Form 4: Kforce CFO Increases Stock Holdings Through Dividend Reinvestment

Kforce Inc.'s Chief Financial Officer, Jeffrey B. Hackman, acquired 298 shares of common stock as an exempt dividend, increasing his total beneficial ownership to 80,809 shares.

Summary

• Jeffrey B. Hackman, Chief Financial Officer of Kforce Inc. (KFRC), reported the acquisition of 298 shares of common stock.
• The transaction occurred on June 13, 2025, and was classified as an exempt dividend (Transaction Code J).
• The shares were acquired at a price of $0, as they represent additional restricted stock received in connection with a cash dividend.
• Kforce Inc. declared a cash dividend of $0.39 per share of common stock on April 25, 2025, payable on June 27, 2025, to shareholders of record on June 13, 2025.
• Following this transaction, Mr. Hackman's total beneficial ownership of Kforce Inc. common stock stands at 80,809 shares.
• This total includes 30,500 shares of restricted stock, and the newly acquired shares will vest according to the terms of his outstanding restricted stock agreement(s).
• A Limited Power of Attorney was granted by Jeffrey B. Hackman on June 16, 2025, to Jennifer L. Smayda and Susan A. Gager for Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The transaction reflects an increase in insider ownership through a dividend, which is generally viewed positively as it aligns management interests with shareholders and indicates financial stability through dividend payments.

Positives

• The acquisition of shares by the Chief Financial Officer through a dividend indicates an increase in insider ownership, aligning management's interests with those of shareholders.
• The company's declaration of a cash dividend of $0.39 per share suggests a stable financial position and commitment to returning value to shareholders.

Future Outlook

The document does not contain specific forward-looking statements or guidance beyond the vesting terms of the restricted stock and the dividend payment date.

Industry Context

This Form 4 filing details an insider transaction related to a dividend payment, which is a routine event for publicly traded companies. It does not provide information directly related to broader industry trends or competitive positioning, but the dividend itself reflects the company's financial health within its sector.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Jeffrey B. Hackman, the Chief Financial Officer, is a related party transaction as it involves an insider of the company.

Stakeholder Impact

• Shareholders: Benefit from the declared cash dividend and the increased alignment of management's interests with their own due to increased insider ownership.
• Employees: No direct impact mentioned, but a stable company with dividend payments can indirectly signal a healthy work environment.

Next Steps

• The cash dividend of $0.39 per share will be paid on June 27, 2025.
• The additional restricted stock shares received by the reporting person will vest in accordance with the terms of his outstanding restricted stock agreement(s).

Key Dates

Keywords

Kforce Inc., KFRC, Jeffrey B. Hackman, Chief Financial Officer, SEC Form 4, Insider Transaction, Dividend, Restricted Stock, Beneficial Ownership, Corporate Governance