Clarence H. Smith - Nov 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
Nov 7, 2023
Transactions value $
-$54,190
Form type
4
Date filed
11/8/2023, 04:08 PM
Previous filing
Jul 3, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HVT Common Stock Options Exercise $0 +1.02K +2.62% $0.00 39.9K Nov 7, 2023 Direct F1
transaction HVT Common Stock Options Exercise $0 +250 +0.63% $0.00 40.1K Nov 7, 2023 Direct F2
transaction HVT Common Stock Options Exercise $0 +272 +0.7% $0.00 38.9K Nov 7, 2023 Direct F1
transaction HVT Common Stock Options Exercise $0 +310 +0.77% $0.00 40.4K Nov 7, 2023 Direct F1
transaction HVT Common Stock Tax liability -$54.2K -1.85K -4.58% $29.26 38.6K Nov 7, 2023 Direct
holding HVT Common Stock 29.7K Nov 7, 2023 By Spouse
holding HVT Common Stock 7.85K Nov 7, 2023 By Georgia Limited Partnership
holding HVT Class A Common Stock 112K Nov 7, 2023 Direct
holding HVT Class A Common Stock 1.95K Nov 7, 2023 By Spouse
holding HVT Class A Common Stock 603K Nov 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
transaction HVT PRSUs 2022 Options Exercise $0 -1.02K -3.83% $0.00 25.6K Nov 7, 2023 Common Stock 1.02K Direct F1, F3
transaction HVT PRSUs.1 2022 Options Exercise $0 -250 -3.85% $0.00 6.24K Nov 7, 2023 Common Stock 250 Direct F2, F4
transaction HVT RSUs 2022 Options Exercise $0 -272 -4.92% $0.00 5.26K Nov 7, 2023 Common Stock 272 Direct F1, F5
transaction HVT RSUs 2023 Options Exercise $0 -310 -3.86% $0.00 7.72K Nov 7, 2023 Common Stock 310 Direct F1, F6
holding HVT PRSUs 2021 37.4K Nov 7, 2023 Common Stock 37.4K Direct F7
holding HVT PRSUs 2021.1 6.67K Nov 7, 2023 Common Stock 6.67K Direct F8
holding HVT RSUs 2021 2.2K Nov 7, 2023 Common Stock 2.2K Direct F9
holding HVT Phantom Stock 6.01K Nov 7, 2023 Common Stock 6.01K $0.00 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility.
F2 This release was done to accelerate the vesting of the shares necessary to pay for FICA taxes due on the shares as the grantee is over 65, or will be by year-end, and there is no longer a risk of forfeiture and therefore are considered FICA wages.
F3 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.
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 consolidated sales for the year ended December 31, 2022, and will vest on February 28, 2025.
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 1/21/2021. 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.
F8 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.
F9 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.
F10 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.