Brad G. O'Connor - 13 Dec 2021 Form 4 Insider Report for HOVNANIAN ENTERPRISES INC (HOV)

Role
SVP, CAO and Treasurer
Signature
Elizabeth D. Tice Attorney-in-Fact
Issuer symbol
HOV
Transactions as of
13 Dec 2021
Net transactions value
$0
Form type
4
Filing time
15 Dec 2021, 15:52:33 UTC
Previous filing
15 Jun 2021
Next filing
11 Jan 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HOV Phantom Shares Award $0 +25,863 $0.000000 25,863 13 Dec 2021 Class A Common Stock 25,863 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the 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, which LTIP award is payable partly in these phantom shares.
F2 Following vesting, each phantom share will be paid in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable award agreement.
F3 Represents the number of shares determined to have been earned for the share portion of the LTIP.
F4 The share portion of the LTIP award vests as follows: (a) 13,738 shares are vested, (b) 6,064 shares vest on October 31, 2022, and (c) 6,062 shares vest on October 31, 2023 and settle in cash in the January following vesting.

Remarks:

bradoconnorpoa08252021.txt