Hooker Furnishings CEO receives 35,656 RSU grant
Hoff Jeremy R reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hoff Jeremy R reported acquisition or exercise transactions in this Form 4 filing.
HOOKER FURNISHINGS Corp Chief Executive Officer Jeremy R. Hoff received a grant of 35,656 Restricted Stock Units (RSUs), each representing a contingent right to one share of common stock. The RSUs vest in three equal annual installments if he remains employed through service periods ending April 13, 2027, April 13, 2028, and April 13, 2029. The award may be settled in HOFT common shares, cash based on fair market value at payment, or a combination. Following this grant, he holds 42,684 shares of common stock directly, alongside the 35,656 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 35,656 shares
Grant/Award
2 txns
Insider
Hoff Jeremy R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 35,656 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 35,656 contracts (Direct);
Common Stock — 42,684 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 or she remains continuously employed with the Company through the end of each service period that ends April 13, 2027, April 13, 2028, and April 13, 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
RSU grant size: 35,656 RSUs
Underlying common shares: 35,656 shares
Vesting dates: April 13, 2027, 2028, 2029
+2 more
5 metrics
RSU grant size
35,656 RSUs
Grant to CEO Jeremy R. Hoff on April 13, 2026
Underlying common shares
35,656 shares
Each RSU represents one HOFT common share
Vesting dates
April 13, 2027, 2028, 2029
RSUs vest in three equal annual installments
Common stock held after
42,684 shares
Direct HOFT common stock ownership following reported transactions
RSU settlement options
Stock, cash, or both
Determined by HOFT Compensation Committee at payment
Key Terms
Restricted Stock Unit (RSU), contingent right, Compensation Committee, fair market value
4 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."
Compensation Committee financial
"At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares of HOFT common stock, cash..."
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.
fair market value financial
"cash (based on the fair market value of a share of HOFT common stock on the date payment is made) or both."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HOOKER FURNISHINGS (HOFT) CEO Jeremy Hoff report on this Form 4?
He reported receiving 35,656 Restricted Stock Units (RSUs) as compensation. Each RSU is a contingent right to one share of HOFT common stock, subject to future vesting and potential settlement in shares, cash, or a combination, as directed by the Compensation Committee.
How do Jeremy Hoff’s new HOFT RSUs vest over time?
The 35,656 RSUs vest in three equal parts over three years. One-third vests at the end of each service period ending April 13, 2027, April 13, 2028, and April 13, 2029, provided he remains continuously employed with HOOKER FURNISHINGS through each respective date.
Is this HOOKER FURNISHINGS Form 4 a stock purchase or sale by the CEO?
No open-market purchase or sale is reported. The filing shows a grant of 35,656 RSUs as a compensation award and an updated direct holding of 42,684 common shares, rather than a discretionary buy or sell transaction in the market by the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
