Form 4: Haverty Furniture CFO Richard Hare Reports Stock Transactions
SEC Form 4
Executive Vice President & CFO of Haverty Furniture Companies, Richard B Hare, reports the vesting and disposal of performance-based and restricted stock units.
Summary
- Richard B Hare, Executive Vice President & CFO of Haverty Furniture Companies, filed a Form 4 detailing changes in beneficial ownership of company stock on February 28, 2024.
- The transactions involve the vesting of Performance Restricted Stock Units (PRSUs) and Restricted Stock Units (RSUs).
- Hare acquired 10,290 shares and 1,838 shares of common stock upon the vesting of PRSUs granted in 2021.
- He also acquired 5,669 and 752 shares of common stock upon the vesting of PRSUs granted in 2023.
- Hare disposed of 5,501 shares of common stock at a price of $33.72.
- Following these transactions, Hare directly owns 25,009 shares of common stock.
- He also holds derivative securities including PRSUs from 2022 and RSUs from 2021, 2022, 2023 and 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which can be informative for investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 01/21/2021 | PRSUs 2021 and 2021.1 award granted |
| 01/26/2022 | PRSUs 2022 and 2022.1 award granted |
| 05/08/2022 | RSUs 2021 vest ratably over 3 years beginning on this date |
| 01/26/2023 | PRSUs 2023 and 2023.1 award granted |
| 05/08/2023 | RSUs 2022 vest ratably over 3 years beginning on this date |
| 01/25/2024 | RSUs 2024 award granted |
| 02/28/2024 | Date of earliest transaction (vesting of PRSUs and disposal of shares) |
| 02/28/2024 | PRSUs 2021 and 2021.1 vest on this date |
| 05/08/2024 | RSUs 2023 vest ratably over 3 years beginning on this date |
| 02/28/2025 | PRSUs 2022 and 2022.1 vest on this date |
| 05/08/2025 | RSUs 2024 vest ratably over 3 years beginning on this date |
| 02/28/2026 | PRSUs 2023 and 2023.1 vest on this date |
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