HAVERTY FURNITURE COMPANIES INC·4

May 12, 4:22 PM ET

Gill John Linwood 4

Research Summary

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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.