Kforce Inc. (KFRC) director Form 4 shows 318 RSUs and 24,609 derivatives
Rhea-AI Filing Summary
Kforce Inc. reported director equity activity involving restricted stock units. A company director filed a Form 4 showing an award of restricted stock units, each representing a contingent right to receive one share of Kforce common stock, granted in consideration of service as a director. The filing also shows dividend equivalent rights tied to these units, which accrue when Kforce pays dividends on its common stock. Following the reported activity, the director beneficially owned 4,504 shares of common stock and 24,609 derivative securities, including 318 restricted stock units that vest one year from the grant date, subject to continued board service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units | 318 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Restricted Stock Units ("RSUs") were granted under the stock incentive plan approved at the time and in consideration of the Reporting Person's service as a director. Each RSU represents a contingent right to receive one share of Kforce Inc. common stock. The transaction is disclosing a dividend that is exempt from reporting under Rule 16a. RSUs vest one year from the date of the grant subject to the reporting person's continued service with Kforce Inc. as of the vesting date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Kforce Inc. common stock.
FAQ
What insider transaction did Kforce Inc. (KFRC) disclose in this Form 4?
The filing shows a Kforce Inc. director received restricted stock units granted under a stock incentive plan, in consideration of service as a director, with each unit representing a contingent right to one share of common stock.
How many Kforce Inc. restricted stock units were reported in this Form 4 for the director?
The director was reported as holding 318 restricted stock units, each tied to one share of Kforce Inc. common stock, as part of the derivative securities table.
When do the reported Kforce Inc. (KFRC) restricted stock units vest?
The restricted stock units vest one year from the grant date, subject to the reporting person’s continued service with Kforce Inc. as of the vesting date.
What is the director’s relationship to Kforce Inc. (KFRC) as described in the Form 4?
The reporting person is identified as a director of Kforce Inc., with the equity awards granted in consideration of service in that role.