Haverty (HVT) CEO exercises RSUs, withholds 2,664 shares to cover taxes
Rhea-AI Filing Summary
HAVERTY FURNITURE COMPANIES INC President and CEO Steven G. Burdette reported compensation-related equity activity involving restricted stock units and common shares. On May 8, 2026, he exercised multiple RSU awards to acquire a total of 6,004 shares of common stock at an exercise price of $0.00 per share through derivative exercises.
To cover tax obligations tied to these vestings, 2,664 shares of common stock were disposed of at $22.20 per share via a tax-withholding disposition, which is not an open-market sale. After these transactions, Burdette directly holds 22,328 shares of common stock. He also continues to hold performance and time-based RSU and PRSU awards, including 7,702 underlying shares for PRSUs 2025.1, 37,990 for PRSUs 2025, 4,160 for PRSUs 2024, and 11,190 underlying shares for RSUs 2026, each convertible into common stock upon future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,340 shares
Net Buy
12 txns
Insider
BURDETTE STEVEN G
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSUs 2023 | 1,411 | $0.00 | $0.00 |
| Exercise | RSUs 2024 | 1,415 | $0.00 | $0.00 |
| Exercise | RSUs 2025 | 3,178 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,411 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,415 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,178 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,664 | $22.20 | $59K |
| holding | RSUs 2026 | -- | -- | -- |
| holding | PRSUs 2024 | -- | -- | -- |
| holding | PRSUs 2025 | -- | -- | -- |
| holding | PRSUs 2025.1 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
RSUs 2023 — 0 shares (Direct);
RSUs 2024 — 1,414 shares (Direct);
RSUs 2025 — 6,170 shares (Direct);
Common Stock — 22,328 shares (Direct);
RSUs 2026 — 11,190 shares (Direct);
PRSUs 2024 — 4,160 shares (Direct);
PRSUs 2025 — 37,990 shares (Direct);
PRSUs 2025.1 — 7,702 shares (Direct);
Class A Common Stock — 41,030 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. Restricted Stock Units granted 1/23/2025 and vest ratably over 3 years beginning 5/8/2026. Each RSU is equivalent to one share of common stock upon vesting.
- F4. Restricted Stock Units granted 1/22/2026 and vest ratably over 3 years beginning 5/8/2027. Each RSU is equivalent to one share of common stock upon vesting.
- F5. Performance Restricted Stock Units ("PRSU") award granted 01/25/2024. 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, 2024, and will vest on February 28, 2027.
- F6. Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. 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, 2025 and will vest on February 28, 2028.
- F7. Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. 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, 2025 and will vest on February 28, 2028.
Key Figures
RSU shares exercised: 6,004 shares
Tax-withholding shares: 2,664 shares at $22.20
Direct common shares after transactions: 22,328 shares
+4 more
7 metrics
RSU shares exercised
6,004 shares
Total common shares acquired via derivative exercises on May 8, 2026
Tax-withholding shares
2,664 shares at $22.20
Shares disposed to cover tax liability on May 8, 2026
Direct common shares after transactions
22,328 shares
Direct HVT common stock holding following May 8, 2026 activity
PRSUs 2025.1 underlying shares
7,702 shares
Performance RSUs tied to common stock, remaining outstanding
PRSUs 2025 underlying shares
37,990 shares
Performance RSUs linked to 2025 metrics, remaining outstanding
PRSUs 2024 underlying shares
4,160 shares
Performance RSUs linked to 2024 metrics, remaining outstanding
RSUs 2026 underlying shares
11,190 shares
Time-based RSUs vesting over future years, equivalent to common stock
Key Terms
Restricted Stock Units, Performance Restricted Stock Units ("PRSU"), tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units granted 1/26/2023 and vest ratably over 3 years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Restricted Stock Units ("PRSU") financial
"Performance Restricted Stock Units ("PRSU") award granted 01/25/2024"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
EBITDA financial
"was earned based on EBITDA for the year ended December 31, 2024"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HVT CEO Steven G. Burdette report in this Form 4 filing?
Steven G. Burdette reported equity compensation activity, including exercises of restricted stock units into common shares and a tax-withholding share disposition. These transactions reflect routine vesting of prior awards rather than open-market stock purchases or sales.
What is Steven G. Burdette’s direct common stock holding after these HVT transactions?
Following the reported transactions, Steven G. Burdette directly holds 22,328 shares of Haverty common stock. This figure reflects his position after RSU exercises added shares and a portion was withheld to cover tax obligations related to those equity awards.
What performance RSU awards does the HVT CEO still hold after this filing?
He continues to hold several Performance Restricted Stock Unit (PRSU) awards, including 7,702 underlying shares for PRSUs 2025.1, 37,990 for PRSUs 2025, and 4,160 for PRSUs 2024. Each PRSU converts into one HVT share upon satisfaction of vesting conditions.
What time-based RSU awards remain outstanding for the HVT CEO?
The CEO holds an RSUs 2026 award with 11,190 underlying shares of HVT common stock. These Restricted Stock Units vest ratably over future years per the award terms, and each unit converts into one share upon vesting without a cash exercise price.