Jeremy R. Hoff - Apr 7, 2023 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
Stock symbol
HOFT
Transactions as of
Apr 7, 2023
Transactions value $
-$23,756
Form type
4
Date filed
4/11/2023, 01:23 PM
Previous filing
Apr 19, 2022
Next filing
Apr 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOFT Common Stock Options Exercise +4.31K +188.13% 6.6K Apr 7, 2023 Direct F1
transaction HOFT Common Stock Tax liability -$23.8K -1.3K -19.63% $18.33 5.31K Apr 7, 2023 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 +10.9K $0.00 10.9K Apr 10, 2023 Common Stock 10.9K Direct F1, F2, F3
transaction HOFT Restricted Stock Unit (RSU) Options Exercise $0 -4.31K -100% $0.00* 0 Apr 7, 2023 Common Stock 4.31K 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 10, 2026 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 7, 2020, the reporting person was granted 4,310 restricted stock units, vesting 100% on April 7, 2023 as the reporting person remained continuously employed with the issuer through that date.