Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-12

KVH Industries INC \DE\ (KVHI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,461,335
Brent Bruun total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
83.85%
Say-on-pay support, latest vote
Companies that benchmark against KVHI
6 companies name KVHI as a compensation peer

Each company listed discloses KVHI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named KVHI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brent Bruun$538,810$1,000$0$425,840$485,185$0$10,500$1,461,335
President and Chief Executive Officer
Felise Feingold343,6001,0000170,336171,89109,421696,248
SVP, General Counsel
Anthony Pike297,0811,0000106,460148,540022,766575,847
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Brent Bruun$1,461,335$1,199,350$1,472,300+261,985
Felise Feingold696,248622,863+73,385
Anthony Pike575,847437,151+138,696

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Bradley Louis RadoffGreater-than-10% holder2026-05-27D24,059$11$274,095Common, indirectForm 4 ↗
Bradley Louis RadoffGreater-than-10% holder2026-05-27D10,94111117,899Common, indirectForm 4 ↗
Brent C. BruunDirector2026-06-10D2,230816,944CommonForm 4 ↗
Felise FeingoldSVP General Counsel2026-06-10D1,862814,147CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Brent BruunOPTION$425,840
Anthony PikeOPTION106,460
Felise FeingoldOPTION170,336
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Brent Bruun$0$0$425,8400.0%
Anthony Pike00106,4600.0%
Felise Feingold00170,3360.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Felise FeingoldRSU9,225$64,298
Felise FeingoldOption80,0005.75
Anthony PikeOption50,0005.75
Anthony PikeOption1,6948.09
Brent BruunRSU4,67532,585
Anthony PikeRSU1,89013,173
Brent BruunOption3,8488.82
Anthony PikeOption4,4919.81
Brent BruunOption200,0005.75
Felise FeingoldOption21,9215.03
Brent BruunOption12,7848.09
Felise FeingoldOption9,3878.09
Felise FeingoldOption14,6149.81
Anthony PikeRSU2,83519,760
Brent BruunRSU17,698123,355
Brent BruunOption42,0545.03
Brent BruunRSU11,79882,232
Felise FeingoldRSU6,15042,866
Felise FeingoldRSU3,43223,921
Anthony PikeOption6,7375.03
Brent BruunRSU1,4179,876
Anthony PikeRSU6194,314
Brent BruunOption28,0369.81
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program provides a mix of fixed and variable pay to balance rewards for achieving short-term operational performance goals with creating long-term stockholder value and encouraging executive retention.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1011,616,5632,236,79684,44983.85%Passed
20252025-06-0412,233,111973,67542,10892.63%Passed
20242024-06-1211,932,295489,879126,07496.06%Passed
20232023-06-079,992,8863,479,14585,36974.18%Passed
20222022-06-0812,385,399829,269208,98493.72%Passed
20212021-06-1711,860,3753,115,560535,52979.2%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1083.85%a
20252025-06-0492.63%b
20242024-06-1296.06%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of any election for director.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of any election for director.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of any election for director.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David M. TolleyIndependent · Board Chair · Audit · Compensation (Chair) · Nominating/Governance$36,750$106,502$0$0$0$143,252
David B. KaganIndependent · Audit (Chair) · Compensation · Nominating/Governance36,750103,004000139,754
Joseph SpytekIndependent · Audit · Compensation · Nominating/Governance (Chair)31,50099,000000130,500
Stephen H. DeckoffIndependent31,50075,004000106,504
Charles R. TrimbleIndependent · Not standing for re-election · Departed during FY5,2500005,250
Brent C. BruunEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$26,250
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$141,750
Equity awards (grant-date value)$383,510
All other compensation$0
Total cost of the board$525,260

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1KVH Industries INC \DE\2025Brent Bruun$538,810$0$425,840$485,185$1,461,335

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Brent BruunDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table For 2025” · page 16. As printed: 1,461,335. Filing ↗machine: r1 · c25 · span 311345–311354
2Section 01, Felise FeingoldDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table For 2025” · page 16. As printed: 696,248. Filing ↗machine: r3 · c25 · span 318586–318593
3Section 01, Anthony PikeDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table For 2025” · page 16. As printed: 575,847. Filing ↗machine: r5 · c25 · span 326056–326063
4Section 03, Brent Bruun OPTIONDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t24 · r1 · c16 · span 310245–310252
5Section 03, Anthony Pike OPTIONDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t24 · r5 · c16 · span 324959–324966
6Section 03, Felise Feingold OPTIONDEF 14A2026-04-280001104659-26-050409Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t24 · r3 · c16 · span 317319–317326
7Section 07, pay ratio10-K2026-03-100001007587-26-000004Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, David M. TolleyDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 143,252. Filing ↗machine: t31 · r1 · c10 · span 535051–535058
9Section 08, David B. KaganDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 139,754. Filing ↗machine: t31 · r2 · c10 · span 536876–536883
10Section 08, Joseph SpytekDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 130,500. Filing ↗machine: t31 · r4 · c10 · span 540330–540337
11Section 08, Stephen H. DeckoffDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 106,504. Filing ↗machine: t31 · r3 · c10 · span 538507–538514
12Section 08, Charles R. TrimbleDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 5,250. Filing ↗machine: t31 · r5 · c4 · span 541568–541573
13Section 08, Brent C. BruunDEF 14A2026-04-280001104659-26-050409Section “Director Compensation”. As printed: 0. Filing ↗
14Section 02, Bradley Louis Radoff 2026-05-27Form 42026-05-290000921895-26-001507Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Bradley Louis Radoff 2026-05-27Form 42026-05-290000921895-26-001507Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Brent C. Bruun 2026-06-10Form 42026-06-120001441377-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Felise Feingold 2026-06-10Form 42026-06-120001441378-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
18Section 06, 2026 voteForm 8-K2026-06-120001007587-26-000022Item 5.07 · say-on-pay result. As reported: 83.85% (votes for as printed: 11,616,563). Filing ↗
19Section 06, 2025 voteForm 8-K2025-06-060001007587-25-000009Item 5.07 · say-on-pay result. As reported: 92.63% (votes for as printed: 12,233,111). Filing ↗
20Section 06, 2024 voteForm 8-K2024-06-140001007587-24-000006Item 5.07 · say-on-pay result. As reported: 96.06% (votes for as printed: 11,932,295). Filing ↗
21Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)ComputedcomputedCash 141,750 + equity 383,510 + all other 0 = 525,260, summed across the director compensation table rows.machine: formula: Σ = 525,260
24KVH Industries INC \DE\ (subject), Section 10b CEO totalDEF 14A2026-04-280001104659-26-050409CEO total compensation as printed in KVH Industries INC \DE\'s own proxy. As printed: 1,461,335. Filing ↗machine: r1 · c25 · span 311345–311354