Goergen James Edward 4

What Happened James Edward Goergen, a director of Bassett Furniture Industries, was granted 2,857 restricted shares on 2026-03-11 at a reported price of $14.00 per share, a total value of $39,998. This was an award/grant (acquisition) of restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (appears timely).
• Shares granted: 2,857; price used: $14.00 (company closing price on 03/11/2026); total value: $39,998.
• Shares owned after the transaction: not specified in the summary provided (see full Form 4 for post-transaction holdings).
• Footnotes:
  • F1: Restricted stock granted under the 2021 Stock Incentive Plan (a Rule 16b-3 plan); vests in one year.
  • F2: Subject to risk of forfeiture until vesting and to stock ownership guidelines.
  • F3: $14.00 is the company stock close on 03/11/2026.

Context This was a restricted stock award (compensation) rather than a market purchase or sale. Restricted grants carry forfeiture/vesting conditions and are common for directors and executives as part of compensation—informative about pay alignment but not a direct trading signal.