Hare Richard B 4

What Happened

• Richard B. Hare, EVP and Chief Financial Officer of Haverty Furniture (HVT), had performance/restricted stock units convert and received new PRSU awards on Feb 27, 2026. In total he acquired or was granted rights to 22,656 shares (5,669 + 752 from conversions and 13,498 + 2,737 from grants). To cover tax withholding, 2,796 shares were surrendered/ disposed at $23.81 per share for proceeds of $66,573. Several exercise/conversion entries show $0 price because these were conversions of PRSUs/RSUs into shares (derivative-to-stock conversion), not open-market purchases.

Key Details

• Transaction date: February 27, 2026.
• Cash proceeds/withholding: 2,796 shares disposed at $23.81 for $66,573 to satisfy tax liability (code F = payment of exercise price or tax liability).
• Other entries: exercise/conversion of 5,669 and 752 derivative units (code M) recorded at $0 (conversion of units to shares); grants of 13,498 and 2,737 PRSUs (code A) recorded at $0 (awards).
• Shares owned after the transactions: not specified in the provided filing.
• Relevant footnotes: PRSU/RSU award footnotes indicate (a) some PRSUs granted 1/26/2023 vested based on 2023 performance and vested 2/28/2026 (these likely converted), and (b) the larger PRSU grants (granted 1/22/2025) are performance awards earned on 2025 results but remain subject to future vesting dates (see filing footnotes for full vesting schedules).
• Filing date: Form filed 2026-03-03 (transaction date 2026-02-27).

Context

• These transactions reflect derivative/award activity (conversion of vested PRSUs/RSUs and receipt of new PRSU awards), not an open-market buy or routine sale. The only meaningful cash transaction was the share surrender to cover taxes — a common administrative step after vesting.
• PRSUs are contingent rights to receive shares upon meeting performance/vesting conditions; granted PRSUs may not be transferable or vested until specified future dates. This activity is routine compensation-related equity conversion and withholding, not necessarily a directional signal about the CFO’s view of the stock.