Jeremy R. Hoff - Apr 8, 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
Stock symbol
HOFT
Transactions as of
Apr 8, 2024
Transactions value $
-$20,976
Form type
4
Date filed
4/10/2024, 12:19 PM
Previous filing
Apr 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOFT Common Stock Options Exercise +3.02K +57% 8.33K Apr 8, 2024 Direct F1
transaction HOFT Common Stock Tax liability -$21K -950 -11.41% $22.08 7.38K Apr 8, 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 +24.2K $0.00 24.2K Apr 9, 2024 Common Stock 24.2K Direct F1, F2, F3
transaction HOFT Restricted Stock Unit (RSU) Options Exercise $0 -3.02K -100% $0.00* 0 Apr 8, 2024 Common Stock 3.02K 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.