Richard M Cocchiaro, a director of Kforce, has just filed an initial statement of beneficial ownership where 392,168 shares of Kforce were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Cocchiaro. Cocchiaro operates out of Tampa, FL. Some additional info was provided as follows:
The Restricted Stock Units ("RSUs") were granted under the stock incentive plan approved at the time and in consideration of the Reporting Person's service as a director. Each RSU represents a contingent right to receive one share of Kforce Inc. common stock.
The transaction is disclosing a dividend that is exempt from reporting under Rule 16a.
RSUs vest one year from the date of the grant subject to the reporting person's continued service with Kforce Inc. as of the vesting date. Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on Kforce Inc. common stock.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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