SMITH CLARENCE H 4
4 · HAVERTY FURNITURE COMPANIES INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Haverty (HVT) Executive Chairman Clarence H. Smith Exchanges 700 Shares
What Happened
Clarence H. Smith, Executive Chairman and Director of Haverty Furniture Companies, reported an exchange of 700 shares on 2026-03-17. The filing shows 700 shares disposed and 700 shares acquired at $0.00 — this represents an in-kind exchange of Common Stock for Class A Common Stock (footnote F1). No cash was paid or received.
Key Details
- Transaction date: 2026-03-17; Form 4 filed 2026-03-18 (filed the next day, within the usual 2-business-day window).
- Disposition: 700 shares @ $0.00 (disposed); Acquisition: 700 shares @ $0.00 (acquired).
- Shares owned after transaction: Not specified in the information provided in this summary.
- Relevant footnote: F1 — transaction is an exchange of Common Stock for Class A Common Stock.
- Other footnotes in the filing (F2–F9) describe outstanding and deferred equity awards (PRSUs and RSUs with various grant and vesting dates, and deferred director compensation) that relate to Smith’s compensation but are not part of this specific exchange.
Context
This was not a market purchase or sale and did not involve cash proceeds — it’s an equity reclassification/transfer between share classes. Such exchanges are typically administrative or governance-related and do not necessarily signal a change in insider sentiment about the company.
Insider Transaction Report
- Other
Common Stock
[F1]2026-03-17−700→ 89,385 total - Other
Class A Common Stock
[F1]2026-03-17+700→ 125,236 total
- 7,850(indirect: By Partnership)
Common Stock
- 29,689(indirect: By Spouse)
Common Stock
- 1,950(indirect: By Spouse)
Class A Common Stock
- 603,497(indirect: By Villa Clare, LP)
Class A Common Stock
- 13,553
PRSUs 2024
[F2]→ Common Stock (13,553 underlying) - 15,903
PRSUs 2025
[F3]→ Common Stock (15,903 underlying) - 3,224
PRSUs 2025.1
[F4]→ Common Stock (3,224 underlying) - 2,648
RSUs 2023
[F5]→ Common Stock (2,648 underlying) - 5,590
RSUs 2024
[F6]→ Common Stock (5,590 underlying) - 3,763
RSUs 2025
[F7]→ Common Stock (3,763 underlying) - 2,424
RSUs 2026
[F8]→ Common Stock (2,424 underlying) - 6,870
Phantom Stock
[F9]Exercise: $0.00→ Common Stock (6,870 underlying)
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.