HOOKER FURNISHINGS (HOFT) CEO exercises 10,892 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOOKER FURNISHINGS Corp Chief Executive Officer Jeremy R. Hoff exercised previously granted equity awards and settled related taxes in shares. On April 10, 2026, he exercised 10,892 restricted stock units, receiving 10,892 shares of common stock. Of these shares, 4,150 were withheld at $15.32 per share to cover tax obligations, leaving him with 42,684 common shares owned directly after the transactions. The RSUs were originally granted on April 10, 2023 and vested in full on April 10, 2026 based on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,892 shares exercised/converted
Mixed
3 txns
Insider
Hoff Jeremy R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 10,892 | $0.00 | -- |
| Exercise | Common Stock | 10,892 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,150 | $15.32 | $64K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct);
Common Stock — 46,834 shares (Direct)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of HOFT common stock. On April 10, 2023, the reporting person was granted 10,892 restricted stock units, vesting 100% on April 10, 2026 as the reporting person remained continuously employed with the issuer through that date. At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares of HOFT common stock, cash (based on the fair market value of a share of HOFT common stock on the date payment is made) or both.
Key Figures
RSUs exercised: 10,892 units
Shares received: 10,892 shares
Shares withheld for tax: 4,150 shares
+3 more
6 metrics
RSUs exercised
10,892 units
Restricted stock units converted to HOFT common shares on April 10, 2026
Shares received
10,892 shares
Common stock delivered upon RSU vesting and exercise
Shares withheld for tax
4,150 shares
Common shares withheld to satisfy tax liabilities at vesting
Withholding price
$15.32 per share
Price used for tax-withholding disposition of 4,150 shares
Shares owned after
42,684 shares
Direct HOFT common stock ownership after April 10, 2026 transactions
Total derivatives remaining
0 units
No remaining RSUs shown after exercising 10,892 units
Key Terms
Restricted Stock Unit (RSU), tax-withholding disposition, derivative security, Compensation Committee
4 terms
Restricted Stock Unit (RSU) financial
"Each RSU represents a contingent right to receive one share of HOFT common stock."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Compensation Committee financial
"At the direction of the issuer's Compensation Committee, the RSUs may be paid in shares"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transaction did HOOKER FURNISHINGS (HOFT) CEO Jeremy Hoff report?
Jeremy Hoff reported exercising 10,892 restricted stock units into 10,892 HOFT common shares. As part of the same event, 4,150 shares were withheld to satisfy tax obligations, resulting in 42,684 common shares owned directly after the transactions.
What is the nature of the restricted stock units reported for HOOKER FURNISHINGS (HOFT)?
Each restricted stock unit represents a contingent right to receive one HOFT common share. The CEO’s 10,892 RSUs were granted on April 10, 2023 and vested 100% on April 10, 2026, contingent on his continuous employment with the company during that period.
How were the vested HOOKER FURNISHINGS (HOFT) RSUs for the CEO settled?
At the direction of the compensation committee, the RSUs may be settled in HOFT shares, cash, or a combination. For this vesting, 10,892 HOFT common shares were delivered, with 4,150 of those shares withheld at $15.32 per share to satisfy tax obligations.
Was the HOOKER FURNISHINGS (HOFT) CEO’s Form 4 a market sale or tax withholding?
The filing shows a tax-withholding disposition of 4,150 HOFT shares at $15.32 per share. This represents shares withheld to pay taxes on the RSU vesting, not an open-market sale initiated to trade shares for investment or portfolio reasons.