Haverty (HVT) director reports sale of 15,000 shares, details of holdings
Rhea-AI Filing Summary
Haverty Furniture Companies insider sale and current holdings
The filing shows that reporting person Haverty Rawson Jr., who is identified as a director and a 10% owner, disposed of 15,000 shares of the issuer's common stock at a weighted average price of $22.8406 per share. After the sale, the filing reports 29,523 shares beneficially owned directly. The filer also reports ownership of 9,074 shares of Class A common stock directly and indirect holdings of 39,140 shares via H5-JRH, LLC and 8,728 shares as co‑trustee of a trust for a daughter. The form lists the sale price range used to compute the weighted average as $22.755 to $22.93. The filing is a routine Section 16 disclosure of the change in beneficial ownership.
Positive
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Negative
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Insights
TL;DR: A routine insider sale reduced direct common stock holdings; transaction details are fully disclosed.
The transaction recorded is a straightforward open‑market sale of 15,000 common shares at a disclosed weighted average price of $22.8406. The report reconciles direct and indirect holdings, showing continued substantial indirect ownership through an LLC and a trust. There are no derivative transactions reported and no operational or financial metrics disclosed in this filing. For investors, this is a transparency event rather than a corporate performance signal because the filing contains only the sale details and current beneficial ownership figures.
TL;DR: Disclosure aligns with Section 16 requirements; ownership structure and trustee arrangements are clearly reported.
The form appropriately identifies the reporting person as both a director and a 10% owner and specifies direct and indirect ownership vehicles (an LLC and a trust). The sale is reported with precise pricing information including the weighted average and price range. There is no indication of related party transactions, option exercises, or changes to governance in this filing. As a governance disclosure, it provides the necessary transparency about shifts in beneficial ownership.