Tilley Adam G 4

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.