other material
confidence high
sentiment neutral
materiality 0.35
Haverty Furniture sets 2022 executive compensation, including MIP targets and equity grants
HAVERTY FURNITURE COMPANIES INC
- NEO target payouts range from 60% to 100% of base salary; CEO Smith target is 100%.
- MIP I (80% of target) based on pre-tax earnings; payout ranges from 40% to 175% of target.
- MIP II (remaining 20%) subject to additional criteria approved by NCG Committee.
- Grants: CEO Smith receives 7,973 RSUs and 31,894 PRSUs (EBITDA/Sales).
- Other NEOs: Burdette 4,000 RSUs, 9,333 PRSUs; Hare 3,520 RSUs, 8,213 PRSUs; Clary and Gill each 2,600 RSUs, 6,067 PRSUs.