Bassett Furniture (BSET) EVP discloses 30,000 common shares, no derivatives
Rhea-AI Filing Summary
Bassett Furniture Industries executive Anthony Lee Chivari, EVP of Sales & Marketing, filed an initial ownership report showing direct holdings of 30,000 shares of common stock. The filing also notes restricted stock granted under the 2021 Stock Incentive Plan, with cliff vesting three years from 10/29/2024 and a risk of forfeiture until vesting, subject to stock ownership guidelines. Footnotes state that no derivative securities are owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chivari Anthony Lee
Role
EVP, Sales & Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Derivative Securities | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Derivative Securities — 0 shares (Direct);
Common Stock — 30,000 shares (Direct)
Footnotes (3)
- F1. Restricted stock granted under the 2021 Stock Incentive Plan which is a Rule 16b-3 plan; cliff vesting in 3 years from 10/29/2024.
- F2. Risk of forfeiture until vesting and subject to stock ownership guidelines.
- F3. No Derivatives Owned.
Key Figures
Common stock holdings: 30,000 shares
Derivative securities owned: 0
Cliff vesting period: 3 years
+1 more
4 metrics
Common stock holdings
30,000 shares
Directly owned following Form 3 report
Derivative securities owned
0
Footnote states no derivatives owned
Cliff vesting period
3 years
Restricted stock vests three years from 10/29/2024
Vesting reference date
10/29/2024
Start date for three-year cliff vesting
Key Terms
Restricted stock, cliff vesting, Rule 16b-3 plan, risk of forfeiture
4 terms
Restricted stock financial
"Restricted stock granted under the 2021 Stock Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
cliff vesting financial
"cliff vesting in 3 years from 10/29/2024"
Rule 16b-3 plan financial
"which is a Rule 16b-3 plan; cliff vesting"
risk of forfeiture financial
"Risk of forfeiture until vesting and subject to stock ownership guidelines"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 filing by BSET executive Anthony Lee Chivari show?
The Form 3 shows Anthony Lee Chivari directly holds 30,000 shares of Bassett Furniture common stock. It is an initial ownership report, establishing his equity position as EVP of Sales & Marketing, rather than recording a new purchase or sale.
Does Anthony Lee Chivari hold any derivative securities in BSET?
The filing indicates no derivatives owned for Anthony Lee Chivari. Both the derivative holdings table and a specific footnote confirm there are no derivative securities, such as options or similar instruments, outstanding for him at the time of this report.
What are the terms of Anthony Lee Chivari’s restricted stock in Bassett Furniture (BSET)?
Footnotes describe restricted stock granted under the 2021 Stock Incentive Plan with cliff vesting in three years from 10/29/2024. The award is subject to risk of forfeiture until vesting and must comply with the company’s stock ownership guidelines.
Is the Form 3 for BSET an indication of insider buying or selling?
This Form 3 does not record insider buying or selling. It is an initial statement of beneficial ownership, listing existing positions like the 30,000 common shares and indicating no derivative securities, rather than documenting new market transactions.