BURDETTE STEVEN G 4
Research Summary
AI-generated summary
Haverty Furniture (HVT) CEO Steven Burdette Receives RSU Award
What Happened
Steven G. Burdette, President, CEO and a director of Haverty Furniture Companies, was granted 11,190 restricted stock units (RSUs) on January 22, 2026. The grant is reported as an acquisition of a derivative security (11,190 units at $0.00 per unit), meaning no cash was exchanged — these RSUs convert into one share of common stock each upon vesting. This is a company equity award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (within the typical two-business-day reporting window).
- Grant amount/price: 11,190 RSUs; $0.00 price reported (grant).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes in the filing:
- F1: The 1/22/2026 RSUs vest ratably over 3 years beginning 5/8/2027; each RSU converts to one share on vesting.
- F2–F4: Prior annual RSU grants (1/23/2025, 1/25/2024, 1/26/2023) vest ratably over three years beginning 5/8 of the listed years.
- F5–F7: Performance RSU awards (PRSUs) from 2023–2024 that are contingent on financial targets (e.g., EBITDA, consolidated sales) and vest on specified future dates (notably some PRSUs vest on 2/28/2026 and 2/28/2027).
- Transaction type code: A = Award/Grant (derivative). No 10b5-1, gift, sale, or tax-withholding action was indicated in the provided notes.
Context
RSU grants are standard executive compensation that align management with shareholder interests; they are not immediate purchases or sales. Because these RSUs vest over multiple years (per F1), they represent future potential share issuances contingent on continued service (and, for PRSUs, on performance metrics). Grants themselves are routine disclosures and do not necessarily signal a near-term market view by the insider.