Hovnanian Enterprises (HOV) CEO details 53,908-share LTIP and family trust holdings
Rhea-AI Filing Summary
Hovnanian Enterprises CEO Ara K. Hovnanian, who is a director, chairman of the board, and 10% owner of Hovnanian Enterprises Inc. (HOV), reported an equity incentive transaction involving the company’s stock. On 12/16/2025, financial performance criteria for a previously granted long‑term incentive plan (LTIP) award were determined to have been satisfied.
The LTIP award relates to 53,908 shares of Class A Common Stock, with a conversion or exercise price of $0.0000, and vested on 10/31/2025, with shares to be delivered two years after that vesting date. The report shows 332,722 derivative securities beneficially owned directly following this transaction, and extensive additional indirect holdings of Class A Common Stock through family trusts and a partnership, many of which the reporting person expressly disclaims beneficial ownership beyond any potential pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 53,908 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") The date of the transaction represents the date on which the financial performance criteria of a previously granted long-term incentive plan ("LTIP") award were determined to have been satisfied The LTIP award vested on October 31, 2025 and such shares shall be delivered two years after the vesting date. No expiration date Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC") The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC Held by The Ara K. Hovnanian Family 1994 Long-Term Trust, of which the reporting person is trustee Held by The Esther K. Barry Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest Held by The Lucy K. Kalian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest Held by The Nadia K. Rodriguez Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest Held by The Sossie K. Najarian Family 1994 Long-Term Trust, of which the reporting person is a trustee and has a potential remainder interest
FAQ
What insider transaction did Hovnanian Enterprises (HOV) report for its CEO?
The report shows that Ara K. Hovnanian, Hovnanian Enterprises’ chairman, CEO, director, and 10% owner, had performance criteria satisfied for a previously granted long‑term incentive plan (LTIP) award tied to the company’s Class A Common Stock.
When were the performance criteria and vesting date for the HOV LTIP award determined?
The report states that the financial performance criteria for the LTIP award were determined to have been satisfied on 12/16/2025. It also notes that the award vested on October 31, 2025, and the related shares are to be delivered two years after that vesting date.
What is Ara K. Hovnanian’s beneficial ownership position after this transaction?
The filing shows 332,722 derivative securities beneficially owned directly following the reported transaction, along with numerous additional indirect holdings of Class A Common Stock through family trusts, long‑term trusts, and a partnership. For many of these indirect positions, he disclaims beneficial ownership except to the extent of any potential pecuniary interest.
What types of indirect holdings of HOV stock are disclosed for Ara K. Hovnanian?
The report lists indirect holdings of Class A Common Stock held as trustee for children, multiple 1994 long‑term family trusts, the Ara K. Hovnanian 2012 Trust, the Hovnanian Family 2012 LLC, and other family trusts for relatives such as Esther K. Barry, Lucy K. Kalian, Nadia K. Rodriguez, Sossie K. Najarian, and Kevork S. Hovnanian.