Hare Richard B 4
Research Summary
AI-generated summary
Haverty (HVT) CFO Richard B. Hare Receives RSU Award
What Happened
Richard B. Hare, Haverty Furniture Companies' Executive Vice President and Chief Financial Officer, received a grant of 5,970 restricted stock units (RSUs) reported as a derivative acquisition on Jan 22, 2026. The award has an acquisition price of $0.00 (typical for compensation grants); each RSU converts to one share of common stock upon vesting.
Key Details
- Transaction date: 2026-01-22 (Filed with the SEC on 2026-01-26). Transaction code: A (award/grant); reported as a derivative.
- Award size and price: 5,970 RSUs @ $0.00 (no cash paid).
- Vesting: These RSUs vest ratably over 3 years beginning 5/8/2027 (see footnote F1). Each RSU equals one share upon vesting.
- Other outstanding awards noted in the filing: prior RSU grants from 1/26/2023, 1/25/2024, 1/23/2025 with staggered vesting start dates (F2–F4), and performance RSU awards tied to 2023 and 2024 results that vest on Feb 28 of 2026 or 2027 (F5–F7).
- Shares owned after transaction: not specified in the public summary of this filing.
- Filing timeliness: Filed on Jan 26, 2026 — within the usual two-business-day Form 4 reporting window.
Context
This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common executive compensation and only convert to tradable shares if/when they vest (and, for PRSUs, performance goals are met). Because the reported acquisition price is $0, the entry reflects an equity award rather than a cash purchase.