Hamlet Virginia W. 4

What Happened

Virginia W. Hamlet, a director of Bassett Furniture Industries, was granted 2,857 restricted shares on 2026-03-11 at an implied value of $14.00 per share, totaling approximately $39,998. This was a company-awarded restricted stock grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; filing date: 2026-03-13 (timely).
• Grant type/code: A (award/acquisition) — restricted stock under the 2021 Stock Incentive Plan (a Rule 16b-3 plan).
• Shares granted: 2,857; grant price used for valuation: $14.00 (closing price 03/11/2026); total value ≈ $39,998.
• Vesting and restrictions: Vest in one year; risk of forfeiture until vesting; subject to company stock ownership guidelines.
• Shares owned after the transaction: not specified in the provided filing details.
• No indication of a 10b5-1 plan, cashless sale, gift, or tax-withholding disposition in the provided notes.

Context

Restricted stock grants are a common form of executive/director compensation intended to align insiders with long-term shareholder interests but are not the same as purchases driven by market sentiment. Because these shares vest over time and can be forfeited until vesting, they represent future compensation more than an immediate voting/ownership change.