KFRC Form 4: Director Mark Furlong Gains 41 Shares From Dividend
Rhea-AI Filing Summary
Mark F. Furlong, a director of Kforce Inc. (KFRC), received additional common shares on 09/12/2025 as a dividend-related issuance and reported the change on a Form 4 filed 09/16/2025. The transaction is reported under code J as an exempt dividend issuance: 41 shares were acquired at no cash cost, bringing the reporting person’s total beneficial ownership to 29,616 shares. The filing explains these additional shares result from a cash dividend declaration of $0.39 per share made July 25, 2025, payable September 26, 2025 to holders of record on September 12, 2025, and notes that some of the received shares are restricted and will vest under existing award terms.
Positive
- Transparent disclosure of the dividend-related share issuance under Section 16 rules
- Insider ownership increased to 29,616 shares following the issuance
- Portion of shares are restricted and will vest per existing award terms, indicating alignment with company retention practices
Negative
- None.
Insights
TL;DR: Routine dividend-share issuance increased an insider's stake modestly; no cash outlay and no unusual trading activity.
The Form 4 reports a dividend-exempt share issuance to a director, adding 41 shares and raising total beneficial ownership to 29,616 shares. The transaction uses code J, consistent with shares issued in lieu of a cash dividend, and the filing notes that some shares are restricted and subject to existing vesting terms. This is a non-market transaction with minimal immediate impact on liquidity or ownership structure and does not indicate insider buying or selling.
TL;DR: Share issuance reflects standard corporate dividend mechanics and contains customary disclosure about restricted stock vesting.
The disclosure identifies the reporting person as a director and explains the mechanics behind the issuance: a declared $0.39 per-share dividend allowed issuance of additional restricted shares to shareholders of record. The filing properly notes the restricted nature of a portion of the shares and provides an attorney-in-fact signature. Governance-wise, this is routine and transparently reported under Section 16 rules.