Form 4: Haverty Furniture Companies Inc: Senior Vice President Helen Berry Bautista Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Helen Berry Bautista reports the vesting and subsequent disposal of restricted stock units (RSUs) and performance restricted stock units (PRSUs) in Haverty Furniture Companies Inc.
Summary
- On May 8, 2024, Helen Berry Bautista, Senior Vice President of Marketing at Haverty Furniture Companies Inc., reported transactions involving common stock.
- These transactions involved the vesting of RSUs and PRSUs, and the subsequent disposal of some shares to cover tax obligations.
- Specifically, 605 RSUs from the 2021 grant, 847 RSUs from the 2022 grant, and 880 RSUs from the 2023 grant vested.
- A total of 883 shares were disposed of at a price of $28.58 to satisfy tax withholding requirements.
- Following these transactions, Bautista directly owns 13,056 shares of Haverty Furniture Companies Inc.
- She also holds various unvested RSUs and PRSUs granted in 2022, 2023 and 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing of stock transactions by an insider. There are no explicit positive or negative indicators about the company's performance.
Positives
- The vesting of RSUs and PRSUs indicates that Bautista has met certain performance or time-based requirements set by the company.
- Continued ownership of 13,056 shares demonstrates a continued investment in the company's success.
Negatives
- The disposal of 883 shares to cover tax obligations, while standard practice, slightly reduces Bautista's direct shareholding.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as the disposal of shares is related to tax obligations and does not indicate a change in the executive's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 01/21/2021 | Restricted Stock Units granted, vesting ratably over 3 years beginning 5/8/2022. |
| 01/26/2022 | Restricted Stock Units and Performance Restricted Stock Units granted, vesting ratably over 3 years beginning 5/8/2023. |
| 01/26/2023 | Restricted Stock Units and Performance Restricted Stock Units granted, vesting ratably over 3 years beginning 5/8/2024. |
| 01/25/2024 | Restricted Stock Units granted, vesting ratably over 3 years beginning 5/8/2025. |
| 05/08/2024 | Date of reported transactions: vesting of RSUs and PRSUs, and disposal of shares for tax obligations. |
| 05/10/2024 | Date of filing the Form 4. |
| 02/28/2025 | Vesting date for PRSUs granted 1/26/2022. |
| 02/28/2026 | Vesting date for PRSUs granted 1/26/2023. |
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