Form 4 for HVT HAVERTY FURNITURE COMPANIES INC
Accepted 2023-11-08 00:00:00 ET · period of report 2023-11-07 · accession 0001127602-23-027002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-08 | 2023-11-07 | HVT | SMITH CLARENCE H | COB, CEO, Dir | M - OptEx | $0.00 | +1,852 | 40.4K | +5% | $0 |
| D | 2023-11-08 | 2023-11-07 | HVT | SMITH CLARENCE H | COB, CEO, Dir | F - Tax | $29.26 | -1,852 | 38.6K | -5% | -$54.2K |
| DM | 2023-11-08 | 2023-11-07 | HVT | SMITH CLARENCE H | COB, CEO, Dir | M - OptEx | $0.00 | -1,852 | 7,715 | -19% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-11-07 | M | A | 1,020 | $0.00 | 39,881 | D | — | — | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. |
| 2 | Common | Common Stock | 2023-11-07 | M | A | 250 | $0.00 | 40,131 | D | — | — | (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. |
| 3 | Common | Common Stock | 2023-11-07 | F | D | 1,852 | $29.26 | 38,589 | D | — | — | |
| 4 | Common | Common Stock | 2023-11-07 | M | A | 272 | $0.00 | 38,861 | D | — | — | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. |
| 5 | Common | Common Stock | 2023-11-07 | M | A | 310 | $0.00 | 40,441 | D | — | — | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. |
| 6 | Derivative | RSUs 2022 | 2023-11-07 | M | D | 272 | $0.00 | 5,262 | D | — · — to — | 272 Common Stock | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. (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. |
| 7 | Derivative | PRSUs.1 2022 | 2023-11-07 | M | D | 250 | $0.00 | 6,237 | D | — · — to — | 250 Common Stock | (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. (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. |
| 8 | Derivative | PRSUs 2022 | 2023-11-07 | M | D | 1,020 | $0.00 | 25,592 | D | — · — to — | 1,020 Common Stock | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. (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. |
| 9 | Derivative | RSUs 2023 | 2023-11-07 | M | D | 310 | $0.00 | 7,715 | D | — · — to — | 310 Common Stock | (F1) Accelerated vesting of the shares necessary to pay for FICA taxes due to retirement-age eligibility. (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. |