In 2023, Clarence H. Smith earned $1.50M in total compensation at Haverty Furniture Companies, Inc., including $760.00K salary and $670.75K bonus. Most recently sold 13,880 shares in Mar 2023. Currently holds stock worth $20.58M. Has donated $968.40K in stock to charitable causes. Led Haverty Furniture Companies, Inc. as CEO for 16 years.
Compensation History
Annual executive compensation data for Clarence H. Smith, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.50M
Salary
$760.00K
Bonus
$670.75K
Other
$66.71K
Salary
$760.00KBoard Justification
The compensation philosophy aims to attract and retain talented executives by aligning their compensation with company performance, peer benchmarking, and retention strategies.
Bonus
$670.75KBoard Justification
The total annual cash incentive award earned under the MIP-I and MIP-II plans, with MIP-I based on company performance and MIP-II based on individual performance, resulting in a total payout of 88.3% of target for 2023.
Other Compensation
$66.71KBoard Justification
Includes 401(k) plan match, contributions to the deferred compensation plan, and other compensation such as insurance premiums and health examinations.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the performance-based restricted stock units (PRSUs) will cliff vest in February 2026 based on performance metrics achieved in 2023.
Performance Metrics
The performance metrics for 2023 included pre-tax income and adjusted EBITDA, which directly influenced the cash incentive payouts.
Clarence H. Smith
Ex-CEO of Haverty Furniture Companies, Inc.
Education
Bachelor's degree in Business Administration
Field of Expertise
Business & Management
Born
June 15, 1954 - 71 years ago
CEO of Haverty Furniture Companies, Inc. for
16 years 11 months (Jan 2008 - Dec 2024)
Previous Experience
Various leadership roles within Havertys
Other Haverty Furniture Companies, Inc. CEOs
Holdings
Track Clarence H. Smith's stock holdings and portfolio value over time.
Total Stock Sold
$3.29M
$3.29M
131,277 HVT shares
What if they kept their stock?
If Clarence H. Smith didn't sell their stock, today they would have:
Extra HVT131,277 shares worth $3.12M.
This is -5.17% and $170.42K less than what they got when they sold the stock.
Charitable Transactions
40,706 shares
HVT
Recent Charitable Transactions
1,351 shares
HVT
Dec 31, 2022
Charity
2,069 shares
HVT
Dec 31, 2021
Charity
1,129 shares
HVT
Nov 24, 2020
Charity
1,377 shares
HVT
Feb 28, 2019
Charity
2,000 shares
HVT
Dec 11, 2017
Charity
3,351 shares
HVT
Mar 10, 2017
Charity
Insider Trading
Clarence H. Smith's recent stock transactions, purchases, and sales filed with the SEC.
$475.90K
HVT at $34.29/share
Mar 7, 2023
Sale
1,351 shares
HVT
Dec 31, 2022
Charity
$329.24K
HVT at $29.24/share
Aug 10, 2022
Sale
2,069 shares
HVT
Dec 31, 2021
Charity
1,129 shares
HVT
Nov 24, 2020
Charity
$285.93K
HVT at $28.04/share
Nov 23, 2020
Sale
$23.32K
HVT at $11.66/share
Mar 20, 2020
Purchase
1,377 shares
HVT
Feb 28, 2019
Charity
$239.51K
HVT at $24.01/share
Feb 28, 2019
Sale
2,000 shares
HVT
Dec 11, 2017
Charity
Rivals
Compare Clarence H. Smith with competitor CEOs and industry peers.