Clarence H. Smith - 08 May 2023 Form 4 Insider Report for HAVERTY FURNITURE COMPANIES INC (HVT)

Role
Chairman & CEO, Director
Signature
Jenny H. Parker, Attorney-in-Fact
Issuer symbol
HVT
Transactions as of
08 May 2023
Net transactions value
-$76,147
Form type
4
Filing time
10 May 2023, 16:54:24 UTC
Previous filing
08 Mar 2023
Next filing
03 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HVT Common Stock Options Exercise $0 +725 +2.1% $0.000000 35,025 08 May 2023 Direct
transaction HVT Common Stock Options Exercise $0 +2,640 +7.5% $0.000000 37,665 08 May 2023 Direct
transaction HVT Common Stock Options Exercise $0 +2,201 +5.8% $0.000000 39,866 08 May 2023 Direct
transaction HVT Common Stock Options Exercise $0 +2,439 +6.1% $0.000000 42,305 08 May 2023 Direct
transaction HVT Common Stock Tax liability $88,063 -3,444 -8.1% $25.57 38,861 08 May 2023 Direct
holding HVT Common Stock 7,850 08 May 2023 By Georgia Limited Partnership
holding HVT Common Stock 29,689 08 May 2023 By Spouse
holding HVT Class A Common Stock 112,036 08 May 2023 Direct
holding HVT Class A Common Stock 1,950 08 May 2023 By Spouse
holding HVT Class A Common Stock 603,497 08 May 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
transaction HVT Phantom Stock Award $11,916 +466 +8.4% $25.57 6,007 08 May 2023 Common Stock 466 $0.000000 Direct F1
transaction HVT RSUs 2019 Options Exercise $0 -725 -100% $0.000000* 0 08 May 2023 Common Stock 725 Direct F2
transaction HVT RSUs 2020 Options Exercise $0 -2,640 -100% $0.000000* 0 08 May 2023 Common Stock 2,640 Direct F3
transaction HVT RSUs 2021 Options Exercise $0 -2,201 -50% $0.000000 2,201 08 May 2023 Common Stock 2,201 Direct F4
transaction HVT RSUs 2022 Options Exercise $0 -2,439 -31% $0.000000 5,534 08 May 2023 Common Stock 2,439 Direct F5
holding HVT RSUs 2023 8,025 08 May 2023 Common Stock 8,025 Direct F6
holding HVT PRSUs 2022 26,612 08 May 2023 Common Stock 26,612 Direct F7
holding HVT PRSUs.1 2022 6,487 08 May 2023 Common Stock 6,487 Direct F8
holding HVT PRSUs 2021 37,352 08 May 2023 Common Stock 37,352 Direct F9
holding HVT PRSUs 2021.1 6,670 08 May 2023 Common Stock 6,670 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 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.
F5 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.
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 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.
F8 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.
F9 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.
F10 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.