Cloudman Catherine 4
Research Summary
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Kforce (KFRC) Director Catherine Cloudman Receives RSU Award (65)
What Happened
Catherine Cloudman, a director of Kforce Inc. (KFRC), received a grant of 65 restricted stock units (RSUs) on 2026-06-12. The Form 4 reports an "other acquisition" (code J) of 65 RSUs at $0.00, listed as a derivative award — no cash changed hands at grant.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-16 (timely filing).
- Amount: 65 RSUs granted; reported price: $0.00; reported value at grant: $0.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: RSUs granted under the company's stock incentive plan; each RSU represents a contingent right to one share.
- F2: The filing discloses a dividend that is exempt from reporting under Rule 16a.
- F3: RSUs vest one year from grant subject to Cloudman's continued service; dividend equivalents accrue as dividends are paid.
- Transaction code: J (other acquisition or disposition — here an RSU award/derivative grant).
Context
RSU grants are a form of compensation/retention for directors and do not involve an immediate purchase or sale of stock. Because these RSUs vest in one year (subject to continued service), Cloudman does not receive shares immediately; the RSUs convert to common shares only upon vesting. The $0 reported price is normal for RSU awards since no cash was exchanged at grant.