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HAVERTY FURNITURE COMPANIES INC·4

Mar 3, 4:22 PM ET

Hare Richard B 4

4 · HAVERTY FURNITURE COMPANIES INC · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Haverty (HVT) CFO Richard Hare Exercises PRSUs; Shares Withheld

What Happened

  • Richard B. Hare, EVP and Chief Financial Officer of Haverty Furniture (HVT), had performance/restricted stock units convert and received new PRSU awards on Feb 27, 2026. In total he acquired or was granted rights to 22,656 shares (5,669 + 752 from conversions and 13,498 + 2,737 from grants). To cover tax withholding, 2,796 shares were surrendered/ disposed at $23.81 per share for proceeds of $66,573. Several exercise/conversion entries show $0 price because these were conversions of PRSUs/RSUs into shares (derivative-to-stock conversion), not open-market purchases.

Key Details

  • Transaction date: February 27, 2026.
  • Cash proceeds/withholding: 2,796 shares disposed at $23.81 for $66,573 to satisfy tax liability (code F = payment of exercise price or tax liability).
  • Other entries: exercise/conversion of 5,669 and 752 derivative units (code M) recorded at $0 (conversion of units to shares); grants of 13,498 and 2,737 PRSUs (code A) recorded at $0 (awards).
  • Shares owned after the transactions: not specified in the provided filing.
  • Relevant footnotes: PRSU/RSU award footnotes indicate (a) some PRSUs granted 1/26/2023 vested based on 2023 performance and vested 2/28/2026 (these likely converted), and (b) the larger PRSU grants (granted 1/22/2025) are performance awards earned on 2025 results but remain subject to future vesting dates (see filing footnotes for full vesting schedules).
  • Filing date: Form filed 2026-03-03 (transaction date 2026-02-27).

Context

  • These transactions reflect derivative/award activity (conversion of vested PRSUs/RSUs and receipt of new PRSU awards), not an open-market buy or routine sale. The only meaningful cash transaction was the share surrender to cover taxes — a common administrative step after vesting.
  • PRSUs are contingent rights to receive shares upon meeting performance/vesting conditions; granted PRSUs may not be transferable or vested until specified future dates. This activity is routine compensation-related equity conversion and withholding, not necessarily a directional signal about the CFO’s view of the stock.

Insider Transaction Report

Form 4
Period: 2026-02-27
HAVERTY FURNITURE COMPANIES INCHVT
Hare Richard B
EVP, CFO
Transactions
  • Exercise/Conversion

    Common Stock

    2026-02-27+5,669→ 29,166 total
  • Exercise/Conversion

    Common Stock

    2026-02-27+752→ 29,918 total
  • Tax Payment

    Common Stock

    2026-02-27$23.81/sh−2,796$66,573→ 27,122 total
  • Award

    PRSUs 2025

    [F1]
    2026-02-27+13,498→ 13,498 total
    → Common Stock (13,498 underlying)
  • Award

    PRSUs 2025.1

    [F2]
    2026-02-27+2,737→ 2,737 total
    → Common Stock (2,737 underlying)
  • Exercise/Conversion

    PRSUs 2023

    [F3]
    2026-02-27−5,669→ 0 total
    → Common Stock (5,669 underlying)
  • Exercise/Conversion

    PRSUs 2023.1

    [F4]
    2026-02-27−752→ 0 total
    → Common Stock (752 underlying)
Holdings

  • Class A Common Stock

    10,000

  • PRSUs 2024

    [F5]
    → Common Stock (3,494 underlying)
    3,494

  • RSUs 2023

    [F6]
    → Common Stock (1,195 underlying)
    1,195

  • RSUs 2024

    [F7]
    → Common Stock (2,376 underlying)
    2,376

  • RSUs 2025

    [F8]
    → Common Stock (5,693 underlying)
    5,693

  • RSUs 2026

    [F9]
    → Common Stock (5,970 underlying)
    5,970
Footnotes (9)
  • [F1]Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2025 and will vest on February 28, 2028.
  • [F2]Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on consolidated sales for the year ended December 31, 2025 and will vest on February 28, 2028.
  • [F3]Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2023, and will vest on February 28, 2026.
  • [F4]Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on consolidated sales for the year ended December 31, 2023, and will vest on February 28, 2026.
  • [F5]Performance Restricted Stock Units ("PRSU") award granted 01/25/2024. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2024, and will vest on February 28, 2027.
  • [F6]Restricted Stock Units granted 1/26/2023 and vest ratably over 3 years beginning 5/8/2024. Each RSU is equivalent to one share of common stock upon vesting.
  • [F7]Restricted Stock Units granted 1/25/2024 and vest ratably over 3 years beginning 5/8/2025. Each RSU is equivalent to one share of common stock upon vesting.
  • [F8]Restricted Stock Units granted 1/23/2025 and vest ratably over 3 years beginning 5/8/2026. Each RSU is equivalent to one share of common stock upon vesting.
  • [F9]Restricted Stock Units granted 1/22/2026 and vest ratably over 3 years beginning 5/8/2027. Each RSU is equivalent to one share of common stock upon vesting.
Signature
Belinda J. Clements, Attorney-in-Fact|2026-03-03

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT