Form 4: KVH Industries SVP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Felise Feingold, SVP General Counsel of KVH Industries, sold 1,111 shares of common stock on April 2, 2024, to cover tax obligations related to a restricted stock award.
Summary
- On April 2, 2024, Felise Feingold, the SVP General Counsel of KVH Industries, sold 1,111 shares of the company's common stock.
- The shares were sold at a price of $5.028 per share.
- The sale was executed to cover taxes owed on a restricted stock award that partially vested on March 31, 2024.
- Following the transaction, Feingold directly owns 82,404 shares of KVH Industries common stock and 92,698 employee stock options.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
This is a routine transaction for covering tax obligations related to stock-based compensation, which is a common practice among corporate executives.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Restricted stock award partially vested |
| 04/02/2024 | Sale of 1,111 shares of common stock |
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