results on Nov 08, 2022

Viasat, Inc. Announces the ViaSat-3 Americas Satellite Has Completed Mechanical Environmental Testing

L3Harris Technologies, Inc. (NYSE:LHX) signed a definitive agreement to acquire Link 16 Tactical Data Links Business from Viasat, Inc. (NasdaqGS:VSAT) for $1.9 billion.

First quarter 2023 earnings released: US$0.29 loss per share (vs US$0.24 profit in 1Q 2022)

Viasat Inc Initiates Mechanical Integration on Viasat-3

Viasat, Inc. to Report Q1, 2023 Results on Aug 08, 2022

Viasat, Inc., Annual General Meeting, Sep 01, 2022

Viasat, Inc Appoints Mark Dankberg as Chief Executive Officer, Effective July 1, 2022

Viasat, Inc. Introduces Its Fastest Satellite Internet Service Plans, Bringing More Choice to Consumers

FAA Approves Viasat's Ka-Band In-Flight Connectivity System for Dassault Falcon 7X and 8X Aircraft

Viasat Inc. Receives an Award from U.S. Department of Defense

Full year 2022 earnings released: US$0.21 loss per share (vs US$0.056 profit in FY 2021)

Viasat, Inc. to Report Q4, 2022 Results on May 25, 2022

Viasat's VISION Network Management Platform Achieves Department of Defense Certification

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Viasat, Inc. to Report Q3, 2022 Results on Feb 03, 2022

Viasat Inc. Announces the Availability of Its Most Advanced Class of Large-Aperture Antennas

Independent Director recently bought US$66k worth of stock

Second quarter 2022 earnings released: EPS US$0.044 (vs US$0.029 in 2Q 2021)

Viasat, Inc. Wins Two Department of Defense Research Contracts to Help U.S. Warfighters Harness 5G Connectivity on the Battlespace

Viasat Inc. Introduces Next-Generation Data-At-Rest Encryption Storage Device for Global Defence Customers

First quarter 2022 earnings released: EPS US$0.24 (vs US$0.20 loss in 1Q 2021)

Viasat's First Viasat-3 Satellite Achieves Major Milestone; Viasat-3 (Americas) Currently at Boeing Undergoing Final Spacecraft Integration and Testing in Preparation for Launch

Viasat, Inc. (NasdaqGS:VSAT) completed the acquisition of RigNet, Inc. (NasdaqGS:RNET) from Houston Ventures, Millennium TVP Management Company, LLC, KKR & Co. Inc. (NYSE:KKR) and others.

Viasat, Inc. Secures Supplemental Type Certificate Approval to Install In-Flight Connectivity on Select Bombardier Challenger 600-Series Business Jets

Insider recently sold US$167k worth of stock

Insider recently sold US$174k worth of stock

Viasat Inc. Announces Viasat KG-142

Viasat, Gazprom Space Systems, TMC LLC Sign Strategic MOU Establishing a Multi-Year Roadmap of Cooperation to Bring In-Flight Connectivity Services to Russia

Viasat Inc. Demonstrates Major Advancement in Beyond Line of Sight Satellite Connectivity to a U.S. Army Rotary-Wing Helicopter

Third quarter 2021 earnings released: EPS US$0.098 (vs US$0.10 in 3Q 2020)

Revenue misses expectations