Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-15

Haverty Furniture Companies (HVT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$2,635,789
Steven Burdette total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
99.53%
Say-on-pay support, latest vote
Companies that benchmark against HVT
1 company names HVT as a compensation peer

Each company listed discloses HVT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HVT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Steven Burdette$650,000$0$1,072,192$0$844,350$23,892$45,355$2,635,789
President and Chief Executive Officer
Clarence Smith600,0000448,8210586,80066,09445,5941,747,309
Executive Chairman
Richard Hare485,0000435,3550442,708034,4471,397,510
Executive Vice President, Chief Financial Officer
John Gill440,0000329,1430372,94410,92532,8991,185,911
Executive Vice President, Merchandising

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Steven Burdette$2,635,789$1,199,124$1,391,998+1,436,665
Clarence Smith1,747,3092,604,8542,887,694−857,545
Richard Hare1,397,5101,028,8101,160,584+368,700
John Gill1,185,911877,521980,808+308,390

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Steven BurdetteOPTION2025-01-23$214,443
Steven BurdetteOPTION2025-01-232,9917,47811,217171,545
Steven BurdetteOPTION2025-01-2311,96529,91352,348686,204
John GillOPTION2025-01-233,2148,03514,061184,323
John GillOPTION2025-01-238042,0093,01446,086
John GillOPTION2025-01-2398,734
Richard HareOPTION2025-01-231,0632,6573,98660,952
Richard HareOPTION2025-01-23130,597
Richard HareOPTION2025-01-234,25110,62818,599243,806
Clarence H. SmithOPTION2025-01-235,00912,52221,914287,255
Clarence H. SmithOPTION2025-01-2389,764
Clarence H. SmithOPTION2025-01-231,2523,1304,69571,802
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Steven Burdette$0$0$1,072,1920.0%
John Gill00329,1430.0%
Richard Hare00435,3550.0%
Clarence H. Smith00448,8210.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
SmithRSU20,722$484,066
Steven BurdetteRSU29,913698,768
SmithRSU14,091329,166
SmithRSU12,522292,514
Richard HareRSU10,628248,270
Steven BurdetteRSU9,348218,369
SmithRSU8,146190,291
John GillRSU8,035187,698
Steven BurdetteRSU7,478174,686
Steven BurdetteRSU6,697156,442
Richard HareRSU5,693132,988
SmithRSU3,91391,408
Richard HareRSU5,669132,428
SmithRSU5,296123,715
John GillRSU4,304100,541
SmithRSU3,13073,117
Steven BurdetteRSU4,286100,121
John GillRSU4,25299,327
Steven BurdetteRSU4,16097,178
Richard HareRSU3,60084,096
Steven BurdetteRSU88820,744
Richard HareRSU3,49481,620
John GillRSU2,91468,071
John GillRSU2,82966,085
Steven BurdetteRSU2,82265,922
SmithRSU2,74764,170
Richard HareRSU2,65762,068
Richard HareRSU2,38955,807
John GillRSU2,00946,930
John GillRSU1,79241,861
Richard HareRSU75217,567
John GillRSU56413,175
05

Incentive-plan design — the Compensation Discussion & Analysis

Our goal is to attract and retain talented executives who deliver value to our stockholders by achieving Havertys’ business objectives which drive sustained sales, EBITDA growth, cash flow, and returns to stockholders. Our executive compensation program and overall pay-for-performance philosophy align with that goal and our results, emphasizing variable compensation over fixed pay.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1122,822,106107,62626,93599.53%Passed
20252025-05-1223,050,213490,47752,60897.92%Passed
20242024-05-0623,251,571497,88340,67797.9%Passed
20232023-05-0821,932,71098,9746,22599.55%Passed
20222022-05-0922,868,636402,01355,37898.27%Passed
20212021-05-1025,273,333278,06252,68698.91%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1199.53%a
20252025-05-1297.92%b
20242024-05-0697.9%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
G. Thomas HoughIndependent · Lead Independent Director · Audit · Nominating, Compensation and Governance · Executive (Chair) · Lead Director$85,000$95,000$0$180,000
Al TrujilloIndependent · Audit (Chair) · Nominating, Compensation and Governance · Executive85,00095,0000180,000
L. Allison DukesIndependent · Nominating, Compensation and Governance (Chair) · Executive75,00095,0000170,000
Michael R. CoteIndependent · Audit70,00095,0000165,000
Vicki R. PalmerIndependent · Audit70,00095,0000165,000
Derek G. SchillerIndependent · Nominating, Compensation and Governance65,00095,0000160,000
Natalie B. MorhousIndependent · Nominating, Compensation and Governance63,33395,0000158,333
Rawson Haverty JrNot independent60,00095,0000155,000
Clarence H. SmithEmployee director · Board Chair · Executive · Chairman of the Board0
Steven G. BurdetteEmployee director · Executive · Newly elected0
E. Kendrick SmithNot independent · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$95,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000
Stock ownership guideline$300,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$573,333
Equity awards (grant-date value)$760,000
All other compensation$0
Total cost of the board$1,333,333

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Haverty Furniture Companies names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Haverty Furniture Companies.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1HNI Corporation2025Jeffrey Lorenger$1,056,740$5,092,316$0$1,787,404$8,218,947
2La-Z-Boy Incorporated2026Melinda Whittington1,063,0004,711,84701,261,7197,295,975
3Sleep Number Corporation2025Linda Findley853,8464,104,519006,233,574
4Interface, Inc.2025Laurel Hurd930,0002,821,99901,769,3255,651,488
5Oxford Industries, Inc.2025Thomas Chubb III900,0003,942,2050388,4405,529,136
6American Woodmark Corp.2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
7Arhaus Inc.2025John Reed1,499,680001,349,7124,649,751
8Ethan Allen Interiors Inc.2025M. Farooq Kathwari1,150,0501,517,98801,037,3003,833,334
9Haverty Furniture Companies2025Steven Burdette650,0001,072,1920844,3502,635,789
Tile Shop Holdings, Inc.not in coverage universe
Flexsteel Industries, Inc.not in coverage universe
Culp, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Haverty Furniture Companiesnot disclosedPRSU 80 · RSU 20not disclosedMeridian Compensation Partners, LLC
American Woodmark Corp.60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Arhaus Inc.90%not disclosedYes — relative total shareholder return (TSR)Aon plc
Culp, Inc.not disclosednot disclosednot disclosednot disclosed
Ethan Allen Interiors Inc.not disclosednot disclosednot disclosednot disclosed
Flexsteel Industries, Inc.not disclosednot disclosednot disclosednot disclosed
HNI Corporation140%PSU 50 · RSU 50NoExequity LLP
Interface, Inc.152.2%PSU 50 · RSU 50NoPearl Meyer & Partners
La-Z-Boy Incorporatednot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Oxford Industries, Inc.43%not disclosedYes — Total Shareholder Return (TSR) relative to comparator groupMeridian Compensation Partners, LLC
Sleep Number Corporationnot disclosedPSU 50 · RSU 50Yes — Relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Tile Shop Holdings, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Steven BurdetteDEF 14A2026-03-270001628280-26-021584Section “Summary Compensation Table” · page 30. As printed: 2,635,789. Filing ↗machine: r7 · c33 · span 460464–460473
2Section 01, Clarence SmithDEF 14A2026-03-270001628280-26-021584Section “Summary Compensation Table” · page 30. As printed: 1,747,309. Filing ↗machine: span 451656–451665
3Section 01, Richard HareDEF 14A2026-03-270001628280-26-021584Section “Summary Compensation Table” · page 30. As printed: 1,397,510. Filing ↗machine: r11 · c33 · span 469273–469282
4Section 01, John GillDEF 14A2026-03-270001628280-26-021584Section “Summary Compensation Table” · page 30. As printed: 1,185,911. Filing ↗machine: r15 · c33 · span 478070–478079
5Section 03, Steven Burdette OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 583473–583480
6Section 03, Steven Burdette OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 579833–579840
7Section 03, Steven Burdette OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
8Section 03, John Gill OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
9Section 03, John Gill OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 620902–620908
10Section 03, John Gill OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 624541–624547
11Section 03, Richard Hare OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 600371–600377
12Section 03, Richard Hare OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 604010–604017
13Section 03, Richard Hare OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
14Section 03, Clarence H. Smith OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 554955–554962
15Section 03, Clarence H. Smith OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 562233–562239
16Section 03, Clarence H. Smith OPTIONDEF 14A2026-03-270001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 558594–558600
17Section 08, G. Thomas HoughDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 180,000. Filing ↗
18Section 08, Al TrujilloDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 180,000. Filing ↗
19Section 08, L. Allison DukesDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 170,000. Filing ↗
20Section 08, Michael R. CoteDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 165,000. Filing ↗
21Section 08, Vicki R. PalmerDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 165,000. Filing ↗
22Section 08, Derek G. SchillerDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 160,000. Filing ↗
23Section 08, Natalie B. MorhousDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 158,333. Filing ↗
24Section 08, Rawson Haverty JrDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 155,000. Filing ↗
25Section 08, Clarence H. SmithDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Steven G. BurdetteDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, E. Kendrick SmithDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: —. Filing ↗
28Section 06, 2026 voteForm 8-K2026-05-140001628280-26-035113Item 5.07 · say-on-pay result. As reported: 99.53% (votes for as printed: 22,822,106). Filing ↗
29Section 06, 2025 voteForm 8-K2025-05-140000216085-25-000007Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 23,050,213). Filing ↗
30Section 06, 2024 voteForm 8-K2024-05-080000216085-24-000010Item 5.07 · say-on-pay result. As reported: 97.9% (votes for as printed: 23,251,571). Filing ↗
31Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Section 09b board cost (computed)ComputedcomputedCash 573,333 + equity 760,000 + all other 0 = 1,333,333, summed across the director compensation table rows.machine: formula: Σ = 1,333,333
34HNI Corporation, Section 10b CEO totalDEF 14A2026-03-250001140361-26-011104CEO total compensation as printed in HNI Corporation's own proxy. As printed: 8,218,947. Filing ↗machine: t142 · r2 · c25 · span 751396–751405
35La-Z-Boy Incorporated, Section 10b CEO totalDEF 14A2026-07-150000057131-26-000024CEO total compensation as printed in La-Z-Boy Incorporated's own proxy. As printed: 7,295,975. Filing ↗machine: r3 · c21 · span 898934–898943
36Sleep Number Corporation, Section 10b CEO totalDEF 14A2026-04-080000827187-26-000031CEO total compensation as printed in Sleep Number Corporation's own proxy. As printed: 6,233,574. Filing ↗machine: t91 · r2 · c2 · span 1404923–1404930
37Interface, Inc., Section 10b CEO totalDEF 14A2026-04-010001437749-26-010857CEO total compensation as printed in Interface, Inc.'s own proxy. As printed: 5,651,488. Filing ↗machine: r4 · c33 · span 602054–602063
38Oxford Industries, Inc., Section 10b CEO totalDEF 14A2026-05-130000075288-26-000032CEO total compensation as printed in Oxford Industries, Inc.'s own proxy. As printed: 5,529,136. Filing ↗machine: t36 · r3 · c12 · span 668880–668889
39American Woodmark Corp., Section 10b CEO totalDEF 14A2025-06-250000794619-25-000063CEO total compensation as printed in American Woodmark Corp.'s own proxy. As printed: 4,886,047. Filing ↗machine: span 397216–397225
40Arhaus Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-138942CEO total compensation as printed in Arhaus Inc.'s own proxy. As printed: 4,649,751. Filing ↗machine: span 370210–370219
41Ethan Allen Interiors Inc., Section 10b CEO totalDEF 14A2025-09-260001104659-25-093869CEO total compensation as printed in Ethan Allen Interiors Inc.'s own proxy. As printed: 3,833,334. Filing ↗
42Haverty Furniture Companies (subject), Section 10b CEO totalDEF 14A2026-03-270001628280-26-021584CEO total compensation as printed in Haverty Furniture Companies's own proxy. As printed: 2,635,789. Filing ↗machine: r7 · c33 · span 460464–460473
43Section 10a, Oxford Industries, Inc. reciprocityDEF 14A0000075288-26-000032Oxford Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
44Section 10a, HNI Corporation reciprocityDEF 14A0001140361-26-011104HNI Corporation's most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
45Section 10a, La-Z-Boy Incorporated reciprocityDEF 14A0000057131-26-000024La-Z-Boy Incorporated's most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
46Section 10a, Arhaus Inc. reciprocityDEF 14A0001193125-26-138942Arhaus Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
47Section 10a, Sleep Number Corporation reciprocityDEF 14A0000827187-25-000044Sleep Number Corporation's most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
48Section 10a, Ethan Allen Interiors Inc. reciprocityDEF 14A0001104659-25-093869Ethan Allen Interiors Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
49Section 10a, American Woodmark Corp. reciprocityDEF 14A0000794619-25-000063American Woodmark Corp.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
50Section 10a, Interface, Inc. reciprocityDEF 14A0001437749-26-010857Interface, Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗