Haverty Furniture (HVT) director Cote receives 9,014 Phantom Stock units in deferred award
Rhea-AI Filing Summary
Cote Michael R reported acquisition or exercise transactions in this Form 4 filing.
HAVERTY FURNITURE COMPANIES INC director Michael R. Cote received a new equity-based award. He was granted 9,014 units of Phantom Stock on May 11, 2026, recorded as a grant or award rather than an open-market purchase or sale.
The Phantom Stock is tied to the company’s Common Stock and is deferred under the Directors' Deferred Compensation Plan, with settlement to occur according to his plan elections. Following this grant, Cote holds 29,079 Phantom Stock units and 1,388 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cote Michael R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 9,014 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 29,079 shares (Direct);
Common Stock — 1,388 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: 9,014 units
Phantom Stock holdings: 29,079 units
Common Stock holdings: 1,388 shares
+1 more
4 metrics
Phantom Stock grant
9,014 units
Grant to director Michael R. Cote on May 11, 2026
Phantom Stock holdings
29,079 units
Total Phantom Stock units held after grant
Common Stock holdings
1,388 shares
Common Stock directly owned after reported transactions
Phantom Stock grant price
$0.0000 per unit
Recorded grant price for Phantom Stock units
Key Terms
Phantom Stock, Directors' Deferred Compensation Plan, grant/award acquisition, Common Stock
4 terms
Phantom Stock financial
"The Phantom Stock is tied to the company’s Common Stock and is deferred under the Directors' Deferred Compensation Plan"
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 by the elections under the Plan"
grant/award acquisition financial
"transaction_action: grant/award acquisition for 9,014.0000 Phantom Stock units"
Common Stock financial
"The Phantom Stock is tied to the company’s Common Stock and is deferred"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HAVERTY FURNITURE (HVT) director Michael R. Cote report on this Form 4?
Michael R. Cote reported receiving 9,014 Phantom Stock units on May 11, 2026. This is a compensation-related equity award, not an open-market stock trade, and is part of his Director compensation arrangement at Haverty Furniture Companies Inc.
Is Michael R. Cote buying or selling HAVERTY FURNITURE (HVT) stock in this filing?
The filing shows an equity award, not a market trade. Cote received 9,014 Phantom Stock units as a grant under a compensation plan, so there is no open-market buying or selling of Haverty Furniture common shares in this transaction.
How many Phantom Stock units does Michael R. Cote hold after this HVT Form 4?
After the reported grant, Michael R. Cote holds 29,079 Phantom Stock units. These units track Haverty Furniture’s common stock value and are deferred under the Directors' Deferred Compensation Plan, with future settlement based on his plan elections.
What is the nature of the Phantom Stock award reported by HVT director Michael R. Cote?
The Phantom Stock award is deferred compensation under the Directors' Deferred Compensation Plan. Cote’s 9,014-unit grant will settle in the future as prescribed by his plan elections, aligning his compensation with Haverty Furniture’s stock performance over time.