FURLONG MARK F 4
Research Summary
AI-generated summary
Kforce Director Mark Furlong Receives 38 Shares in Dividend
What Happened
- Mark F. Furlong, a director of Kforce Inc. (KFRC), was issued 38 shares on June 12, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) at $0.00 per share (no cash outlay). The filing notes these additional shares were issued in connection with a declared cash dividend and are restricted stock that will vest under the reporting person's outstanding restricted stock agreement(s).
Key Details
- Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-16).
- Transaction type/code: Other acquisition (J) — issuance of shares in connection with a dividend.
- Price: $0.00 per share (acquisition value reported as $0).
- Number of shares issued: 38 shares.
- Shares owned after transaction: filing notes holdings "include 4,820 shares of restricted stock" (per footnote); the filing does not report a different total.
- Footnotes: F1 notes the transaction discloses a dividend exempt from reporting under Rule 16a; F2 explains the issuer declared a $0.40 per-share cash dividend (declared Apr 24, 2026) and additional restricted shares were issued in connection with that dividend; F3 clarifies the holdings include 4,820 restricted shares.
- Timeliness: Filed on 2026-06-16 for the 2026-06-12 transaction; filing was submitted within the SEC’s two-business-day reporting window.
Context
- This was not a market purchase or sale but an issuance of restricted shares tied to a dividend election — such dividend-share issuances do not reflect an insider buying or selling shares for investment purposes. The shares are restricted and subject to vesting under existing agreements, so they may have transfer or sale limitations until vested.