Armstrong Cecil Earl III 4

What Happened Cecil Armstrong Earl III, Chief Financial Officer of Hooker Furnishings Corp (HOFT), received a grant of 10,149 restricted stock units (RSUs) on April 13, 2026. The award is recorded at $0.00 cash paid at grant (derivative award); any value to the executive will depend on future vesting and settlement in stock or cash.

Key Details

• Transaction date: April 13, 2026; Form 4 filed April 15, 2026 (appears to be filed within the typical two-business-day window).
• Award: 10,149 RSUs; acquisition price $0.00 (derivative grant).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share of HOFT common stock.
  • F2: RSUs vest ratably in three equal installments if employment continues through April 13 of 2027, 2028, and 2029.
  • F3: At the Compensation Committee's direction, vested RSUs may be settled in shares, cash (based on fair market value at payment), or a combination.
• Transaction code: A (award/grant).

Context RSU grants are a common form of executive compensation and do not represent an immediate open-market purchase or sale. The economic benefit to the insider depends on vesting and the company's stock price at settlement. This award should be viewed as compensation-related rather than a direct bullish or bearish trading signal.