SMITH CLARENCE H 4

What Happened

• Clarence H. Smith, Executive Chairman and Director of Haverty Furniture Companies (HVT), converted/exercised a total of 23,469 derivative units into common stock (20,722 + 2,747 shares) on 2026-02-27. Those conversions were recorded at $0 (these were award conversions, not option purchases).
• To satisfy tax withholding, 10,562 shares were surrendered/disposed at $23.81 per share for total withholding of $251,481.
• The filing also shows grants/awards of 19,127 derivative units (15,903 + 3,224 shares) recorded as acquisitions at $0 (these are PRSU/RSU-type awards reported as derivative awards).

Key Details

• Transaction date: February 27, 2026. Form 4 filed March 3, 2026 (timely within the 2-business-day reporting window).
• Exercise/conversion (code M): 20,722 and 2,747 shares acquired (total 23,469) at $0. Tax withholding (code F): 10,562 shares disposed at $23.81 for $251,481. Grant/award (code A): 15,903 and 3,224 derivative awards recorded at $0 (total 19,127).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes: several awards are Performance Restricted Stock Units (PRSUs) and Restricted Stock Units (RSUs) with various grant dates and vesting schedules (see footnotes F1–F9). Footnotes F3/F4 indicate certain PRSUs granted 1/26/2023 were earned and vest on 2/28/2026 (consistent with conversions reported). F10 notes some amounts are deferred under the Directors' Deferred Compensation Plan.
• Codes explained: M = exercise/conversion of a derivative award; F = payment of exercise price or tax liability (share withholding); A = grant/award.

Context

• This appears to be a routine net settlement of vested equity awards (PRSUs/RSUs) rather than an open-market sale or a cash purchase. The withheld shares (F code) were used to cover tax obligations—common practice when awards vest.
• Such transactions are administrative/compensation-related and do not necessarily signal the insider’s view on the company’s stock.