Jeremy R. Hoff - 11 Apr 2022 Form 4 Insider Report for HOOKER FURNISHINGS Corp (HOFT)

Role
Chief Executive Officer, Director
Signature
Yumin Yang Attorney in Fact for Jeremy R. Hoff
Issuer symbol
HOFT
Transactions as of
11 Apr 2022
Transactions value $
-$12,896
Form type
4
Filing time
19 Apr 2022, 17:16:08 UTC
Previous filing
11 May 2021
Next filing
11 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOFT Common Stock Options Exercise +1,995 +199% 2,998 17 Apr 2022 Direct F1
transaction HOFT Common Stock Tax liability -$12,895 -707 -24% $18.24 2,291 17 Apr 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOFT Restricted Stock Unit (RSU) Award $0 +11,172 $0 11,172 11 Apr 2022 Common Stock 11,172 Direct F1, F2, F3
transaction HOFT Restricted Stock Unit (RSU) Options Exercise $0 -1,995 -100% $0* 0 17 Apr 2022 Common Stock 1,995 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one share of HOFT common stock.
F2 The RSUs will vest 100% if the reporting person remains continuously employed with the issuer through April 11, 2025 and will be paid as soon as administratively practical thereafter.
F3 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.
F4 On April 17, 2019, the reporting person was granted 1995 restricted stock units, vesting 100% on April 17, 2022 as the reporting person remained continuously employed with the issuer through that date.