Director Emily Hoffman granted 23,867 BNED shares in stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOFFMAN EMILY reported acquisition or exercise transactions in this Form 4 filing.
Barnes & Noble Education, Inc. director Emily Hoffman received a grant of 23,867 shares of common stock as a stock award, with no cash paid per share. These are restricted shares that will vest on the earlier of one year from the grant date or the company’s next annual meeting of stockholders.
After this grant, Hoffman directly holds a total of 51,738 shares of common stock. She is also part of a Section 13(d) group that collectively owns more than 10% of the company’s common stock, though she disclaims beneficial ownership of shares held by other group members except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOFFMAN EMILY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,867 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,738 shares (Direct)
Footnotes (1)
- This Form 4 is filed by Emily Hoffman (the "Reporting Person"). The Reporting Person is a member of a group with Toro 18 Holdings LLC, Immersion Corporation, William C. Martin, Eric Singer and Elias Nader for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of common stock, par value $0.01 (the "Common Stock"). The Reporting Person disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group except to the extent of her pecuniary interest therein and this report shall not be deemed an admission that she is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The other members of the Section 13(d) group will file separate Section 16 reports, as applicable. Grant of restricted shares that will vest on the earlier of one year from the date of grant or the Issuer's next annual meeting of stockholders.
FAQ
What did Emily Hoffman report in this BNED Form 4 filing?
Emily Hoffman reported receiving a grant of 23,867 restricted shares of Barnes & Noble Education common stock. The award is compensation, issued at no cash cost per share, and increases her directly held position to 51,738 shares following the transaction.
Was Emily Hoffman’s BNED stock grant an open-market purchase or a compensation award?
The transaction was a compensation-related award, not an open-market purchase. The Form 4 lists it under code “A” as a grant or award acquisition, with 23,867 restricted shares issued at $0.00 per share to Emily Hoffman in her capacity as a director.