Key facts
- This page summarizes Ara K. Hovnanian's Form 4 filing for HOVNANIAN ENTERPRISES INC (HOV).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 30 May 2025, 12:53.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Additional SEC filing notes
Footnote F1
Vested Performance Share Units convert into Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), on a one-for-one basis. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative, on a one-for-one basis.
Footnote F2
The date of the transaction represents the date on which the financial performance criteria of previously granted Performance Share Units were determined to have been satisfied.
Footnote F3
Represents the additional number of shares determined to have been earned under the performance share unit award. 19,086 Performance Share Units were previously reported at the time of grant. Earned portion of the performance share unit award vests based on satisfaction of service vesting conditions through June 14, 2027 and will be delivered in shares of Class B Common Stock on the date that is two years following the vesting date, subject to earlier vesting and delivery upon the occurrence of certain qualified termination events.
SEC remarks
arakhovnanian01282025.txt