Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-24

Haverty Furniture Companies (HVT)

CEO Steven Burdette was paid $2,635,789 in fiscal year 2025, ↑ up 119.8% from fiscal year 2024, the 13th percentile of its disclosed peer group (SEC filing 0001628280-26-021584 ↗): 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
13th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.53%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Steven Burdette (President and Chief Executive Officer), FY2025 total compensation $2,635,789 (base salary $650,000) [exec_comp, SEC accession 0001628280-26-021584, filed 2026-03-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

HVT's next annual pay disclosure, estimated March 26, 2027.est. Filing ↗

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 FY2024→2025
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.

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Companies that benchmark against HVT
5 companies name 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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
John GillEVP$1,185,911
Richard HareCFO$1,397,510
Clarence SmithExecutive Chairman$1,747,309
Steven BurdetteCEO$2,635,789
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Al TrujilloIndependent Director$180,000
Derek G. SchillerIndependent Director$160,000
G. Thomas HoughLead Independent Director$180,000
L. Allison DukesIndependent Director$170,000
Michael R. CoteIndependent Director$165,000
Natalie B. MorhousIndependent Director$158,333
Rawson Haverty JrDirector$155,000
Vicki R. PalmerIndependent Director$165,000
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 BurdetteRSU2025-01-23——9,348—$214,443
Richard HarePSU2025-01-234,25110,628—18,599243,806
Steven BurdettePSU2025-01-2311,96529,913—52,348686,204
Clarence H. SmithPSU2025-01-235,00912,522—21,914287,255
John GillRSU2025-01-23——4,304—98,734
Richard HareRSU2025-01-23——5,693—130,597
Steven BurdettePSU2025-01-232,9917,478—11,217171,545
John GillPSU2025-01-238042,009—3,01446,086
Richard HarePSU2025-01-231,0632,657—3,98660,952
John GillPSU2025-01-233,2148,035—14,061184,323
Clarence H. SmithPSU2025-01-231,2523,130—4,69571,802
Clarence H. SmithRSU2025-01-23——3,913—89,764
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Steven Burdette$214,443$857,749$080.0%
Richard Hare130,597304,758070.0%
Clarence H. Smith89,764359,057080.0%
John Gill98,734230,409070.0%

% 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 BurdetteRSU29,913—698,768
SmithRSU14,091—329,166
SmithRSU12,522—292,514
Richard HareRSU10,628—248,270
Steven BurdetteRSU9,348—218,369
SmithRSU8,146—190,291
John GillRSU8,035—187,698
Steven BurdetteRSU7,478—174,686
Steven BurdetteRSU6,697—156,442
Richard HareRSU5,693—132,988
SmithRSU3,913—91,408
Richard HareRSU5,669—132,428
SmithRSU5,296—123,715
John GillRSU4,304—100,541
SmithRSU3,130—73,117
Steven BurdetteRSU4,286—100,121
John GillRSU4,252—99,327
Steven BurdetteRSU4,160—97,178
Richard HareRSU3,600—84,096
Steven BurdetteRSU888—20,744
Richard HareRSU3,494—81,620
John GillRSU2,914—68,071
John GillRSU2,829—66,085
Steven BurdetteRSU2,822—65,922
SmithRSU2,747—64,170
Richard HareRSU2,657—62,068
Richard HareRSU2,389—55,807
John GillRSU2,009—46,930
John GillRSU1,792—41,861
Richard HareRSU752—17,567
John GillRSU564—13,175
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. Approved under the standard stated in the filing — “An "abstention" will have no effect on the vote's outcome, because an abstention does not count as a vote under Maryland law, and under our bylaws, the candidates who receive the highest number of "for" votes are elected.”.

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 · Executive85,00095,000——0180,000
L. Allison DukesIndependent · Nominating, Compensation and Governance (Chair) · Executive75,00095,000——0170,000
Vicki R. PalmerIndependent · Audit70,00095,000——0165,000
Michael R. CoteIndependent · Audit70,00095,000——0165,000
Derek G. SchillerIndependent · Nominating, Compensation and Governance65,00095,000——0160,000
Natalie B. MorhousIndependent · Nominating, Compensation and Governance63,33395,000——0158,333
Rawson Haverty JrNot independent60,00095,000——0155,000
Clarence H. SmithEmployee director · Board Chair · Executive · Chairman of the Board—————0
Steven G. BurdetteEmployee director · Executive · Newly elected—————0
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$5
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
3Interface, Inc.2025Laurel Hurd930,0002,821,99901,769,3255,651,488
4Oxford Industries, Inc.2025Thomas Chubb III900,0003,942,2050388,4405,529,136
5American Woodmark Corp.2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
6Arhaus Inc.2025John Reed1,499,680001,349,7124,649,751
7Ethan Allen Interiors Inc.2026M. Farooq Kathwari1,150,0501,518,0020531,3003,253,570
8Haverty Furniture Companies2025Steven Burdette650,0001,072,1920844,3502,635,789
9Flexsteel Industries, Inc.2025Derek Schmidt570,000902,9900908,0102,459,195
—Culp, Inc.——————not in coverage universe
—Sleep Number Corporation——————not in coverage universe
—Tile Shop Holdings, 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.not disclosednot 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 disclosedMeridian Compensation Partners, LLC
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 disclosednot disclosednot disclosedFrederic 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.

10d

Frequently asked questions

Who was the highest-paid executive at Haverty Furniture Companies in fiscal 2025?
As disclosed, Steven Burdette (President and Chief Executive Officer) was the highest-paid executive at Haverty Furniture Companies in fiscal 2025, with total compensation of $2,635,789.
How does Haverty Furniture Companies's chief executive pay compare to its disclosed peer group?
As disclosed, Steven Burdette's total compensation ranked at the 13th percentile of Haverty Furniture Companies's disclosed peer group.
How did shareholders vote on Haverty Furniture Companies's executive compensation?
As disclosed, 99.53% of shareholders supported Haverty Furniture Companies's executive compensation in the latest say-on-pay vote.
How much does Haverty Furniture Companies spend in total on board compensation for fiscal 2025?
As disclosed, Haverty Furniture Companies reported total board compensation of $1,333,333 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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 RSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 583473–583480
6Section 03, Richard Hare PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
7Section 03, Steven Burdette PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
8Section 03, Clarence H. Smith PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 554955–554962
9Section 03, John Gill RSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 624541–624547
10Section 03, Richard Hare RSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 604010–604017
11Section 03, Steven Burdette PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 579833–579840
12Section 03, John Gill PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 620902–620908
13Section 03, Richard Hare PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 600371–600377
14Section 03, John Gill PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗
15Section 03, Clarence H. Smith PSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 558594–558600
16Section 03, Clarence H. Smith RSUDEF 14A1900-01-010001628280-26-021584Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 562233–562239
17Section 08, G. Thomas HoughDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 302347–302709
18Section 08, Al TrujilloDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 311530–311956
19Section 08, L. Allison DukesDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 170,000. Filing ↗machine: span 297968–298330
20Section 08, Vicki R. PalmerDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 165,000. Filing ↗machine: span 306698–307060
21Section 08, Michael R. CoteDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 165,000. Filing ↗machine: span 296031–296157
22Section 08, Derek G. SchillerDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 160,000. Filing ↗machine: span 309072–309434
23Section 08, Natalie B. MorhousDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 158,333. Filing ↗machine: span 304524–304886
24Section 08, Rawson Haverty JrDEF 14A2026-03-270001628280-26-021584Section “Director Compensation”. As printed: 155,000. Filing ↗machine: span 300145–300507
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)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 03b vehicle mix (computed)Computed——RSU / 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)Computed——Cash 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
36Interface, 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
37Oxford 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
38American 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
39Arhaus 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 ↗
40Ethan Allen Interiors Inc., Section 10b CEO totalDEF 14A2026-09-240001539497-26-002587CEO total compensation as printed in Ethan Allen Interiors Inc.'s own proxy. As printed: 3,253,570. Filing ↗machine: span 744597–744606
41Haverty 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
42Flexsteel Industries, Inc., Section 10b CEO totalDEF 14A2025-10-240001140361-25-039303CEO total compensation as printed in Flexsteel Industries, Inc.'s own proxy. As printed: 2,459,195. Filing ↗machine: r2 · c24 · span 318986–318995
43Section 10a, La-Z-Boy Incorporated reciprocityDEF 14A—0000057131-26-000024La-Z-Boy Incorporated's most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
44Section 10a, Arhaus Inc. reciprocityDEF 14A—0001193125-26-138942Arhaus Inc. names Haverty Furniture Companies in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Oxford Industries, Inc. reciprocityDEF 14A—0000075288-26-000032Oxford Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
46Section 10a, Ethan Allen Interiors Inc. reciprocityDEF 14A—0001539497-26-002587Ethan Allen Interiors Inc. names Haverty Furniture Companies in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Interface, Inc. reciprocityDEF 14A—0001437749-26-010857Interface, Inc.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
48Section 10a, HNI Corporation reciprocityDEF 14A—0001140361-26-011104HNI Corporation's most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗
49Section 10a, American Woodmark Corp. reciprocityDEF 14A—0000794619-25-000063American Woodmark Corp.'s most recent proxy was read; its disclosed peer group does not include Haverty Furniture Companies. Filing ↗