HF Foods (HFFG) CAO granted RSUs and PSUs tied to $200M–$400M cap
Rhea-AI Filing Summary
Chang Christine reported acquisition or exercise transactions in this Form 4 filing.
HF Foods Group Inc. Chief Administrative Officer Christine Chang reported equity awards rather than open-market trades. She received 81,130 shares of common stock as restricted stock units at no purchase price, increasing her direct common stock holdings to 331,966 shares.
She was also granted 81,130 performance stock units, bringing her total PSUs to 118,630. The RSUs vest in one-third increments annually starting on April 15, 2027. The PSUs are scheduled to vest on April 15, 2029 if the company’s closing market capitalization averages $200 million to $400 million over a 30-trading-day period between January 1, 2026 and December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 81,130 shares
Net Buy
2 txns
Insider
Chang Christine
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 81,130 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 81,130 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 118,630 shares (Direct);
Common Stock — 331,966 shares (Direct)
Footnotes (3)
- F1. Represents a grant of restricted stock units; vests in one-third increments annually, beginning April 15, 2027.
- F2. Each performance stock unit ("PSU") represents a contingent right to receive 1 to 2.25x shares of the Issuer's Class A Common Stock upon satisfaction of applicable vesting conditions.
- F3. The PSUs are scheduled to vest on April 15, 2029, if for at least a period of thirty trading days commencing on January 1, 2026, and ending on December 31, 2028, the closing market capitalization of the Issuer averages $200 million to $400 million over such thirty-day period.
Key Figures
RSU grant size: 81,130 shares
Common stock holdings after grant: 331,966 shares
PSU grant size: 81,130 units
+5 more
8 metrics
RSU grant size
81,130 shares
Restricted stock units of common stock granted at $0.00 per share
Common stock holdings after grant
331,966 shares
Direct holdings of HF Foods common stock following RSU grant
PSU grant size
81,130 units
Performance stock units referencing common stock granted at $0.00
PSU holdings after grant
118,630 units
Total performance stock units held after acquisition
PSU share conversion range
1 to 2.25x shares per PSU
Contingent right to receive common shares upon vesting conditions
Market cap vesting range
$200M to $400M
Average closing market capitalization required over 30 trading days
RSU vesting start date
April 15, 2027
RSUs vest in one-third increments annually beginning on this date
PSU vesting date
April 15, 2029
Scheduled vesting date if market cap performance conditions are met
Key Terms
restricted stock units, Performance Stock Units, market capitalization, vesting conditions, +1 more
5 terms
restricted stock units financial
"Represents a grant of restricted stock units; vests in one-third increments annually"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
market capitalization financial
"the closing market capitalization of the Issuer averages $200 million to $400 million"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
vesting conditions financial
"upon satisfaction of applicable vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
trading days financial
"for at least a period of thirty trading days commencing on January 1, 2026"
Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did HF Foods (HFFG) CAO Christine Chang receive?
Christine Chang received 81,130 restricted stock units of common stock and 81,130 performance stock units. These awards are compensation grants at no purchase price, subject to multi-year vesting and performance conditions tied to HF Foods’ market capitalization.
When do Christine Chang’s restricted stock units in HF Foods (HFFG) vest?
Chang’s restricted stock units vest in one-third increments annually, beginning on April 15, 2027. This means portions of the 81,130-share RSU award will gradually become fully owned shares over three years, assuming continued service and satisfaction of vesting conditions.
What performance condition applies to HF Foods (HFFG) performance stock units?
Each performance stock unit can convert into 1 to 2.25x shares of common stock. Vesting requires HF Foods’ closing market capitalization to average $200–$400 million over a 30-trading-day period between January 1, 2026 and December 31, 2028, with settlement on April 15, 2029.
Is Christine Chang buying or selling HF Foods (HFFG) stock in this filing?
This Form 4 shows equity grants, not open-market buying or selling. Christine Chang acquired restricted stock units and performance stock units at $0.00 per unit as part of her compensation, so no cash transaction in the market occurred here.