Director at Haverty Furniture (HVT) receives 6,881 phantom stock units as deferred award
Rhea-AI Filing Summary
DUKES LAURA ALLISON reported acquisition or exercise transactions in this Form 4 filing.
HAVERTY FURNITURE COMPANIES INC director Laura Allison Dukes received a grant of 6,881 phantom stock units linked to common stock. The award was granted at a price of $0.00 per unit as part of director compensation.
The phantom stock is deferred under the company’s Directors' Deferred Compensation Plan, with settlement to occur according to elections made under that plan. Following this grant, Dukes holds 45,529 phantom stock units directly. This filing reflects a routine, non-cash compensation grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DUKES LAURA ALLISON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 6,881 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 45,529 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 grant: 6,881 units
Grant price: $0.00 per unit
Phantom units after grant: 45,529 units
+1 more
4 metrics
Phantom stock grant
6,881 units
Grant on 2026-05-11 under Directors' Deferred Compensation Plan
Grant price
$0.00 per unit
Phantom stock award price
Phantom units after grant
45,529 units
Total phantom stock units held following transaction
Underlying common shares
6,881 shares
Underlying common stock tied to this phantom stock grant
Key Terms
Phantom Stock, Directors' Deferred Compensation Plan, underlying security, Grant, award, or other acquisition
4 terms
Phantom Stock financial
"security_title": "Phantom 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"
underlying security financial
"underlying_security_title": "Common Stock""
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) report for Laura Allison Dukes?
HAVERTY FURNITURE reported that director Laura Allison Dukes received 6,881 phantom stock units as a compensation grant. The units were awarded at $0.00 per unit and are linked to the company’s common stock under a deferred compensation plan.
Was the HVT Form 4 transaction a stock purchase or sale by the director?
The HVT Form 4 does not show a market purchase or sale. It reports a grant of 6,881 phantom stock units as compensation, awarded at $0.00 per unit under a Directors' Deferred Compensation Plan, rather than an open-market trade.
How many phantom stock units does Laura Allison Dukes hold after this HVT grant?
After the reported grant, Laura Allison Dukes holds 45,529 phantom stock units. This total reflects the addition of 6,881 newly granted units to her existing deferred phantom stock balance under the company’s director compensation arrangements.
What is phantom stock in the context of HAVERTY FURNITURE (HVT)?
In this context, phantom stock represents units whose value is tied to HVT common stock but do not involve immediate share issuance. The Form 4 notes that the phantom stock is deferred under a Directors' Deferred Compensation Plan, with future settlement based on plan elections.
How and when will the HVT phantom stock granted to Dukes be settled?
The filing states the phantom stock is deferred under the Directors' Deferred Compensation Plan. Settlement will occur as prescribed by Dukes’ elections under that plan, meaning payout timing and form follow preselected plan rules rather than immediate delivery.