BURDETTE STEVEN G 4

What Happened

• Steven G. Burdette, President & CEO and a director of Haverty Furniture Companies (HVT), converted/ exercised a total of 6,004 restricted/performance stock units into 6,004 shares on 2026-05-08 (reported 2026-05-12). These conversions show an acquisition price of $0.00 (typical for RSU/PRSU vesting).
• To cover tax withholding obligations, 2,664 of the newly issued shares were surrendered/withheld at an implied share value of $22.20, generating $59,141. Net new shares retained by Burdette from this event: 3,340 shares.
• This was not an open-market sale by the insider; the 2,664-share disposal was a tax-withholding disposition (code F), a routine administrative step.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (timely within required business days).
• Specific entries reported: acquisitions (M) of 1,411, 1,415 and 3,178 shares (total 6,004) at $0.00; withholding (F) of 2,664 shares @ $22.20 for $59,141.
• Shares owned after transaction: not specified in the filing.
• Footnotes indicate these shares came from vested Restricted Stock Units and Performance RSUs from grants dated 2023–2026 (see F1–F7), with vesting/conversion events tied to the May vesting dates noted in those footnotes.
• Transaction codes: M = exercise/conversion of derivative (RSU/PRSU); F = shares withheld to satisfy tax obligations.

Context

• This is a common administrative outcome when RSUs/PRSUs vest: shares are issued and a portion is withheld to pay taxes rather than selling in the open market. It is generally considered routine and does not necessarily signal a change in insider sentiment.
• Net effect for shareholders: Haverty issued 6,004 shares on vesting, and the CEO's beneficial holdings increased by approximately 3,340 shares after withholding.