Company: KVHI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040173
Chunk: 22

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 22
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 | ​ | ​ |                 — | ​ | ​ |                  — | ​ | ​ |                                          — | ​ | ​ |                        508,271 | ​ | ​ |   622,896 | ​ |
| ​ |                                                2023 | ​ | ​ | 357,191 | ​ | ​ |     1,000 | ​ | ​ |     131,464 | ​ | ​ |           129,129 | ​ | ​ |             44,526 | ​ | ​ |                                     11,900 | ​ | ​ |                        675,210 | ​ |   |           |   |

(1) Amounts for 2024 reflect discretionary bonuses awarded in March 2024 to improve morale and promote retention after we announced a staged wind-down of our manufacturing operations and a related reduction-in-force and annual holiday bonuses of $1,000. Amounts for 2023 reflect annual holiday bonuses of $1,000 and, in the case of Mr. Bruun, a retention award granted in 2022, earned on December 31, 2023 and paid in 2024. (2) Amounts shown do not reflect compensation actually received by the named executive officer. Instead, the amounts shown represent the aggregate grant date fair value, computed using the closing price of our common stock on the date of grant in accordance with Accounting Standards Codification 718, Compensation – Stock Compensation (ASC 718), of restricted stock awards granted during each year, excluding the impact of estimated forfeitures related to service-based vesting conditions. (3) Amounts shown do not reflect compensation actually received by the named executive officer. Instead, the amounts shown represent the aggregate grant date fair value, computed using the Black-Scholes option pricing model in accordance with ASC 718, of options granted during each year, excluding the impact of estimated forfeitures related to service-based vesting conditions. The assumptions made to determine the value of these awards are set forth in Note 6 of our Consolidated Financial Statements included in our annual report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 10, 2025. (4) For 2024, the table reflects amounts that were earned under our management incentive compensation plan for 2024 performance and that were determined and paid in March 2025. For 2023, the table reflects amounts that were earned under our management incentive compensation plan for 2023 performance that were determined