Havertys (NYSE: HVT) chair sells 20,991 shares in August trade
Rhea-AI Filing Summary
HAVERTY FURNITURE COMPANIES INC (HVT) director and Executive Chairman Clarence H. Smith reported selling 20,991 shares of common stock on August 17, 2026 at a weighted average price of $28.16 per share (range $27.88–$28.46) in open-market transactions for personal estate, tax and financial planning purposes. After the sale, he held 71,705 shares of common stock directly, plus additional direct and indirect interests, including Class A common stock, PRSUs, RSUs and phantom stock tied to HVT common shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 20,991 shares
Net Sell
13 txns
Insider
SMITH CLARENCE H
Role
Director
Sold
20,991 shs ($591K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 20,991 | $28.16 | $591K |
| holding | PRSUs 2024 F3 | -- | -- | -- |
| holding | PRSUs 2025 F4 | -- | -- | -- |
| holding | PRSUs 2025.1 F5 | -- | -- | -- |
| holding | RSUs 2024 F6 | -- | -- | -- |
| holding | RSUs 2025 F7 | -- | -- | -- |
| holding | RSUs 2026 F8 | -- | -- | -- |
| holding | Phantom Stock F9 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,705 shares (Direct);
PRSUs 2024 — 13,553 shares (Direct);
PRSUs 2025 — 15,903 shares (Direct);
PRSUs 2025.1 — 3,224 shares (Direct);
RSUs 2024 — 2,795 shares (Direct);
RSUs 2025 — 2,583 shares (Direct);
RSUs 2026 — 2,424 shares (Direct);
Phantom Stock — 7,299 shares (Direct);
Common Stock — 7,850 shares (Indirect, By Georgia Limited Partnership);
Common Stock — 29,689 shares (Indirect, By Spouse);
Class A Common Stock — 125,236 shares (Direct);
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. The reported sale was effected for personal estate, tax and financial planning purposes.
- F2. Sale prices ranged from $27.88 to $28.46 for a weighted average of $28.16.
- F3. 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.
- 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 EBITDA for the year ended December 31, 2025 and will vest on February 28, 2028.
- F5. 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.
- 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.
Key Figures
Shares sold: 20,991 shares
Weighted average sale price: $28.16 per share
Direct common shares after sale: 71,705 shares
+5 more
8 metrics
Shares sold
20,991 shares
HVT common stock sold by Clarence H. Smith on August 17, 2026
Weighted average sale price
$28.16 per share
Open-market sale on August 17, 2026; prices ranged from $27.88 to $28.46
Direct common shares after sale
71,705 shares
Direct HVT common stock held by Clarence H. Smith following the reported sale
Direct Class A common stock
125,236 shares
Direct HVT Class A common stock holdings reported for Clarence H. Smith
Indirect common stock by spouse
29,689 shares
HVT common stock held indirectly through spouse
Indirect Class A by Villa Clare, LP
603,497 shares
HVT Class A common stock held indirectly by Villa Clare, LP
PRSUs 2024 underlying shares
13,553 shares
Performance RSU award granted 01/25/2024, vesting February 28, 2027
Phantom stock underlying shares
7,299 shares
Deferred under Directors' Deferred Compensation Plan; settlement per plan elections
Key Terms
Performance Restricted Stock Units ("PRSU"), Restricted Stock Units, Phantom Stock, Directors' Deferred Compensation Plan
4 terms
Performance Restricted Stock Units ("PRSU") financial
"Performance Restricted Stock Units ("PRSU") award granted 01/25/2024."
Restricted Stock Units financial
"Restricted Stock Units granted 1/25/2024 and vest ratably over 3 years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Phantom Stock financial
"Phantom Stock underlying HVT common stock, deferred under a plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors' Deferred Compensation Plan financial
"Deferred under Directors' Deferred Compensation Plan. Settlement will occur"
FAQ
What insider transaction did HVT report for Clarence H. Smith on August 17, 2026?
Clarence H. Smith reported selling 20,991 HVT common shares on August 17, 2026. The sale was executed in open-market trades at prices between $27.88 and $28.46, with a weighted average of $28.16 per share.
What equity awards tied to HVT stock does Clarence H. Smith hold after this Form 4?
He holds performance restricted stock units (PRSUs) and restricted stock units (RSUs) covering several future years, plus phantom stock units linked to 7,299 underlying HVT shares. PRSU awards were granted in 2024 and 2025 and vest based on EBITDA or consolidated sales and time-based schedules.
What Class A common stock holdings of HVT are reported for Clarence H. Smith?
He directly holds 125,236 shares of HVT Class A common stock. Indirectly, the report shows 1,950 Class A shares held by his spouse and 603,497 Class A shares held by Villa Clare, LP, all as of August 17, 2026.
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