Kforce (KFRC) director logs 151 RSU dividend-related units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brooks Derrick Dewan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Restricted Stock Units | 151 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,475 shares (Direct);
Common Stock — 2,111 shares (Direct)
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 activity did Kforce (KFRC) disclose for director Derrick Dewan Brooks?
Kforce reported a routine equity adjustment for director Derrick Dewan Brooks. The Form 4 shows 151 Restricted Stock Units linked to common stock, recorded as a dividend-related entry under the company’s stock incentive plan, rather than an open-market stock purchase or sale.
How many Restricted Stock Units does the Kforce (KFRC) director hold after this filing?
After the reported transaction, the director holds 10,475 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Kforce common stock, subject to vesting conditions based on his continued service as a director with the company.
What is the nature of the 151 RSUs reported in the Kforce (KFRC) Form 4?
The 151 RSUs are tied to a dividend that is exempt under Rule 16a. The footnotes explain the entry is a dividend-related disclosure on existing director compensation, not an open-market purchase, and is part of the company’s stock incentive plan structure.
When do the Kforce (KFRC) RSUs for the director vest?
The RSUs vest one year from the date of grant. Vesting is conditioned on the director’s continued service with Kforce Inc. as of the vesting date, and dividend equivalent rights accrue when and as dividends are paid on Kforce common stock.
Do the Kforce (KFRC) RSUs include dividend equivalent rights?
Yes, the RSUs accumulate dividend equivalent rights. The footnotes state that dividend equivalents accrue with respect to the RSUs when Kforce common stock dividends are paid, aligning director equity compensation with shareholder dividend distributions over time.