Clarence H. Smith - Mar 7, 2023 Form 4 Insider Report for HAVERTY FURNITURE COMPANIES INC (HVT)

Role
Chairman & CEO, Director
Signature
Jenny H. Parker, Attorney-in-Fact
Stock symbol
HVT
Transactions as of
Mar 7, 2023
Transactions value $
-$475,904
Form type
4
Date filed
3/8/2023, 03:26 PM
Previous filing
Feb 28, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HVT Common Stock Sale -$476K -13.9K -28.81% $34.29 34.3K Mar 7, 2023 Direct F1
holding HVT Common Stock 7.85K Mar 7, 2023 By Georgia Limited Partnership
holding HVT Common Stock 29.7K Mar 7, 2023 By Spouse
holding HVT Class A Common Stock 112K Mar 7, 2023 Direct
holding HVT Class A Common Stock 1.95K Mar 7, 2023 By Spouse
holding HVT Class A Common Stock 603K Mar 7, 2023 By Villa Clare, LP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HVT PRSUs 2021 37.4K Mar 7, 2023 Common Stock 37.4K Direct F2
holding HVT PRSUs 2021.1 6.67K Mar 7, 2023 Common Stock 6.67K Direct F3
holding HVT PRSUs 2022 26.6K Mar 7, 2023 Common Stock 26.6K Direct F4
holding HVT PRSUs.1 2022 6.49K Mar 7, 2023 Common Stock 6.49K Direct F5
holding HVT RSUs 2019 725 Mar 7, 2023 Common Stock 725 Direct F6
holding HVT RSUs 2020 2.64K Mar 7, 2023 Common Stock 2.64K Direct F7
holding HVT RSUs 2021 4.4K Mar 7, 2023 Common Stock 4.4K Direct F8
holding HVT RSUs 2022 7.97K Mar 7, 2023 Common Stock 7.97K Direct F9
holding HVT RSUs 2023 8.03K Mar 7, 2023 Common Stock 8.03K Direct F10
holding HVT Phantom Stock 5.54K Mar 7, 2023 Common Stock 5.54K $0.00 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $34.02 to $34.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Performance Restricted Stock Units ("PRSUs") award granted 1/21/2021. 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, 2021 and will vest on February 28, 2024.
F3 Performance Restricted Stock Units ("PRSUs") award granted 1/21/2021. 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, 2021 and will vest on February 28, 2024.
F4 Performance Restricted Stock Units ("PRSUs") award granted 1/26/2022. 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, 2022, and will vest on February 28, 2025.
F5 Performance Restricted Stock Units ("PRSUs") award granted 1/26/2022. 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, 2022, and will vest on February 28, 2025.
F6 Restricted Stock Units ("RSUs") award granted 1/31/2019 under the 2014 Long-Term Incentive Plan. RSUs vest ratably over 4 years, beginning 5/8/2020. Each RSU is equivalent to one share of common stock upon vesting.
F7 Restricted Stock Units granted 1/23/2020 and vest ratably over 3 years beginning 5/8/2021. Each RSU is equivalent to one share of common stock upon vesting.
F8 Restricted Stock Units granted 1/21/2021 and vest ratably over 3 years beginning 5/8/2022. Each RSU is equivalent to one share of common stock upon vesting.
F9 Restricted Stock Units granted 1/26/2022 and vest ratably over 3 years beginning 5/8/2023. Each RSU is equivalent to one share of common stock upon vesting.
F10 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.
F11 Deferred under Directors' Deferred Compensation Plan. Settlement will occur upon the earlier to occur of (i) termination of service on the Board of Directors, or (ii) death.