Jeremy R. Hoff - 08 Apr 2024 Form 4 Insider Report for HOOKER FURNISHINGS Corp (HOFT)

Role
Chief Executive Officer, Director
Signature
/s/ Yumin Yang Attorney in Fact for Jeremy R. Hoff
Issuer symbol
HOFT
Transactions as of
08 Apr 2024
Net transactions value
-$20,976
Form type
4
Filing time
10 Apr 2024, 12:19:59 UTC
Previous filing
11 Apr 2023
Next filing
24 Feb 2025
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 +3,024 +57% 8,329 08 Apr 2024 Direct F1
transaction HOFT Common Stock Tax liability $20,976 -950 -11% $22.08 7,379 08 Apr 2024 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 +24,208 $0.000000 24,208 09 Apr 2024 Common Stock 24,208 Direct F1, F2, F3
transaction HOFT Restricted Stock Unit (RSU) Options Exercise $0 -3,024 -100% $0.000000* 0 08 Apr 2024 Common Stock 3,024 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 9, 2027 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 8, 2021, the reporting person was granted 3,024 restricted stock units, vesting 100% on April 8, 2024 as the reporting person remained continuously employed with the issuer through that date.