Company: KVHI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040173
Chunk: 32

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 32
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 result in a higher after-tax payment to the executive. The agreement also includes additional provisions intended to ensure compliance with Section 409A of the Code. KVH Industries, Inc. 2025 Proxy Statement 22

TABLE OF CONTENTS COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS Director Compensation Director Compensation Program for 2024

Our director compensation program for 2024 was designed to provide a majority of the directors’ compensation in the form of equity awards and the remainder of the directors’ compensation in cash in the form of annual retainers and meeting fees. Directors who were employees did not receive separate compensation for their services as directors. We paid directors serving as employees as set forth in the “Summary Compensation Table For 2024”. Our director compensation program for 2024 continued the program in place at the end of 2023. Under that program, non-employee directors receive an annual cash retainer of $26,250 as well as $2,625 for each regularly scheduled quarterly board meeting that they attend. In addition, non-employee directors receive an annual restricted stock award having a fair market value of $75,000 on the date of grant. In addition, directors serving in the capacities indicated in the following table receive additional annual restricted stock awards having a fair market value in the amount indicated in the following table for each such position:

| ​ | Position                                                                | ​ | ​ | Annual Value ofRestrictedStock Awards($) | ​ |
| ​ | Non-Employee Chair of the Board or Lead Independent Director            | ​ | ​ |                                   $7,500 | ​ |
| ​ | Audit Committee Chair                                                   | ​ | ​ |                                   18,000 | ​ |
| ​ | Audit Committee Member (other than Chair)                               | ​ | ​ |                                    9,000 | ​ |
| ​ | Compensation Committee Chair                                            | ​ | ​ |                                   10,000 | ​ |
| ​ | Compensation Committee Member (other than Chair)                        | ​ | ​ |                                    5,000 | ​ |
| ​ | Nominating and Corporate Governance Committee Chair                     | ​ | ​ |                                   10,000 | ​ |
| ​ | Nominating and Corporate Governance Committee Member (other than Chair) | ​ | ​ |                                    5,000 | ​ |

All of these awards vest in four equal quarterly installments and vest in full on the earlier of the first anniversary of the date of grant or the date of the next annual meeting of stockholders. Directors who are newly appointed