Kforce director reports RSU dividend adjustment
Catherine Cloudman, a director of Kforce Inc., reported routine updates to her equity holdings.
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Rhea-AI Filing Summary
Catherine Cloudman, a director of Kforce Inc., reported routine updates to her equity holdings. The filing shows a credit of 65 Restricted Stock Units (RSUs) tied to dividend equivalents, which is described as exempt from reporting under Rule 16a. These RSUs were granted under the company’s stock incentive plan as consideration for her board service, with each RSU representing one share of common stock. Following these updates, she directly holds 6,850 shares of Kforce common stock and 10,555 RSUs, which generally vest one year from grant subject to continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units | 65 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. The transaction is disclosing a dividend that is exempt from reporting under Rule 16a.
- F3. 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.
Key Figures
Key Terms
Restricted Stock Units financial
dividend equivalent rights financial
Rule 16a regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kforce (KFRC) director Catherine Cloudman report in this Form 4?
How many Kforce (KFRC) Restricted Stock Units does Catherine Cloudman hold after this filing?
Are the Kforce (KFRC) transactions in this Form 4 open-market buys or sells?
How do Kforce (KFRC) RSUs work for director Catherine Cloudman?
AI-generated analysis. How Rhea-AI works. Not financial advice.