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

Signature
Elizabeth D. Tice Attorney-in-Fact
Stock symbol
HOV
Transactions as of
Dec 13, 2021
Transactions value $
$0
Form type
4
Date filed
12/15/2021, 03:52 PM
Previous filing
Jun 15, 2021
Next filing
Jan 11, 2022

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 +25.9K $0.00 25.9K Dec 13, 2021 Class A Common Stock 25.9K 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