Hooker Furnishings insider granted 4,454 RSUs
Tilley Adam G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Tilley Adam G reported acquisition or exercise transactions in this Form 4 filing.
HOOKER FURNISHINGS Corp executive Adam G. Tilley, President of Hooker Branded, received a grant of 4,454 restricted stock units (RSUs). Each RSU represents a contingent right to one share of HOFT common stock and vests in three equal parts on July 1, 2027, 2028, and 2029, subject to continued employment. The RSUs may be settled in common shares, cash, or a combination, at the direction of the Compensation Committee. He also reports holding 3,105 shares of common stock directly.
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Insider Trade Summary
Grant/Award: 4,454 shares
Grant/Award
2 txns
Insider
Tilley Adam G
Role
President of Hooker Branded
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 4,454 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 4,454 contracts (Direct);
Common Stock — 3,105 shares (Direct)
Footnotes (3)
- F1. Each RSU represents a contingent right to receive one share of HOFT common stock.
- F2. Each RSU grant vests ratably by entitling the executive officer to receive one third of the grant if he remains continuously employed with the Company through the end of each service period that ends July 1, 2027, July 1, 2028, and July 1, 2029, respectively.
- F3. At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares of HOFT common stock, cash (based on the fair market value of a share of HOFT common stock on the date payment is made) or both.
Key Figures
RSUs granted: 4,454 units
Underlying common stock: 4,454 shares
Common shares held: 3,105 shares
+3 more
6 metrics
RSUs granted
4,454 units
Grant of restricted stock units to Adam G. Tilley
Underlying common stock
4,454 shares
Shares of HOFT common stock underlying the RSUs
Common shares held
3,105 shares
Direct HOFT common stock holdings after reported transactions
First vesting date
July 1, 2027
End of first service period for one-third of RSU grant
Second vesting date
July 1, 2028
End of second service period for one-third of RSU grant
Third vesting date
July 1, 2029
End of third service period for final third of RSU grant
Key Terms
Restricted Stock Unit (RSU), contingent right, vests ratably, service period, +1 more
5 terms
Restricted Stock Unit (RSU) financial
"Each RSU represents a contingent right to receive one share of HOFT common stock."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
contingent right financial
"Each RSU represents a contingent right to receive one share of HOFT common stock."
vests ratably financial
"Each RSU grant vests ratably by entitling the executive officer to receive one third of the grant..."
service period financial
"through the end of each service period that ends July 1, 2027, July 1, 2028, and July 1, 2029"
Compensation Committee financial
"At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares of HOFT common stock, cash or both."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HOOKER FURNISHINGS (HOFT) report in this Form 4 for Adam G. Tilley?
The Form 4 reports that executive Adam G. Tilley received a grant of 4,454 restricted stock units. These RSUs are a form of equity-based compensation linked to HOOKER FURNISHINGS common stock and vest over several years, aligning his interests with long-term company performance.
How many restricted stock units did Adam G. Tilley receive from HOOKER FURNISHINGS (HOFT)?
Adam G. Tilley received 4,454 restricted stock units. Each RSU represents a contingent right to one share of HOFT common stock, subject to vesting and settlement conditions set by the company’s Compensation Committee under its equity incentive arrangements.
When do Adam G. Tilley’s HOOKER FURNISHINGS (HOFT) RSUs vest?
The RSUs vest in three equal installments if he remains employed. One third vests at the end of each service period ending July 1, 2027, July 1, 2028, and July 1, 2029, creating a multi-year incentive tied to continued service with the company.
How can Adam G. Tilley’s HOOKER FURNISHINGS (HOFT) RSUs be settled?
The RSUs may be settled in HOFT common stock, cash, or a combination. The issuer’s Compensation Committee decides the settlement form, with cash amounts based on the fair market value of HOFT shares on the payment date, according to the disclosed terms.
What does each HOOKER FURNISHINGS (HOFT) RSU granted to Adam G. Tilley represent?
Each RSU represents a contingent right to receive one share of HOFT common stock. That right depends on satisfaction of vesting conditions and may be settled in shares, cash based on share value, or both, as determined by the company’s Compensation Committee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
