Hooker Furnishings (HOFT) awards 4,454 RSUs to president Vest
Rhea-AI Filing Summary
Vest Richard L II reported acquisition or exercise transactions in this Form 4 filing.
HOOKER FURNISHINGS Corp executive Richard L. Vest II, President of Domestic Upholstery & Hospitality, reported a grant of restricted stock units as equity compensation. He received 4,454 RSUs, each representing a contingent right to one share of HOFT common stock. The award vests in three equal parts if he remains continuously employed through service periods ending July 1, 2027, July 1, 2028, and July 1, 2029. The RSUs may be settled in HOFT shares, cash based on the share’s fair market value at payment, or a combination of both, at the direction of the Compensation Committee. After these transactions, he directly holds 8,641 shares of common stock and 4,454 RSUs, reflecting a routine, compensation-related increase in his potential equity stake rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vest Richard L II
Role
President Dom Uph &Hospitality
| 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 shares (Direct);
Common Stock — 8,641 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
RSU settlement price: $0.0000 per unit
Underlying common stock: 4,454 shares
+4 more
7 metrics
RSUs granted
4,454 units
Restricted Stock Units granted to Richard Vest on July 1, 2026
RSU settlement price
$0.0000 per unit
Grant/award acquisition price for RSUs
Underlying common stock
4,454 shares
Common stock underlying the RSU grant
Common shares held
8,641 shares
Direct HOFT common stock holdings after reported transactions
Vesting date 1
July 1, 2027
First one-third of RSU grant vests if employment continues
Vesting date 2
July 1, 2028
Second one-third of RSU grant vests if employment continues
Vesting date 3
July 1, 2029
Final one-third of RSU grant vests if employment continues
Key Terms
Restricted Stock Unit (RSU), contingent right, Compensation Committee
3 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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HOOKER FURNISHINGS (HOFT) executive Richard Vest report in this Form 4?
He reported a grant of 4,454 restricted stock units (RSUs) as equity compensation. These RSUs each represent a contingent right to receive one share of HOFT common stock, subject to future vesting conditions and potential stock or cash settlement.
How many HOFT restricted stock units were granted to Richard Vest in this filing?
Richard Vest received 4,454 restricted stock units (RSUs). Each RSU corresponds to one underlying share of HOFT common stock. The grant increases his potential future equity exposure but does not involve an open-market stock purchase or sale on the transaction date.
When do Richard Vest’s HOFT RSUs vest according to the Form 4 footnotes?
The RSUs vest in three equal parts if he remains employed through service periods ending July 1, 2027, July 1, 2028, and July 1, 2029. Each vested tranche entitles him to receive value equivalent to one share of HOFT common stock per RSU.
How can HOOKER FURNISHINGS settle the RSUs granted to Richard Vest?
The Compensation Committee may settle the RSUs in HOFT common shares, cash, or both. Cash payments are based on the fair market value of a share of HOFT common stock on the payment date, providing flexibility in how the award is delivered at vesting.
Is this HOOKER FURNISHINGS Form 4 a stock sale or a routine compensation grant?
This Form 4 reflects a routine compensation-related RSU grant, not a stock sale or open-market purchase. The transaction code “A” indicates a grant or award acquisition, and no open-market buys or sells are reported in the summarized transaction data.