Tod R. Phelps - Apr 11, 2022 Form 4 Insider Report for HOOKER FURNISHINGS Corp (HOFT)

Role: Chief Information Officer
Signature: Yumin Yang Attorney in Fact for Tod R. Phelps
Stock symbol: HOFT
Transactions as of: Apr 11, 2022
Transactions value $: -$6,220
Form type: 4
Date filed: 4/19/2022, 05:22 PM
Next filing: Mar 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HOFT	Common Stock	Options Exercise		+961	+100%		1.92K	Apr 17, 2022	Direct	F1
transaction	HOFT	Common Stock	Tax liability	-$6.22K	-341	-17.74%	$18.24	1.58K	Apr 17, 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	+3.35K		$0.00	3.35K	Apr 11, 2022	Common Stock	3.35K		Direct	F1, F2, F3
transaction	HOFT	Restricted Stock Unit (RSU)	Options Exercise	$0	-961	-100%	$0.00^*	0	Apr 17, 2022	Common Stock	961		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 961 restricted stock units, vesting 100% on April 17, 2022 as the reporting person remained continuously employed with the issuer through that date.