Haverty (NYSE: HVT) director receives 5,363 phantom stock units grant
Rhea-AI Filing Summary
Schiller Derek Gordon reported acquisition or exercise transactions in this Form 4 filing.
HAVERTY FURNITURE COMPANIES INC director Derek Gordon Schiller reported a compensation-related award of 5,363 units of Phantom Stock. These units were deferred under the Directors' Deferred Compensation Plan, with settlement to occur according to the director's elections under the plan. Following the award, Schiller holds 19,678 Phantom Stock units and 6,660 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schiller Derek Gordon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,363 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 19,678 shares (Direct);
Common Stock — 6,660 shares (Direct)
Footnotes (1)
- F1. Deferred under Directors' Deferred Compensation Plan. Settlement will occur as prescribed by the elections under the Plan.
Key Figures
Phantom Stock units granted: 5,363 units
Phantom Stock units after grant: 19,678 units
Common stock holdings after transaction: 6,660 shares
3 metrics
Phantom Stock units granted
5,363 units
Grant to director Derek Gordon Schiller on May 11, 2026
Phantom Stock units after grant
19,678 units
Total Phantom Stock holdings following the reported award
Common stock holdings after transaction
6,660 shares
Direct Haverty Furniture common stock owned after Form 4
Key Terms
Phantom Stock, Directors' Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
Phantom Stock financial
"security_title: "Phantom Stock" and underlying_security_title: "Common Stock""
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors' Deferred Compensation Plan financial
"Deferred under Directors' Deferred Compensation Plan. Settlement will occur as prescribed"
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Haverty Furniture (HVT) director Derek Gordon Schiller report?
Derek Gordon Schiller reported receiving an award of 5,363 Phantom Stock units as compensation. These units were granted under the company’s Directors' Deferred Compensation Plan and represent a non-cash, deferred form of equity-linked compensation tied to Haverty Furniture common stock.
How many Phantom Stock units did HVT director Schiller hold after this Form 4 filing?
After the reported award, Derek Gordon Schiller held 19,678 Phantom Stock units. This total includes the 5,363 units granted in the latest transaction, all deferred under the Directors' Deferred Compensation Plan, to be settled according to his prior elections under that plan.
What is Phantom Stock in the context of Haverty Furniture (HVT) director compensation?
Phantom Stock is a deferred compensation instrument that mirrors the value of common shares without immediate share issuance. For Haverty Furniture directors, these units are deferred under the Directors' Deferred Compensation Plan and are ultimately settled as prescribed by each director’s plan elections.
Was the Haverty Furniture (HVT) Phantom Stock award to director Schiller a market purchase or a compensation grant?
The 5,363 Phantom Stock units reported by Derek Gordon Schiller were a compensation grant, not a market purchase. The Form 4 classifies the transaction with code “A” as a grant or award, deferred under the Directors' Deferred Compensation Plan rather than acquired on the open market.
How does Haverty Furniture’s Directors' Deferred Compensation Plan affect Schiller’s Phantom Stock award?
Schiller’s 5,363 Phantom Stock units are deferred under the Directors' Deferred Compensation Plan, meaning they will not settle immediately. Settlement will occur later as prescribed by his elections under the plan, aligning the timing and form of payout with his chosen deferral preferences.