Kforce Inc (KFRC) director receives 4,782 restricted shares vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brooks Derrick Dewan reported acquisition or exercise transactions in this Form 4 filing.
Kforce Inc director Brooks Derrick Dewan reported a stock-based compensation award. He received 4,782 shares of restricted common stock, which will fully vest on April 23, 2027, in consideration for his service as a director under the company’s stock incentive plan.
After this grant, he directly holds 6,893 shares of Kforce common stock, including the 4,782 restricted shares. He also holds Restricted Stock Units covering 10,475 underlying shares of common stock, which provide a contingent right to receive one share each, with dividend equivalent rights accruing as dividends are paid.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brooks Derrick Dewan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,782 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,893 shares (Direct, null);
Restricted Stock Units — 10,475 shares (Direct, null)
Footnotes (1)
- Represents 4,782 shares of restricted stock that will fully vest on April 23, 2027. Includes 4,782 shares of restricted stock. 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. 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
Restricted stock grant: 4,782 shares
Direct common stock holdings after grant: 6,893 shares
RSUs underlying shares: 10,475 shares
+3 more
6 metrics
Restricted stock grant
4,782 shares
Restricted common stock awarded to director; fully vests April 23, 2027
Direct common stock holdings after grant
6,893 shares
Total Kforce common stock directly held by Brooks Derrick Dewan post-transaction
RSUs underlying shares
10,475 shares
Restricted Stock Units representing contingent rights to Kforce common stock
RSU exercise price
$0.0000 per unit
Reported exercise price for Restricted Stock Units in derivative summary
RSU vesting period
1 year from grant
RSUs vest one year from their grant date, subject to continued service
Restricted stock vesting date
April 23, 2027
Date when 4,782 restricted shares will fully vest
Key Terms
Restricted Stock Units, restricted stock, stock incentive plan, dividend equivalent rights, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") were granted under the stock incentive plan approved at the time"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
restricted stock financial
"Represents 4,782 shares of restricted stock that will fully vest on April 23, 2027."
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.
stock incentive plan financial
"The Restricted Stock Units ("RSUs") were granted under the stock incentive plan approved at the time"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
dividend equivalent rights financial
"Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
contingent right financial
"Each RSU represents a contingent right to receive one share of Kforce Inc. common stock."
FAQ
What did Kforce Inc (KFRC) director Brooks Derrick Dewan report in this Form 4?
He reported receiving 4,782 shares of restricted Kforce common stock as a director compensation award. These shares were granted under a stock incentive plan and increase his directly held common stock position to 6,893 shares after the transaction.
What are Brooks Derrick Dewan’s direct common stock holdings in Kforce Inc after this award?
After the reported grant, he directly holds 6,893 shares of Kforce Inc common stock. This total includes the 4,782 newly granted restricted shares, as noted in the filing’s footnotes describing his updated ownership position following the compensation award.
What Restricted Stock Units does Brooks Derrick Dewan hold in Kforce Inc?
He holds Restricted Stock Units tied to 10,475 underlying shares of Kforce common stock. Each RSU represents a contingent right to receive one share, and dividend equivalent rights accrue on these RSUs when and as dividends are paid on Kforce common stock.
Why were the Kforce Inc Restricted Stock Units granted to Brooks Derrick Dewan?
The RSUs were granted under a Kforce stock incentive plan in consideration of his service as a director. The filing explains each RSU represents a contingent right to one share of common stock, aligning his compensation with shareholder interests through equity-based awards.
How do the Kforce Inc RSUs for Brooks Derrick Dewan vest and accrue dividends?
The RSUs vest one year from their grant date, subject to his continued service with Kforce Inc through the vesting date. Dividend equivalent rights accrue on these RSUs whenever dividends are paid on Kforce common stock, mirroring dividend benefits during the vesting period.