Form 4: Haverty Furniture Companies Executive VP & CIO Reports Stock Transactions
SEC Form 4 Filing
Executive VP & CIO of Haverty Furniture Companies, J Edward Clary, reports acquisition and disposal of common stock and derivative securities related to performance and restricted stock units.
Summary
- J Edward Clary, Executive VP & CIO of Haverty Furniture Companies, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2024, Clary acquired 8,218 and 1,468 shares of common stock through the vesting of Performance Restricted Stock Units (PRSUs).
- Also on February 28, 2024, Clary disposed of 3,619 shares of common stock at a price of $33.72.
- Following these transactions, Clary directly owns 46,238 shares of common stock.
- The transactions also involved PRSUs granted in 2021, 2022 and 2023, and Restricted Stock Units (RSUs) granted between 2021 and 2024, which vest over three years.
- Clary now holds 4,252 PRSUs from the 2023 EBITDA award, 564 PRSUs from the 2023 sales award, 5,063 PRSUs from the 2022 EBITDA award, 1,234 PRSUs from the 2022 sales award, 2,700 RSUs from the 2024 award, 2,715 RSUs from the 2023 award, 1,716 RSUs from the 2022 award, and 830 RSUs from the 2021 award.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/21/2021 | Date of grant for PRSUs 2021 and RSUs 2021 |
| 01/26/2022 | Date of grant for PRSUs 2022 and RSUs 2022 |
| 05/08/2022 | First vesting date for RSUs 2021 |
| 01/26/2023 | Date of grant for PRSUs 2023 and RSUs 2023 |
| 05/08/2023 | First vesting date for RSUs 2022 |
| 01/25/2024 | Date of grant for RSUs 2024 |
| 02/28/2024 | Transaction date for stock acquisition and disposal, vesting date for PRSUs 2021 |
| 03/01/2024 | Date of signature for the Form 4 filing |
| 05/08/2024 | First vesting date for RSUs 2023 |
| 02/28/2025 | Vesting date for PRSUs 2022 |
| 05/08/2025 | First vesting date for RSUs 2024 |
| 02/28/2026 | Vesting date for PRSUs 2023 |
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