KVH Industries (KVHI) director gets 13,499 restricted shares
Rhea-AI Filing Summary
KVH INDUSTRIES INC (KVHI) reported that director David Tolley acquired 13,499 shares of common stock on August 20, 2026 through a restricted stock grant for his continued service on the board and its committees under the company’s amended and restated 2016 Equity & Incentive Plan. These restricted shares will vest in four installments on November 20, 2026, February 20, 2027, May 20, 2027, and August 20, 2027, subject to his continued board membership. Following this grant, Tolley holds 76,234 KVHI common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,499 shares
Net Buy
1 txn
Insider
Tolley David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 13,499 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 76,234 shares (Direct)
Footnotes (1)
- F1. Restricted stock grant for continued participation on KVH's board of directors (including various committee positions) issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan. Restricted stock will vest in four installments on each of 11/20/2026, 2/20/2027, 5/20/2027, 8/20/2027, provided Mr. Tolley is still a board member of KVH Industries, Inc.
Key Figures
Restricted stock grant: 13,499 shares
Grant price per share: $0.0000 per share
Shares owned after transaction: 76,234 shares
+1 more
4 metrics
Restricted stock grant
13,499 shares
Restricted stock awarded to David Tolley on 2026-08-20 for board service
Grant price per share
$0.0000 per share
Reported transaction price for the 13,499 restricted shares
Shares owned after transaction
76,234 shares
David Tolley’s direct KVHI common stock holdings following the grant
Number of vesting installments
4 installments
Restricted stock vests on 11/20/2026, 2/20/2027, 5/20/2027, 8/20/2027
Key Terms
Restricted stock, vest, Equity & Incentive Plan
3 terms
Restricted stock financial
"Restricted stock grant for continued participation on KVH's board of directors"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"Restricted stock will vest in four installments on each of 11/20/2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Equity & Incentive Plan financial
"issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan"
FAQ
What insider transaction did KVHI director David Tolley report on this Form 4?
David Tolley reported acquiring 13,499 shares of KVHI common stock on August 20, 2026 via a restricted stock grant issued for his continued service on the company’s board and committees under the amended and restated 2016 Equity & Incentive Plan.
Was David Tolley’s KVHI restricted stock grant made under a company equity plan?
Yes. The restricted stock grant of 13,499 KVHI shares to David Tolley was issued pursuant to the terms and conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan, as disclosed in the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.