Kforce (NASDAQ: KFRC) director logs 82 RSU dividend equivalents
Rhea-AI Filing Summary
Kforce Inc. director Catherine Cloudman reported a routine equity compensation adjustment involving Restricted Stock Units (RSUs). On this Form 4, 82 RSUs tied to Kforce common stock were disclosed in connection with a dividend that is exempt from reporting under Rule 16a.
The RSUs were granted under the company’s stock incentive plan as consideration for her board service, with each RSU representing a contingent right to receive one share of common stock. These RSUs vest one year from the grant date, subject to her continued service, and earn dividend equivalent rights when dividends are paid.
After this update, Cloudman directly holds 5,708 RSUs and 6,850 shares of Kforce common stock, reflecting ongoing equity-based compensation rather than any open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units | 82 | $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.
FAQ
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