KVH Industries (KVHI) CEO sells shares to cover taxes on restricted stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KVH Industries CEO Brent C. Bruun reported an open-market sale of 2,230 shares of common stock at $7.598 per share. According to the filing, the shares were sold to pay taxes owed on a restricted stock grant that partially vested on June 8, 2026.
Following this tax-related sale, Bruun directly holds 167,394 shares of KVH Industries common stock. The transaction reflects a relatively small portion of his reported direct holdings and appears linked to equity compensation rather than a change in his overall ownership posture.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,230 shares ($16,944)
Net Sell
2 txns
Insider
BRUUN BRENT C
Role
CEO
Sold
2,230 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,230 | $7.598 | $17K |
| holding | Employee Stock Options-Right to Buy | -- | -- | -- |
Holdings After Transaction:
Common Stock — 167,394 shares (Direct, null);
Employee Stock Options-Right to Buy — 0 shares (Direct, null)
Footnotes (1)
- Shares sold to pay the taxes owed on a restricted stock grant that partially vested on June 8, 2026 Not applicable
Key Figures
Shares sold: 2,230 shares
Sale price: $7.598 per share
Shares held after transaction: 167,394 shares
+2 more
5 metrics
Shares sold
2,230 shares
Common stock sold on June 10, 2026
Sale price
$7.598 per share
Price for KVH Industries common stock in reported sale
Shares held after transaction
167,394 shares
Direct holdings of CEO Brent C. Bruun after sale
Transaction type
Open-market sale
Code S, sale in open market or private transaction
Reason for sale
Tax payment on restricted stock
Shares sold to pay taxes on June 8, 2026 vesting
Key Terms
open-market sale, restricted stock grant, Form 4, Employee Stock Options-Right to Buy
4 terms
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock grant financial
"taxes owed on a restricted stock grant that partially vested"
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
Form 4 regulatory
"reported an open-market sale of 2,230 shares of common stock at"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Employee Stock Options-Right to Buy financial
"Employee Stock Options-Right to Buy"
FAQ
What insider transaction did KVH Industries (KVHI) report for its CEO?
KVH Industries reported that CEO Brent C. Bruun sold 2,230 common shares. The sale was an open-market transaction disclosed on Form 4 and was carried out specifically to pay taxes on a restricted stock grant that partially vested on June 8, 2026.
Was the KVH Industries (KVHI) CEO’s transaction an open-market sale?
Yes, the Form 4 identifies the transaction with code “S,” described as a sale in the open market or a private transaction. The footnote clarifies that, while a sale, it was undertaken specifically to cover tax liabilities from a restricted stock vesting event.