HOOKER Furnishings CEO exercises RSUs, pays tax
HOOKER FURNISHINGS Corp CEO Jeremy R. Hoff exercised restricted stock units and settled related taxes in shares.
Rhea-AI Filing Summary
HOOKER FURNISHINGS Corp CEO Jeremy R. Hoff exercised restricted stock units and settled related taxes in shares. On April 9, 2026, 8,069 RSUs converted into 8,069 shares of common stock at a stated price of $0.00 per share as part of an equity award program. Of these shares, 3,075 were withheld at $15.00 per share to cover tax obligations, a non-market disposition. After these transactions, Hoff directly owned 35,942 shares of HOFT common stock. The RSUs stem from a 24,208-unit grant that vests in three equal annual installments tied to continued employment through April 9, 2025, 2026, and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,069 shares exercised/converted
Exercise
3 txns
Insider
Hoff Jeremy R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 8,069 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,069 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,075 | $15.00 | $46K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 8,070 contracts (Direct);
Common Stock — 35,942 shares (Direct)
Footnotes (3)
- F1. Each RSU represents a contingent right to receive one share of HOFT common stock.
- F2. On April 9, 2024, the reporting person was granted 24,208 restricted stock units. 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 9, 2025, April 9, 2026, and April 9, 2027, 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 exercised: 8,069 units
Shares received from RSUs: 8,069 shares
Shares withheld for taxes: 3,075 shares
+3 more
6 metrics
RSUs exercised
8,069 units
RSUs converted into common stock on April 9, 2026
Shares received from RSUs
8,069 shares
Common stock acquired via derivative exercise
Shares withheld for taxes
3,075 shares
Tax-withholding disposition at $15.00 per share
Post-transaction holdings
35,942 shares
Common stock directly owned after transactions
RSU grant size
24,208 units
Grant awarded April 9, 2024 with three-year vesting
Tax withholding price
$15.00 per share
Value used for RSU-related tax settlement
Key Terms
Restricted Stock Unit (RSU), tax-withholding disposition, derivative exercise/conversion, Compensation Committee
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HOOKER FURNISHINGS (HOFT) CEO Jeremy Hoff report?
Jeremy Hoff reported exercising restricted stock units into common shares and settling related taxes. On April 9, 2026, 8,069 RSUs converted into 8,069 HOFT common shares, reflecting vesting of previously granted equity compensation rather than an open-market stock purchase or sale.
What are Jeremy Hoff’s HOOKER FURNISHINGS (HOFT) holdings after these transactions?
Following the RSU conversion and tax withholding, Jeremy Hoff directly owned 35,942 HOFT common shares. This post-transaction balance reflects the net increase in his equity position after receiving 8,069 shares from RSUs and having 3,075 shares withheld to satisfy tax liabilities.
What is the vesting schedule of the HOOKER FURNISHINGS (HOFT) RSU grant mentioned?
The filing notes a 24,208-unit RSU grant awarded on April 9, 2024. The grant vests in three equal parts if the executive remains employed through April 9, 2025, April 9, 2026, and April 9, 2027, with each vested RSU payable in stock, cash, or a combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
