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 +37,352 +96.12% $0.00 76,213 Feb 28, 2024 Direct
transaction HVT Common Stock +Options Exercise $0 +6,670 +8.75% $0.00 82,883 Feb 28, 2024 Direct
transaction HVT Common Stock -Tax liability -$630,766 -18,706 -22.57% $33.72 64,177 Feb 28, 2024 Direct
holding HVT Common Stock 7,850 Feb 28, 2024 By Georgia Limited Partnership
holding HVT Common Stock 29,689 Feb 28, 2024 By Spouse
holding HVT Class A Common Stock 112,036 Feb 28, 2024 Direct
holding HVT Class A Common Stock 1,950 Feb 28, 2024 By Spouse
holding HVT Class A Common Stock 603,497 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 +Grant/Award $0 +21,543 $0.00 21,543 Feb 28, 2024 Common Stock 21,543 Direct F1
transaction HVT PRSUs 2023.1 +Grant/Award $0 +2,856 $0.00 2,856 Feb 28, 2024 Common Stock 2,856 Direct F2
transaction HVT PRSUs 2021.1 -Options Exercise $0 -6,670 -100% $0.00 0 Feb 28, 2024 Common Stock 6,670 Direct F3
transaction HVT PRSUs 2021 -Options Exercise $0 -37,352 -100% $0.00 0 Feb 28, 2024 Common Stock 37,352 Direct F4
holding HVT PRSUs 2022 25,592 Feb 28, 2024 Common Stock 25,592 Direct F5
holding HVT PRSUs.1 2022 6,237 Feb 28, 2024 Common Stock 6,237 Direct F6
holding HVT RSUs 2024 8,469 Feb 28, 2024 Common Stock 8,469 Direct F7
holding HVT RSUs 2023 7,715 Feb 28, 2024 Common Stock 7,715 Direct F8
holding HVT RSUs 2022 5,262 Feb 28, 2024 Common Stock 5,262 Direct F9
holding HVT RSUs 2021 2,201 Feb 28, 2024 Common Stock 2,201 Direct F10
holding HVT Phantom Stock 6,007 Feb 28, 2024 Common Stock 6,007 $0.00 Direct F11

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.