Kforce director reports 151 RSU dividend units
Kforce Inc. director Derrick Dewan Brooks reported a routine equity adjustment related to his board compensation.
Rhea-AI Filing Summary
Kforce Inc. director Derrick Dewan Brooks reported a routine equity adjustment related to his board compensation. A Form 4 shows 151 Restricted Stock Units tied to common stock, reported as a dividend that is exempt from reporting under Rule 16a. These RSUs were granted under the company’s stock incentive plan in consideration of his service as a director, and each unit represents a contingent right to receive one share of Kforce common stock. The RSUs vest one year from the grant date, subject to his continued service, and dividend equivalent rights accrue when dividends are paid. Following this update, he directly holds 10,475 RSUs and 2,111 shares of common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units | 151 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Kforce (KFRC) disclose for director Derrick Dewan Brooks?
How many Restricted Stock Units does the Kforce (KFRC) director hold after this filing?
What is the nature of the 151 RSUs reported in the Kforce (KFRC) Form 4?
When do the Kforce (KFRC) RSUs for the director vest?
Do the Kforce (KFRC) RSUs include dividend equivalent rights?
AI-generated analysis. How Rhea-AI works. Not financial advice.