Tilley Adam G 4
4 · HOOKER FURNISHINGS Corp · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Hooker Furnishings (HOFT) President Adam Tilley Receives RSU Award
What Happened
Adam G. Tilley, President of Hooker Branded at Hooker Furnishings (HOFT), received a grant of 4,454 restricted stock units (RSUs) on July 1, 2026. The RSUs were granted at no cash price ($0.00) and represent contingent rights to receive one share of HOFT common stock per RSU upon vesting; there was no immediate cash transaction or open-market purchase.
Key Details
- Transaction type: Award/Grant (derivative RSU grant, code A on Form 4)
- Grant date: 2026-07-01; filing date: 2026-07-02 (Form 4 accession 0001077688-26-000035)
- Amount: 4,454 RSUs granted at $0.00 (no immediate cash value realized)
- Vesting: RSUs vest ratably — one-third on each of July 1, 2027, July 1, 2028, and July 1, 2029 (footnote F2)
- Settlement: At the Compensation Committee’s discretion, RSUs may be settled in shares, cash (based on fair market value at payment), or a combination (footnote F3)
- Shares owned after transaction: Not specified/disclosed in the filing
- Timeliness: Filing appears timely (filed the day after the report period); no late filing indicated
Context
RSU grants are compensation awards, not open-market purchases; they convert into shares (or cash) only if and when they vest. This type of grant is common for executives and does not by itself indicate a buying or selling signal in the market until/if shares are issued or sold.
Insider Transaction Report
- Award
Restricted Stock Unit (RSU)
[F1][F2][F3]2026-07-01+4,454→ 4,454 total→ Common Stock (4,454 underlying)
- 3,105
Common Stock
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one share of HOFT common stock.
- [F2]Each RSU grant vests ratably by entitling the executive officer to receive one third of the grant if he remains continuously employed with the Company through the end of each service period that ends July 1, 2027, July 1, 2028, and July 1, 2029, respectively.
- [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.