SMITH CLARENCE H 4
Research Summary
AI-generated summary
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.