Haverty (NYSE: HVT) chair shifts holdings between Common and Class A shares
Rhea-AI Filing Summary
HAVERTY FURNITURE COMPANIES INC Executive Chairman Clarence H. Smith reported an internal share exchange between stock classes. On March 17, 2026, he exchanged 700 shares of Common Stock for 700 shares of Class A Common Stock at a stated price of $0.00 per share, classified as an “other acquisition or disposition.”
After this restructuring, he directly holds 89,385 shares of Common Stock and 125,236 shares of Class A Common Stock. He also reports multiple equity awards and deferred units, including performance restricted stock units and restricted stock units such as 13,553 underlying shares from a 2024 PRSU award, plus phantom stock deferred under a directors’ compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
SMITH CLARENCE H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 700 | $0.00 | $0.00 |
| Other | Class A Common Stock | 700 | $0.00 | $0.00 |
| holding | PRSUs 2024 | -- | -- | -- |
| holding | PRSUs 2025 | -- | -- | -- |
| holding | PRSUs 2025.1 | -- | -- | -- |
| holding | RSUs 2023 | -- | -- | -- |
| holding | RSUs 2024 | -- | -- | -- |
| holding | RSUs 2025 | -- | -- | -- |
| holding | RSUs 2026 | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 89,385 shares (Direct);
Class A Common Stock — 125,236 shares (Direct);
PRSUs 2024 — 13,553 shares (Direct);
PRSUs 2025 — 15,903 shares (Direct);
PRSUs 2025.1 — 3,224 shares (Direct);
RSUs 2023 — 2,648 shares (Direct);
RSUs 2024 — 5,590 shares (Direct);
RSUs 2025 — 3,763 shares (Direct);
RSUs 2026 — 2,424 shares (Direct);
Phantom Stock — 6,870 shares (Direct);
Common Stock — 7,850 shares (Indirect, By Georgia Limited Partnership);
Common Stock — 29,689 shares (Indirect, By Spouse);
Class A Common Stock — 1,950 shares (Indirect, By Spouse);
Class A Common Stock — 603,497 shares (Indirect, By Villa Clare, LP)
Footnotes (9)
- F1. This transaction represents an exchange of Common Stock for Class A Common Stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. Deferred under Directors' Deferred Compensation Plan. Settlement will occur as prescribed by the elections under the Plan.
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FAQ
What insider transaction did Clarence H. Smith report for HVT on March 17, 2026?
Clarence H. Smith reported an internal exchange of 700 shares of Common Stock for 700 shares of Class A Common Stock. The transaction was coded as “J,” an other acquisition or disposition, with a stated price of $0.00 per share.
What performance restricted stock units (PRSUs) does Clarence H. Smith report in this HVT Form 4?
He reports PRSUs tied to EBITDA and consolidated sales performance, including a 2024 award for 13,553 underlying shares and 2025 awards for 15,903 and 3,224 underlying shares. These PRSUs vest on specified future dates once performance and time conditions are satisfied.
What restricted stock units (RSUs) and phantom stock holdings are disclosed for Clarence H. Smith at HVT?
The filing lists several RSU awards from 2023 through 2026, each equivalent to one share of common stock upon vesting, plus 6,870 phantom stock units. The phantom stock is deferred under a directors’ deferred compensation plan with settlement according to the plan’s elections.