Clarence H. Smith - Feb 28, 2024 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
Feb 28, 2024
Transactions value $
-$630,766
Form type
4
Date filed
3/1/2024, 04:28 PM
Previous filing
Jan 29, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HVT Common Stock Options Exercise $0 +37.4K +96.12% $0.00 76.2K Feb 28, 2024 Direct
transaction HVT Common Stock Options Exercise $0 +6.67K +8.75% $0.00 82.9K Feb 28, 2024 Direct
transaction HVT Common Stock Tax liability -$631K -18.7K -22.57% $33.72 64.2K Feb 28, 2024 Direct
holding HVT Common Stock 7.85K Feb 28, 2024 By Georgia Limited Partnership
holding HVT Common Stock 29.7K Feb 28, 2024 By Spouse
holding HVT Class A Common Stock 112K Feb 28, 2024 Direct
holding HVT Class A Common Stock 1.95K Feb 28, 2024 By Spouse
holding HVT Class A Common Stock 603K Feb 28, 2024 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 2023 Award $0 +21.5K $0.00 21.5K Feb 28, 2024 Common Stock 21.5K Direct F1
transaction HVT PRSUs 2023.1 Award $0 +2.86K $0.00 2.86K Feb 28, 2024 Common Stock 2.86K Direct F2
transaction HVT PRSUs 2021.1 Options Exercise $0 -6.67K -100% $0.00* 0 Feb 28, 2024 Common Stock 6.67K Direct F3
transaction HVT PRSUs 2021 Options Exercise $0 -37.4K -100% $0.00* 0 Feb 28, 2024 Common Stock 37.4K Direct F4
holding HVT PRSUs 2022 25.6K Feb 28, 2024 Common Stock 25.6K Direct F5
holding HVT PRSUs.1 2022 6.24K Feb 28, 2024 Common Stock 6.24K Direct F6
holding HVT RSUs 2024 8.47K Feb 28, 2024 Common Stock 8.47K Direct F7
holding HVT RSUs 2023 7.72K Feb 28, 2024 Common Stock 7.72K Direct F8
holding HVT RSUs 2022 5.26K Feb 28, 2024 Common Stock 5.26K Direct F9
holding HVT RSUs 2021 2.2K Feb 28, 2024 Common Stock 2.2K Direct F10
holding HVT Phantom Stock 6.01K Feb 28, 2024 Common Stock 6.01K $0.00 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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 1/21/2021. 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.
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 EBITDA for the year ended December 31, 2022, and will vest on February 28, 2025.
F6 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.
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 1/26/2023 and vest ratably over 3 years beginning 5/8/2024. 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 1/21/2021 and vest ratably over 3 years beginning 5/8/2022. 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.