Vest Richard L II 4

What Happened
Richard L. Vest II, President of Domestic Upholstery & Hospitality for Hooker Furnishings (HOFT), was awarded 4,454 restricted stock units (RSUs) on July 1, 2026. The RSUs were granted at $0.00 (derivative award) and represent a contingent right to receive one share of HOFT common stock per RSU if vesting conditions are met.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely). Transaction code: A (award/grant).
• Award size: 4,454 RSUs; acquisition price reported $0.00 (derivative grant).
• Vesting: RSUs vest ratably — one-third on each of July 1, 2027; July 1, 2028; and July 1, 2029 (F2).
• Payment: At the Compensation Committee’s discretion, RSUs may be settled in shares, cash (based on fair market value at payment), or a combination (F3).
• Footnote: Each RSU equals the contingent right to one share upon vesting (F1).
• Shares owned after the grant: not specified in the provided filing.

Context
RSU grants are a common form of executive compensation and are not an open-market purchase or sale. They are derivative awards that convert to equity (or cash) only if and when they vest; they do not indicate an immediate buy/sell of stock. This grant will dilute existing shares if settled in stock, but may alternatively be settled in cash per company policy.