Hooker Furnishings grants RSUs to CFO Armstrong
Armstrong Cecil Earl III reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Armstrong Cecil Earl III reported acquisition or exercise transactions in this Form 4 filing.
HOOKER FURNISHINGS Corp Chief Financial Officer Cecil Earl Armstrong III received a grant of 10,149 Restricted Stock Units (RSUs), each representing a contingent right to one share of HOFT common stock. The RSUs vest in three equal parts if he remains continuously employed through service periods ending on April 13, 2027, April 13, 2028, and April 13, 2029. At the direction of the Compensation Committee, these RSUs may be settled in HOFT common shares, cash based on the fair market value at payment, or a mix of both. Following the reported transactions, he directly holds 8,783 shares of common stock and 10,149 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 10,149 shares
Grant/Award
2 txns
Insider
Armstrong Cecil Earl III
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 10,149 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 10,149 contracts (Direct);
Common Stock — 8,783 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: 10,149 RSUs
Underlying common shares per RSU: 1 share per RSU
Vesting dates: April 13, 2027; 2028; 2029
+2 more
5 metrics
RSU grant size
10,149 RSUs
Granted to CFO on April 13, 2026
Underlying common shares per RSU
1 share per RSU
Each RSU represents one HOFT common share
Vesting dates
April 13, 2027; 2028; 2029
Three equal annual vesting service periods
Common shares held
8,783 shares
Direct HOFT common stock ownership after transactions
Exercise price of RSUs
$0.00 per unit
RSUs granted with no exercise price
Key Terms
Restricted Stock Unit (RSU), vests ratably, 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.
vests ratably financial
"Each RSU grant vests ratably by entitling the executive officer to receive one third of the grant..."
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 did HOOKER FURNISHINGS (HOFT) disclose about its CFO in this Form 4?
HOOKER FURNISHINGS disclosed that CFO Cecil Earl Armstrong III received 10,149 Restricted Stock Units. These RSUs are compensation-related awards that may convert into common shares or cash if specified vesting and employment conditions are satisfied over several years.
How many RSUs did the HOFT CFO receive and what do they represent?
The CFO received 10,149 Restricted Stock Units, each representing a contingent right to one share of HOFT common stock. These units are not immediate shares but can become shares or cash once vesting and settlement conditions are met under the company’s compensation plan.
What is the vesting schedule for the HOFT CFO’s 10,149 RSU grant?
The 10,149 RSUs vest ratably in three equal portions. The executive earns one-third of the grant for remaining continuously employed through each service period ending April 13, 2027, April 13, 2028, and April 13, 2029, aligning the award with long-term service.
Can the HOFT CFO’s RSUs be paid only in stock, or also in cash?
The RSUs may be paid in HOFT common stock, cash, or a combination of both. The issuer’s Compensation Committee directs whether payment is in shares, cash based on fair market value at payment, or a mix of these forms of settlement.
Is the HOFT CFO’s RSU grant an open-market purchase or compensation award?
The RSU grant is categorized as a grant or award acquisition, not an open-market purchase. It reflects equity-based compensation provided by HOOKER FURNISHINGS to the CFO, tied to continued employment and future vesting dates rather than market trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
