Form 4: Kforce Director N. John Simmons Reports Acquisition of Additional Restricted Stock from Dividend

Kforce Inc. Director N. John Simmons reported the acquisition of 32 additional shares of restricted common stock as part of a dividend distribution, increasing his total beneficial ownership to 20,472 shares.

Summary

• N. John Simmons, a Director of Kforce Inc. (KFRC), reported an exempt transaction on June 13, 2025, involving the acquisition of shares.
• He acquired 32 shares of Kforce Common Stock at a price of $0 per share, classified as an exempt dividend transaction (Code J).
• These shares were received as additional restricted stock in connection with a cash dividend of $0.39 per share declared by Kforce on April 25, 2025.
• The dividend was payable on June 27, 2025, to shareholders of record on June 13, 2025.
• The newly acquired restricted shares will vest in accordance with the terms of Mr. Simmons' outstanding restricted stock agreement(s).
• Following this transaction, Mr. Simmons beneficially owns a total of 20,472 shares of Kforce Common Stock, which includes 3,220 shares of restricted stock.
• An accompanying Exhibit 24 details a Limited Power of Attorney granted by N. John Simmons to Jennifer L. Smayda, Jeffrey B. Hackman, and Susan A. Gager, effective June 16, 2025, for handling his Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction (dividend-related share acquisition) and a standard power of attorney. The dividend itself is a positive for shareholders, but the filing is primarily informational and does not indicate significant new positive or negative developments for the company's operations or financial health.

Positives

• Director N. John Simmons received additional shares, indicating continued participation in the company's equity and aligning his interests with shareholders.
• Kforce Inc. declared and paid a cash dividend of $0.39 per share, reflecting a return of capital to shareholders.

Future Outlook

The filing does not contain any forward-looking statements or guidance beyond the vesting terms of the restricted stock.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the receipt of shares as part of a dividend. It does not provide broader industry context or trends, as its primary purpose is to report changes in beneficial ownership for a company director.

Comparison to Industry Standards

• This document is a standard SEC Form 4 filing, reporting an insider transaction. It does not contain information that allows for a comparison to industry-specific financial or operational benchmarks.
• The transaction itself, receiving shares as part of a dividend, is a common occurrence for equity holders, including company insiders.

Corporate Governance

Related Party Transactions

• The transaction involves a director receiving shares from the company as part of a general dividend distribution, which is a standard related-party transaction for an insider.

Stakeholder Impact

• Shareholders: The dividend payment of $0.39 per share represents a positive return of capital. The director's increased shareholding, even if minor, further aligns insider interests with those of public shareholders.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The acquired restricted shares will vest in accordance with the terms of the reporting person's outstanding restricted stock agreement(s).

Key Dates

Keywords

Kforce Inc., KFRC, N. John Simmons, SEC Form 4, Insider Transaction, Restricted Stock, Dividend, Beneficial Ownership, Director, Section 16, Power of Attorney