KVH Industries (KVHI) grants CEO 200,000 stock options at $6
Rhea-AI Filing Summary
KVH Industries CEO Brent C. Bruun reported a grant of non-qualified employee stock options covering 200,000 shares of common stock at an exercise price of $6.00 per share. The grant was issued under KVH Industries' Amended & Restated 2016 Equity & Incentive Plan.
The options vest in four equal annual installments, with the first tranche scheduled to vest on March 5, 2027, provided he remains employed by the company at each vesting date. Following this grant, Bruun held 204,674 stock options and 171,673 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BRUUN BRENT C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Employee stock options - right to buy | 200,000 | $6.00 | $1.20M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee stock options - right to buy — 204,674 shares (Direct);
Common Stock — 171,673 shares (Direct)
Footnotes (1)
- Non-qualified stock option grant issued pursuant to the terms & conditions of the KVH Industries' Amended & Restated 2016 Equity & Incentive Plan. Options vests in four equal annual installments, the first of which will vest on 3/5/2027, provided the executive is employed by the Company at the time of vesting. Vested stock options beneficially owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did KVH (KVHI) CEO Brent C. Bruun report?
KVH CEO Brent C. Bruun reported receiving a non-qualified stock option grant for 200,000 shares at $6.00 per share. The grant was made under KVH Industries' Amended & Restated 2016 Equity & Incentive Plan as part of his equity compensation.
What is the vesting schedule of Brent Bruun’s new KVH (KVHI) stock options?
The 200,000 KVH stock options vest in four equal annual installments, with the first installment vesting on March 5, 2027. Each installment requires that Brent C. Bruun remain employed by KVH Industries at the applicable vesting date.
What is the exercise price of the KVH (KVHI) stock options granted to the CEO?
The non-qualified stock options granted to KVH CEO Brent C. Bruun have an exercise price of $6.00 per share. This price is the amount he must pay per share to exercise the options and acquire KVH common stock in the future.
How many KVH (KVHI) stock options does Brent Bruun hold after this grant?
After the new grant, Brent C. Bruun beneficially owned 204,674 stock options. This total reflects options reported as directly held following the transaction, including the newly issued non-qualified stock options under the company’s 2016 equity and incentive plan.
Under what plan were the KVH (KVHI) CEO’s stock options granted?
The 200,000 non-qualified stock options were granted under KVH Industries' Amended & Restated 2016 Equity & Incentive Plan. This plan governs the terms and conditions of the award, including vesting, employment requirements, and other standard equity grant provisions.