Gill John Linwood 4
4 · HAVERTY FURNITURE COMPANIES INC · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Haverty (HVT) EVP Gill John Linwood Exercises RSUs, Withholds Shares
What Happened
Gill John Linwood, Executive Vice President, Merchandising at Haverty Furniture (HVT), converted/exercised a total of 3,320 derivative units into common stock on May 8, 2026 (three conversion events of 896, 961 and 1,463 shares). To satisfy tax withholding obligations, 1,441 shares were withheld/disposed at $22.20 per share for a total withholding value of $31,990. The reported exercise/conversion price for the vested units was $0 (these were RSU/PRSU vesting events), so this was not an out‑of‑pocket purchase; net new shares received by the insider were 1,879 shares (3,320 converted minus 1,441 withheld).
Key Details
- Transaction date: May 8, 2026. Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax liability (withholding).
- Converted amounts: 896, 961 and 1,463 shares (total 3,320). Withheld for taxes: 1,441 shares at $22.20 each = $31,990.
- Reported exercise/conversion price: $0. This indicates RSU/PRSU vesting rather than purchase of optioned stock.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes: conversions reflect vested Restricted Stock Units (RSUs) and Performance RSUs (PRSUs) from grants listed in the filing (see F1–F7). Some PRSUs were performance‑earned based on EBITDA or sales and vest on later dates per the footnotes.
- Filing timeliness: no late‑filing indicator was provided in the excerpt.
Context
These entries are a routine vesting/conversion of equity awards (derivative conversion of RSUs/PRSUs) with shares withheld to cover tax obligations — a common non‑market sale that does not necessarily signal a change in insider sentiment. For retail investors: purchases are usually more informative than routine vesting/withholding events; here the insider received net shares after tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-08+896→ 22,825 total - Exercise/Conversion
Common Stock
2026-05-08+961→ 23,786 total - Exercise/Conversion
Common Stock
2026-05-08+1,463→ 25,249 total - Tax Payment
Common Stock
2026-05-08$22.20/sh−1,441$31,990→ 23,808 total - Exercise/Conversion
RSUs 2023
[F1]2026-05-08−896→ 0 total→ Common Stock (896 underlying) - Exercise/Conversion
RSUs 2024
[F2]2026-05-08−961→ 962 total→ Common Stock (961 underlying) - Exercise/Conversion
RSUs 2025
[F3]2026-05-08−1,463→ 2,841 total→ Common Stock (1,463 underlying)
- 17,500
Class A Common Stock
- 4,677
RSUs 2026
[F4]→ Common Stock (4,677 underlying) - 2,829
PRSUs 2024
[F5]→ Common Stock (2,829 underlying) - 10,204
PRSUs 2025
[F6]→ Common Stock (10,204 underlying) - 2,069
PRSUs 2025.1
[F7]→ Common Stock (2,069 underlying)
Footnotes (7)
- [F1]Restricted Stock Units granted 1/26/2023 and vest ratably over 3 years beginning 5/8/2024. Each RSU is equivalent to one share of common stock upon vesting.
- [F2]Restricted Stock Units granted 1/25/2024 and vest ratably over 3 years beginning 5/8/2025. Each RSU is equivalent to one share of common stock upon vesting.
- [F3]Restricted Stock Units granted 1/23/2025 and vest ratably over 3 years beginning 5/8/2026. Each RSU is equivalent to one share of common stock upon vesting.
- [F4]Restricted Stock Units granted 1/22/2026 and vest ratably over 3 years beginning 5/8/2027. Each RSU is equivalent to one share of common stock upon vesting.
- [F5]Performance Restricted Stock Units ("PRSU") award granted 01/25/2024. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2024, and will vest on February 28, 2027.
- [F6]Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on EBITDA for the year ended December 31, 2025 and will vest on February 28, 2028.
- [F7]Performance Restrict Stock Units ("PRSU") award granted 01/22/2025. Each PRSU represents a contingent right to receive one share of HVT common stock and was earned based on consolidated sales for the year ended December 31, 2025 and will vest on February 28, 2028.