KVH (KVHI) Director David Tolley Receives 13,499-Share Award

What Happened

• David Tolley, a director of KVH Industries (KVHI), was granted 13,499 restricted shares on 2026-08-20. The reported transaction shows an acquisition of 13,499 shares at $0.00 (a compensation award rather than a market purchase), total reported value $0. The award was issued under KVH’s amended and restated 2016 Equity & Incentive Plan.

Key Details

• Transaction date: 2026-08-20; filing date: 2026-08-24 (filed within required period).
• Transaction code: J (other acquisition or disposition) — here used for a restricted stock grant.
• Price: $0.00 per share; reported total consideration $0.
• Vesting: Restricted stock vests in four installments on 11/20/2026, 02/20/2027, 05/20/2027, and 08/20/2027, contingent on Mr. Tolley remaining a board member (per footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This is a director compensation award (restricted stock) rather than an open-market purchase or sale; vesting is service-based, so the grant reflects routine board compensation and does not by itself indicate a buy/sell signal.