Hooker Furnishings (HOFT) CEO exercises RSUs and uses shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOOKER FURNISHINGS Corp Chief Executive Officer Jeremy R. Hoff reported equity award activity involving restricted stock units and common shares. On February 20, 2026, he exercised 13,461 Restricted Stock Units (RSUs), converting them into the same number of common shares at a stated price of $0.00 per share as part of an equity award. He then disposed of 4,308 common shares at $14.61 per share to satisfy tax withholding obligations related to this award. Following these transactions, he continued to hold common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,461 shares exercised/converted
Mixed
3 txns
Insider
Hoff Jeremy R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 13,461 | $0.00 | -- |
| Exercise | Common Stock | 13,461 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,308 | $14.61 | $63K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 26,922 shares (Direct);
Common Stock — 35,256 shares (Direct)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of HOFT common stock. On February 20, 2025, the reporting person was granted 40,383 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 February 20, 2026, February 20, 2027, and February 20, 2028, respectively. 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.
FAQ
What insider transactions did HOOKER FURNISHINGS (HOFT) report for Jeremy R. Hoff?
Jeremy R. Hoff exercised 13,461 restricted stock units into common shares and disposed of 4,308 common shares to cover tax withholding obligations. All transactions involved direct ownership of HOOKER FURNISHINGS common stock on February 20, 2026.
Was Jeremy R. Hoff’s Form 4 in HOOKER FURNISHINGS (HOFT) an open-market stock purchase or sale?
No, the filing shows an equity award exercise and a tax-withholding disposition, not open-market buying or selling. RSUs were converted into common shares, and a portion of shares was delivered to satisfy tax liabilities.
How many HOOKER FURNISHINGS (HOFT) RSUs did Jeremy R. Hoff convert to common stock?
He converted 13,461 Restricted Stock Units into 13,461 shares of HOOKER FURNISHINGS common stock. Each RSU represents a contingent right to receive one share of common stock, subject to the vesting conditions outlined in the equity award.
What do the HOOKER FURNISHINGS (HOFT) RSU footnotes say about Jeremy R. Hoff’s award?
The footnotes explain each RSU equals one share of common stock and reference a 40,383-unit grant vesting in thirds on specified service dates, with settlement potentially in stock, cash, or a combination, at the Compensation Committee’s direction.