Haverty (NYSE: HVT) CEO reports new PRSUs and tax share withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,245 shares
Net Buy
13 txns
Insider
BURDETTE STEVEN G
Role
President and CEO
| 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 | -- | -- | -- |
Holdings After Transaction:
PRSUs 2025 — 37,990 shares (Direct);
PRSUs 2025.1 — 7,702 shares (Direct);
PRSUs 2023 — 0 shares (Direct);
PRSUs 2023.1 — 0 shares (Direct);
Common Stock — 18,988 shares (Direct);
PRSUs 2024 — 4,160 shares (Direct);
RSUs 2023 — 1,411 shares (Direct);
RSUs 2024 — 2,829 shares (Direct);
RSUs 2025 — 9,348 shares (Direct);
RSUs 2026 — 11,190 shares (Direct);
Class A Common Stock — 41,030 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did HVT CEO Steven G. Burdette receive in this Form 4?
Steven G. Burdette received 37,990 performance restricted stock units tied to 2025 EBITDA and 7,702 performance restricted stock units tied to 2025 consolidated sales. Each PRSU equals one share of HVT common stock and is scheduled to vest on February 28, 2028, if conditions are met.
How many Haverty (HVT) PRSUs from 2023 did the CEO convert to common stock?
The CEO exercised 6,697 PRSUs labeled 2023 and 888 PRSUs labeled 2023.1 into an equal number of Haverty common shares. These PRSUs were earned based on 2023 EBITDA and consolidated sales performance and are part of previously granted long-term incentive awards.
When do the 2025 Haverty PRSUs reported by the CEO vest?
The 2025 PRSU awards reported by the CEO are scheduled to vest on February 28, 2028. These include units earned based on EBITDA and consolidated sales for the year ended December 31, 2025, with each PRSU representing a contingent right to one common share upon vesting.
What other restricted stock unit holdings does the HVT CEO report?
The CEO reports ongoing holdings of PRSUs granted in 2024 and RSUs granted in 2023, 2024, 2025 and 2026, each equivalent to one common share upon vesting. The units generally vest ratably over three years beginning on specified May 8 dates, according to the footnotes.