BURDETTE STEVEN G 4

What Happened Steven G. Burdette, President, CEO and a director of Haverty Furniture Companies (HVT), had a series of derivative and award transactions reported for 2026-02-27. He converted vested performance RSUs/derivatives and was granted new performance RSU awards totaling 45,692 PRSUs (37,990 + 7,702). To satisfy tax withholding related to vested awards, 3,340 shares were disposed at $23.81 each for proceeds of $79,525. Several smaller derivative conversions (6,697 and 888 shares) were recorded as part of the vest/convert activity.

Key Details

• Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (no late filing indicated in the supplied data).
• Sale to cover taxes: 3,340 shares at $23.81/share for $79,525 (transaction code F = payment of exercise price or tax liability).
• Awards/grants: 37,990 PRSUs (F1) and 7,702 PRSUs (F2) reported as acquired (A). These are performance-based PRSUs granted 01/22/2025 and, per footnotes, were earned based on 2025 results and will vest on 02/28/2028.
• Vested/conversion: PRSUs from 01/26/2023 (6,697 and 888 shares; footnotes F3/F4) were converted/exercised (M) and appear in the filing as converted into shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Transaction codes explained: M = exercise/conversion of derivative; A = award/grant; F = payment of tax liability/withholding.

Context These transactions reflect standard executive compensation activity: performance-based restricted stock units that vested or were converted into shares and new performance awards that are contingent and have future vesting dates. The only sale recorded was a withholding/surrender of shares to cover tax obligations, which is routine and not an open-market sale indicating intent to liquidate.