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Haverty Furniture (NYSE: HVT) CFO receives PRSUs and withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HAVERTY FURNITURE COMPANIES INC EVP and CFO Richard B. Hare reported multiple equity award transactions. He received grants of 13,498 PRSUs labeled 2025 and 2,737 PRSUs labeled 2025.1, each representing a contingent right to one share of common stock, tied to 2025 EBITDA and consolidated sales performance and scheduled to vest on February 28, 2028.

He also exercised previously granted 2023 performance restricted stock units covering 5,669 and 752 shares, converting them into the same number of common shares at a stated price of $0.00. In connection with these vestings, 2,796 common shares at $23.81 per share were disposed of to satisfy tax withholding obligations, leaving him with 27,122 common shares held directly.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hare Richard B

(Last) (First) (Middle)
780 JOHNSON FERRY ROAD
SUITE 800

(Street)
ATLANTA GA 30342

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HAVERTY FURNITURE COMPANIES INC [ HVT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/27/2026 M 5,669 A $0 29,166 D
Common Stock 02/27/2026 M 752 A $0 29,918 D
Common Stock 02/27/2026 F 2,796 D $23.81 27,122 D
Class A Common Stock 10,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
PRSUs 2025 (1) 02/27/2026 A 13,498 (1) (1) Common Stock 13,498 $0 13,498 D
PRSUs 2025.1 (2) 02/27/2026 A 2,737 (2) (2) Common Stock 2,737 $0 2,737 D
PRSUs 2023 (3) 02/27/2026 M 5,669 (3) (3) Common Stock 5,669 $0 0 D
PRSUs 2023.1 (4) 02/27/2026 M 752 (4) (4) Common Stock 752 $0 0 D
PRSUs 2024 (5) (5) (5) Common Stock 3,494 3,494 D
RSUs 2023 (6) (6) (6) Common Stock 1,195 1,195 D
RSUs 2024 (7) (7) (7) Common Stock 2,376 2,376 D
RSUs 2025 (8) (8) (8) Common Stock 5,693 5,693 D
RSUs 2026 (9) (9) (9) Common Stock 5,970 5,970 D
Explanation of Responses:
1. 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.
2. 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.
3. Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. 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, 2023, and will vest on February 28, 2026.
4. Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. 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, 2023, and will vest on February 28, 2026.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
Belinda J. Clements, Attorney-in-Fact 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did HVT CFO Richard B. Hare report on this Form 4?

Richard B. Hare reported grants of new performance restricted stock units and exercises of earlier PRSUs into common stock, plus a share disposition to cover taxes. These transactions reflect equity-based compensation rather than open-market purchases or sales of Haverty Furniture Companies common stock.

How many new performance restricted stock units did HVT grant to its CFO?

He received 13,498 PRSUs labeled 2025 and 2,737 PRSUs labeled 2025.1. Each PRSU represents a contingent right to one share of HVT common stock, earned based on 2025 EBITDA or consolidated sales and scheduled to vest on February 28, 2028, subject to conditions.

What 2023 PRSU awards for HVT’s CFO vested or were exercised in this filing?

Performance restricted stock units granted in 2023 covering 5,669 and 752 shares were exercised or converted into common stock at a stated price of $0.00. These PRSUs were earned based on 2023 EBITDA and consolidated sales performance and were structured to vest on February 28, 2026.

Did the HVT CFO dispose of any shares, and for what purpose?

Yes. A total of 2,796 shares of Haverty Furniture common stock were disposed of at $23.81 per share using transaction code F. This code indicates shares were surrendered to pay exercise price or tax liabilities, rather than sold in an open-market transaction.

How many HVT common shares does the CFO hold directly after these transactions?

Following the reported grants, conversions, and tax-related share disposition, Richard B. Hare directly holds 27,122 shares of Haverty Furniture common stock. This figure reflects the updated ownership position after accounting for the exercised PRSUs and the shares withheld for tax obligations.

What do the PRSU and RSU footnotes for HVT’s CFO explain?

The footnotes explain that each PRSU or RSU equals one common share upon vesting, and describe grant dates, performance metrics such as EBITDA or consolidated sales, and vesting schedules. They also note ratable vesting over three years for certain RSU awards beginning on specified May 8 vesting dates.
Haverty Furniture Cos Inc

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376.90M
13.72M
Home Improvement Retail
Retail-furniture Stores
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United States
ATLANTA