Hovnanian director exercises options, 1,223 shares withheld
Hovnanian Enterprises director Vincent Pagano Jr exercised stock options to acquire 2,014 shares of Class A Common Stock at an exercise price of $42.50 per share.
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Form Type
4
Rhea-AI Filing Summary
Hovnanian Enterprises director Vincent Pagano Jr exercised stock options to acquire 2,014 shares of Class A Common Stock at an exercise price of $42.50 per share. To cover related tax obligations, 1,223 shares were withheld at $112.895 per share, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 24,948 Class A shares.
Insider Trade Summary
2,014 shares exercised/converted
Exercise
3 txns
Insider
PAGANO VINCENT JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 2,014 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,014 | $42.50 | $86K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,223 | $112.895 | $138K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Class A Common Stock — 24,948 shares (Direct)
Footnotes (4)
- F1. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), that occurred on March 29, 2019.
- F2. Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019
- F3. The option is fully vested
- F4. N/A
Key Figures
Options exercised: 2,014 shares
Exercise price: $42.50 per share
Shares withheld for taxes: 1,223 shares
+3 more
6 metrics
Options exercised
2,014 shares
Stock Option exercise into Class A Common Stock
Exercise price
$42.50 per share
Exercise price of stock option on Class A Common Stock
Shares withheld for taxes
1,223 shares
Tax-withholding disposition at $112.895 per share
Tax withholding price
$112.895 per share
Price used for tax-withholding share disposition
Shares owned after transactions
24,948 shares
Direct holdings of Class A Common Stock following Form 4 activity
Exercised option size
2,014 underlying shares
Underlying security shares for the exercised option
Key Terms
Stock Option (right to buy), Class A Common Stock, tax-withholding disposition, reverse stock split, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
reverse stock split financial
"Adjusted for the Issuer's 1-for-25 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did HOV director Vincent Pagano Jr report on this Form 4?
Vincent Pagano Jr exercised stock options for 2,014 HOV Class A Common shares at $42.50 per share. The filing also shows shares withheld for taxes and reports his updated direct ownership after these transactions.
What type of derivative security did Vincent Pagano Jr exercise at HOV?
He exercised a stock option described as a "Stock Option (right to buy)" on HOV Class A Common Stock. The option was fully vested and allowed purchase of 2,014 underlying shares at a $42.50 per share exercise price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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