Haverty Furniture Companies CEO Clarence Smith's 2021 pay jumps 30% to $3.2M
Haverty Furniture Companies reports 2021 executive compensation
By ExecPay News
Published: March 28, 2022
Haverty Furniture Companies reported fiscal year 2021 executive compensation information on March 28, 2022.
In 2021, five executives at Haverty Furniture Companies received on average a compensation package of $1.6M, a 24% increase compared to previous year.
Average pay of disclosed executives at Haverty Furniture Companies
Clarence H. Smith, Chief Executive Officer, received $3.2M in total, which increased by 30% compared to 2020. 35% of Smith's compensation, or $1.1M, was in non-equity incentive plan. Smith also received $202K of change in pension value and nonqualified deferred compensation earnings, $690K in salary, $1.1M in stock awards, as well as $73K in other compensation.
For fiscal year 2021, the median employee pay was $56,028 at Haverty Furniture Companies. Therefore, the ratio of Clarence H. Smith's pay to the median employee pay was 56 to one.
Steven G. Burdette, President, received a compensation package of $1.5M, which increased by 41% compared to previous year. 34% of the compensation package, or $511K, was in stock awards.
Richard B. Hare, Chief Financial Officer, earned $1.2M in 2021, a 22% increase compared to previous year.
J. Edward Clary, Chief Investment Officer, received $1.1M in 2021, which increases by 5% compared to 2020.
John L. Gill, EVP, Merchandising, earned $1.1M in 2021, a 10% increase compared to previous year.
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Source: SEC filing on March 28, 2022.