HOOKER FURNISHINGS (HOFT) CFO records 622-share tax withholding on RSU vest
Rhea-AI Filing Summary
HOOKER FURNISHINGS Corp Chief Financial Officer Cecil Earl Armstrong III reported a routine tax-withholding share disposition tied to a restricted stock vesting. On April 10, 2026, 622 shares of common stock were withheld at $15.32 per share to cover taxes on previously granted restricted stock.
Following this non‑market transaction, he directly holds 8,783 shares of common stock. The footnote explains that 1,842 restricted shares were granted on April 10, 2023 and vested 100% on April 10, 2026, with part of the vesting value used to satisfy tax obligations.
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Insights
Routine tax withholding on RSU vesting; no open-market sale.
The Chief Financial Officer of HOOKER FURNISHINGS Corp, Cecil Earl Armstrong III, had 622 shares of common stock withheld on April 10, 2026 at $15.32 per share to pay taxes on a restricted stock vesting.
This F-code transaction is a tax-withholding disposition, not an open-market sale, so it carries little signaling value about his view of the stock. After the withholding, he directly owns 8,783 shares, indicating he retains a continuing equity stake.
Insider Trade Summary
Net Seller: 622 shares
Net Sell
1 txn
Insider
Armstrong Cecil Earl III
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 622 | $15.32 | $10K |
Holdings After Transaction:
Common Stock — 8,783 shares (Direct)
Footnotes (1)
- F1. On April 10, 2023 the reporting person was granted 1,842 restricted stocks, vesting 100% on April 10, 2026 as the reporting person remained continuously employed with the issuer through that date. The restricted stock had already been reported as a holdings in the reporting person's Form 3. At vesting, the reporting person paid the tax liability associated with the vesting of the restricted stock by delivering or withholding of 622 shares of Company common stock.
Key Figures
Shares withheld for tax: 622 shares
Withholding price: $15.32 per share
Shares held after transaction: 8,783 shares
+1 more
4 metrics
Shares withheld for tax
622 shares
Common stock delivered/withheld on April 10, 2026 for tax liability
Withholding price
$15.32 per share
Value used for 622-share tax-withholding disposition
Shares held after transaction
8,783 shares
CFO’s direct common stock holdings following tax withholding
Restricted stock grant size
1,842 shares
Restricted stock granted April 10, 2023, vesting 100% on April 10, 2026
Key Terms
restricted stock, tax liability, tax-withholding disposition, Form 3
4 terms
restricted stock financial
"the reporting person was granted 1,842 restricted stocks, vesting 100% on April 10, 2026"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liability financial
"paid the tax liability associated with the vesting of the restricted stock by delivering or withholding of 622 shares"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Form 3 regulatory
"The restricted stock had already been reported as a holdings in the reporting person's Form 3."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HOOKER FURNISHINGS (HOFT) report for its CFO?
The CFO reported a tax-related share disposition, where 622 shares of common stock were withheld at $15.32 per share. This covered taxes on vested restricted stock and was not an open-market sale, leaving him with 8,783 shares directly owned afterward.
Was the HOFT CFO’s Form 4 transaction a stock sale in the open market?
No. The transaction was a tax-withholding disposition, not an open-market sale. Shares were delivered or withheld to pay tax on restricted stock vesting, a routine administrative event often seen when equity awards vest for executives.
What restricted stock grant underlies the HOOKER FURNISHINGS CFO’s tax withholding?
The tax withholding relates to a grant of 1,842 restricted shares awarded on April 10, 2023. These restricted shares vested 100% on April 10, 2026, contingent on continuous employment, and part of the vested shares were used to pay the associated tax liability.
Does the HOFT CFO’s Form 4 indicate any remaining derivative or option positions?
No remaining derivative or option positions appear in this data. The derivativeSummary is empty, so the filing only shows common stock related to restricted stock vesting and the associated 622-share tax-withholding disposition, with 8,783 common shares held directly afterward.