Haverty CEO granted PRSUs, shares withheld for tax
HAVERTY FURNITURE COMPANIES INC President and CEO Steven G. Burdette reported multiple equity award transactions.
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Rhea-AI Filing Summary
HAVERTY FURNITURE COMPANIES INC President and CEO Steven G. Burdette reported multiple equity award transactions. He acquired 37,990 PRSUs tied to 2025 EBITDA and 7,702 PRSUs tied to 2025 consolidated sales, each representing the right to one common share and scheduled to vest on February 28, 2028. He also exercised 6,697 and 888 PRSUs granted in 2023 into an equivalent number of common shares at no cash exercise price. To cover tax obligations, 3,340 common shares were disposed of at 23.81 per share through share withholding, leaving 18,988 common shares held directly. The filing also lists ongoing PRSU, RSU and Class A common stock holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PRSUs 2025 | 37,990 | $0.00 | $0.00 |
| Grant/Award | PRSUs 2025.1 | 7,702 | $0.00 | $0.00 |
| Exercise | PRSUs 2023 | 6,697 | $0.00 | $0.00 |
| Exercise | PRSUs 2023.1 | 888 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,697 | $0.00 | $0.00 |
| Exercise | Common Stock | 888 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,340 | $23.81 | $80K |
| holding | PRSUs 2024 | -- | -- | -- |
| holding | RSUs 2023 | -- | -- | -- |
| holding | RSUs 2024 | -- | -- | -- |
| holding | RSUs 2025 | -- | -- | -- |
| holding | RSUs 2026 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (9)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did HVT CEO Steven G. Burdette receive in this Form 4?
How many Haverty (HVT) PRSUs from 2023 did the CEO convert to common stock?
When do the 2025 Haverty PRSUs reported by the CEO vest?
What other restricted stock unit holdings does the HVT CEO report?
AI-generated analysis. How Rhea-AI works. Not financial advice.