Haverty Furniture (HVT) executive chairman awarded 2,424 RSUs and reports sizable stock holdings
Rhea-AI Filing Summary
Haverty Furniture Companies executive chairman Clarence H. Smith reported an equity award of 2,424 restricted stock units (RSUs) dated January 22, 2026. These 2026 RSUs vest in equal installments over three years beginning May 8, 2027, and each RSU converts into one share of common stock when it vests.
The filing also lists previously granted RSUs from 2023–2025 and performance RSUs tied to EBITDA and consolidated sales for the years ended December 31, 2023 and 2024, with vesting dates in February 2026 and February 2027. In addition to derivative awards and phantom stock deferred under the directors' deferred compensation plan, Smith reports direct and indirect holdings of Haverty common and Class A common stock, including shares held through a Georgia limited partnership, his spouse, and Villa Clare, LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
SMITH CLARENCE H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSUs 2026 | 2,424 | $0.00 | $0.00 |
| holding | RSUs 2025 | -- | -- | -- |
| holding | RSUs 2024 | -- | -- | -- |
| holding | RSUs 2023 | -- | -- | -- |
| holding | PRSUs 2023 | -- | -- | -- |
| holding | PRSUs 2023.1 | -- | -- | -- |
| holding | PRSUs 2024 | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
RSUs 2026 — 2,424 shares (Direct);
RSUs 2025 — 3,763 shares (Direct);
RSUs 2024 — 5,590 shares (Direct);
RSUs 2023 — 2,648 shares (Direct);
PRSUs 2023 — 20,722 shares (Direct);
PRSUs 2023.1 — 2,747 shares (Direct);
PRSUs 2024 — 13,553 shares (Direct);
Phantom Stock — 6,870 shares (Direct);
Common Stock — 77,178 shares (Direct);
Common Stock — 7,850 shares (Indirect, By Georgia Limited Partnership);
Common Stock — 29,689 shares (Indirect, By Spouse);
Class A Common Stock — 124,536 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 (8)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. 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, 2023, and will vest on February 28, 2026.
- F6. Performance Restricted Stock Units ("PRSUs") award granted 1/26/2023. 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, 2023, and will vest on February 28, 2026.
- F7. 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.
- F8. 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 HVT report for Clarence H. Smith on January 22, 2026?
The filing shows that Haverty Furniture Companies executive chairman Clarence H. Smith received an award of 2,424 restricted stock units (RSUs) 2026 on January 22, 2026, reported with transaction code A at a price of $0 per unit.
How do the 2026 RSUs for HVT’s executive chairman vest?
The 2026 RSUs for Clarence H. Smith were granted on January 22, 2026 and vest ratably over 3 years beginning May 8, 2027. Each RSU is equivalent to one share of Haverty common stock upon vesting.
What other RSU awards does Clarence H. Smith hold in Haverty Furniture (HVT)?
In addition to the 2026 grant, the filing lists RSUs granted on January 23, 2025 (3,763 units), January 25, 2024 (5,590 units), and January 26, 2023 (2,648 units), each vesting ratably over three years starting in May 2026, May 2025, and May 2024, respectively.
What performance-based RSUs (PRSUs) are reported for HVT’s executive chairman?
The filing reports several PRSU awards: 20,722 PRSUs 2023 earned based on EBITDA for the year ended December 31, 2023, 2,747 PRSUs 2023.1 earned based on consolidated sales for that same year, both vesting on February 28, 2026, and 13,553 PRSUs 2024 earned based on EBITDA for the year ended December 31, 2024, vesting on February 28, 2027.
How much Haverty common stock does Clarence H. Smith hold directly and indirectly?
The Form 4 shows 77,178 shares of common stock and 124,536 shares of Class A common stock held directly. Indirect holdings include 7,850 common shares by a Georgia limited partnership, 29,689 common and 1,950 Class A shares by his spouse, and 603,497 Class A shares by Villa Clare, LP.
What is the phantom stock position disclosed for Haverty Furniture’s executive chairman?
The filing discloses 6,870 units of phantom stock, described as deferred under the Directors' Deferred Compensation Plan, with settlement to occur as prescribed by elections under that plan.
What is Clarence H. Smith’s role and relationship to Haverty Furniture Companies (HVT)?
According to the Form 4, Clarence H. Smith is a director, a 10% owner is not indicated, and he is listed under "Other" as the company’s Executive Chairman.