Havertys (NYSE: HVT) director awarded 10,278 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOUGH G. THOMAS reported acquisition or exercise transactions in this Form 4 filing.
HAVERTY FURNITURE COMPANIES INC director G. Thomas Hough reported a compensation-related grant of phantom stock units. On the reported date, he received 10,278 phantom stock units, each tied to an equivalent number of common shares. Following this award, his phantom stock balance increased to 39,291 units, and his directly held common stock position stood at 15,146 shares. The phantom stock is deferred under the Directors' Deferred Compensation Plan, with settlement to occur according to his elections under that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HOUGH G. THOMAS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 10,278 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 39,291 shares (Direct, null);
Common Stock — 15,146 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock grant: 10,278 units
Phantom stock holdings: 39,291 units
Common stock holdings: 15,146 shares
+1 more
4 metrics
Phantom stock grant
10,278 units
Grant of phantom stock units on 2026-05-11
Phantom stock holdings
39,291 units
Total phantom stock units following transaction
Common stock holdings
15,146 shares
Directly held common shares following transaction
Phantom stock price per unit
$0.0000 per unit
Awarded as compensation, not purchased in market
Key Terms
Phantom Stock, Directors' Deferred Compensation Plan, grant/award acquisition, phantom stock units
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."
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
phantom stock units financial
"he received 10,278 phantom stock units"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
FAQ
What insider transaction did HVT director G. Thomas Hough report?
HVT director G. Thomas Hough reported receiving a grant of 10,278 phantom stock units. These units are a form of deferred equity-based compensation, linked to Haverty common stock, and increase his total phantom stock holdings to 39,291 units as of the reported transaction date.
Is the HVT Form 4 transaction a buy or sell in the market?
The HVT Form 4 shows a grant of phantom stock, not an open-market buy or sell. The 10,278 units were awarded as compensation at zero price per unit, so this filing reflects deferred equity compensation rather than a discretionary stock purchase or sale.
What is the size of the phantom stock award reported for HVT?
The phantom stock award reported for HVT totals 10,278 units. Each unit corresponds to an equivalent number of Haverty common shares, bringing the director’s total phantom stock holdings to 39,291 units under the company’s Directors' Deferred Compensation Plan as of the transaction date.
How does the Directors' Deferred Compensation Plan affect this HVT grant?
The phantom stock units are deferred under the Directors' Deferred Compensation Plan, so settlement occurs later. Timing and method of payout will follow the director’s elections under the plan, meaning the award increases his deferred equity balance rather than delivering immediate common shares or cash.