Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-17

Hovnanian Enterprises, Inc. (HOV)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$13,654,756
Ara Hovnanian total, FY2025
99th
CEO pay percentile vs peers
86:1
CEO-to-median pay ratio
92.35%
Say-on-pay support, latest vote
Companies that benchmark against HOV
13 companies name HOV as a compensation peer

Each company listed discloses HOV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HOV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ara Hovnanian$1,154,423$0$7,093,554$0$4,885,147$65,409$456,223$13,654,756
Chief Executive Officer and Chairman of the Board
Alexander Hovnanian624,28890,0001,323,99801,165,8101,604118,38313,654,756
President
Michael Wyatt624,3190561,35103,419,317024,3724,629,359
Chief Operating Officer
Brad O’Connor623,07701,323,99801,165,81031,32997,4813,241,695
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ara Hovnanian$13,654,756$13,196,450$9,482,398+458,306
Alexander Hovnanian13,654,7562,693,601+10,961,155
Michael Wyatt4,629,3596,829,001−2,199,642
Brad O’Connor3,241,695

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-03-121,2001 insider, 1 accrual row
Alexander A. HovnanianPresident2026-03-12A1,2004554,300Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-03-12D89410694,541Derivative, Class A CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01D1,223113138,071CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01A2,0144385,595CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01D2,01400Derivative, Class A CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27D2,13000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27A1,28000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27D1,28000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27A2,13000CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22D5,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22D3,603105379,144Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22A5,00057283,750Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27A2,0004385,000CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D2,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27A5,00057283,750Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27D3,494113393,949Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27A1,0004342,500CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D37011542,585CommonForm 4 ↗
Dividend-equivalent accruals2026-05-271,0001 insider, 1 accrual row
J. Larry SorsbyDirector2026-05-27A5,00057283,750CommonForm 4 ↗
J. Larry SorsbyDirector2026-05-27D5,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27D5,00000Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D73911585,055CommonForm 4 ↗
J. Larry SorsbyDirector2026-05-27D3,148116365,797CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01D5,00000Derivative, Class A CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01A5,00057283,750CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01D3,068116355,888CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-03D8,96300Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-03A8,96300Derivative, Class A CommonForm 4 ↗
Joseph A. MarengiDirector2026-06-09D61011469,540CommonForm 4 ↗
Robin Stone SellersDirector2026-06-09D53411460,876CommonForm 4 ↗
Robert B. CouttsDirector2026-06-09D53411460,876CommonForm 4 ↗
Miriam Hernandez-KakolDirector2026-06-09D53411460,876CommonForm 4 ↗
Vincent Pagano JrDirector2026-06-09D53411460,876CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11D4,13600Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11D44,80000Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11D4,694121567,364Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11A8,86400Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11A44,80000Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11D4,13600Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11A4,13600CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11D2,020121244,157CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11D8,86400Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11D16,5761212,003,541Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11A4,13600CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11D2,008121242,707CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-12A4,40000Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-12A4,40000Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-12A3,10600Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-12A3,85200Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-12A5,45600Derivative, Class A CommonForm 4 ↗
Miriam Hernandez-KakolDirector2026-06-12A1,07800CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12A15,27200Derivative, Class A CommonForm 4 ↗
Joseph A. MarengiDirector2026-06-12A1,23200CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12A18,93600Derivative, Class A CommonForm 4 ↗
Robert B. CouttsDirector2026-06-12A1,07800CommonForm 4 ↗
Robin Stone SellersDirector2026-06-12A1,07800CommonForm 4 ↗
Vincent Pagano JrDirector2026-06-12A1,07800CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-12A92400CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12D17,5751212,121,654Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-12A5,45600Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-22D12,8801261,620,107CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-25D1,032.08143147,143CommonForm 4 ↗
Ara K. HovnanianDirector2026-07-15A12,59500CommonForm 4 ↗
Ara K. HovnanianDirector2026-07-15D12,59500Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 66 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Alexander A. HovnanianPresident2026-03-12D1,200$0$0Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-03-12A1,2004554,300Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-03-12D89410694,541Derivative, Class A CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01D1,223113138,071CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01A2,0144385,595CommonForm 4 ↗
Vincent Pagano JrDirector2026-04-01D2,01400Derivative, Class A CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27D2,13000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27A1,28000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27D1,28000CommonForm 4 ↗
J. Larry SorsbyDirector2026-04-27A2,13000CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22D5,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22D3,603105379,144Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-22A5,00057283,750Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27A2,0004385,000CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D2,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27A5,00057283,750Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27D3,494113393,949Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27A1,0004342,500CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D37011542,585CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D1,00000Derivative, Class A CommonForm 4 ↗
J. Larry SorsbyDirector2026-05-27A5,00057283,750CommonForm 4 ↗
J. Larry SorsbyDirector2026-05-27D5,00000Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-05-27D5,00000Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-05-27D73911585,055CommonForm 4 ↗
J. Larry SorsbyDirector2026-05-27D3,148116365,797CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01D5,00000Derivative, Class A CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01A5,00057283,750CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-01D3,068116355,888CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-03D8,96300Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-03A8,96300Derivative, Class A CommonForm 4 ↗
Joseph A. MarengiDirector2026-06-09D61011469,540CommonForm 4 ↗
Robin Stone SellersDirector2026-06-09D53411460,876CommonForm 4 ↗
Robert B. CouttsDirector2026-06-09D53411460,876CommonForm 4 ↗
Miriam Hernandez-KakolDirector2026-06-09D53411460,876CommonForm 4 ↗
Vincent Pagano JrDirector2026-06-09D53411460,876CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11D4,13600Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11D44,80000Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11D4,694121567,364Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11A8,86400Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11A44,80000Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11D4,13600Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11A4,13600CommonForm 4 ↗
Brad O’ConnorCFO2026-06-11D2,020121244,157CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-11D8,86400Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-11D16,5761212,003,541Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11A4,13600CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-11D2,008121242,707CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-12A4,40000Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-12A4,40000Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-12A3,10600Derivative, Class A CommonForm 4 ↗
Brad O’ConnorCFO2026-06-12A3,85200Derivative, Class A CommonForm 4 ↗
Alexander A. HovnanianPresident2026-06-12A5,45600Derivative, Class A CommonForm 4 ↗
Miriam Hernandez-KakolDirector2026-06-12A1,07800CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12A15,27200Derivative, Class A CommonForm 4 ↗
Joseph A. MarengiDirector2026-06-12A1,23200CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12A18,93600Derivative, Class A CommonForm 4 ↗
Robert B. CouttsDirector2026-06-12A1,07800CommonForm 4 ↗
Robin Stone SellersDirector2026-06-12A1,07800CommonForm 4 ↗
Vincent Pagano JrDirector2026-06-12A1,07800CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-12A92400CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-12D17,5751212,121,654Derivative, Class A CommonForm 4 ↗
Michael WyattChief Operating Officer2026-06-12A5,45600Derivative, Class A CommonForm 4 ↗
Ara K. HovnanianDirector2026-06-22D12,8801261,620,107CommonForm 4 ↗
J. Larry SorsbyDirector2026-06-25D1,032.08143147,143CommonForm 4 ↗
Ara K. HovnanianDirector2026-07-15A12,59500CommonForm 4 ↗
Ara K. HovnanianDirector2026-07-15D12,59500Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ara K. HovnanianPSU2025-06-136,81913,63727,274$1,270,287
Alexander A. HovnanianPSU2024-12-124,64411,610623,968
Ara K. HovnanianPSU2025-06-131,1612,3224,644174,986
Michael WyattPSU2025-06-1318837675235,024
Alexander A. HovnanianPSU2025-06-139401,8793,758175,029
Ara K. HovnanianPSU2024-12-124,64411,610623,968
Ara K. HovnanianPSU2025-06-139401,8793,758175,029
Ara K. HovnanianPSU2024-12-1214,97837,4452,012,444
Michael WyattPSU2025-06-1323346593035,042
Alexander A. HovnanianPSU2025-06-131,1612,3224,644174,986
Michael WyattPSU2024-12-123,1357,838421,219
Ara K. HovnanianPSU2025-06-138,42816,85633,7121,270,268
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ara K. Hovnanian$0$5,526,982$0100.0%
Alexander A. Hovnanian0973,9830100.0%
Michael Wyatt0491,2850100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael WyattPSU1,922$231,082
HovnanianPSU1,161139,587
Michael WyattPSU18822,603
HovnanianPSU8,4281,013,298
HovnanianPSU6,174742,300
Brad O’ConnorPSU2,882346,503
Michael WyattPSU1,176141,390
Michael WyattPSU23328,014
Brad O’ConnorPSU940113,016
Brad O’ConnorPSU4,616554,982
Brad O’ConnorPSU1,161139,587
HovnanianPSU940113,016
HovnanianPSU4,616554,982
HovnanianPSU6,819819,848
05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee has weighted the Company's variable compensation programs toward rigorous performance conditions with metrics such as pretax profit, liquidity, shareholder value preservation, debt reduction, alternative capital raises, EBIT Return on Investment, gross margin and new communities opened.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policyTrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-319,928,102822,15844,28992.35%Passed
20252025-03-279,730,963451,18724,46895.57%Passed
20242024-03-219,683,039438,28312,71595.67%Passed
20232023-03-288,925,527209,162138,58297.71%Passed
20222022-03-299,186,802232,19716,83697.53%Passed
20212021-03-306,498,6801,055,98515,12285.85%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-03-3192.35%a
20252025-03-2795.57%b
20242024-03-2195.67%c

a. Approved under the standard stated in the filing — “In determining whether the proposal has received the requisite number of affirmative votes, abstentions and broker non-votes will have no impact on such matter because such shares are not considered votes cast.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote for proposals one and three because such shares are not considered votes cast.”.

c. Approved under the standard stated in the filing — “In determining whether the proposal has received the requisite number of affirmative votes, abstentions and broker non-votes will have no impact on such matter because such shares are not considered votes cast.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)86 : 1
CEO total compensation$13,654,756
Median employee compensation$157,927
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Edward A. KangasIndependent · Compensation$271,500$119,973$0$0$15,000$406,473
Joseph A. MarengiIndependent · Compensation (Chair)223,500119,9730015,000358,473
Robert B. CouttsIndependent · Compensation181,000104,9760015,000300,976
Miriam Hernandez-KakolIndependent · Compensation176,500104,9760015,000296,476
Robin Stone SellersIndependent · Audit · Corporate Governance and Nominating · Cybersecurity Subcommittee (Chair)176,000104,9760015,000295,976
Vincent Pagano JrIndependent · Corporate Governance and Nominating (Chair) · Audit176,000104,9760015,000295,976
J. Larry SorsbyIndependent · Strategy173,50089,9800015,000278,480
Ara K. HovnanianEmployee director · Board Chair · Strategy (Chair)00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,378,000
Equity awards (grant-date value)$749,830
All other compensation$105,000
Total cost of the board$2,232,830

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Hovnanian Enterprises, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Hovnanian Enterprises, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Hovnanian Enterprises, Inc.2025Ara Hovnanian$1,154,423$7,093,554$0$4,885,147$13,654,756
2Dream Finders Homes, Inc.2025Patrick Zalupski1,276,9234,836,76303,746,00010,227,930
3Taylor Morrison Home Corporation2025Sheryl Palmer1,075,0005,599,9571,399,9871,548,00010,075,397
4M/I Homes, Inc.2025Robert Schottenstein1,100,0004,945,34303,506,2509,914,773
5TRI Pointe Group, Inc.2025Douglas Bauer1,000,0005,999,98101,635,0008,677,081
6Century Communities, Inc.2025Robert J. Francescon1,000,0004,622,11902,784,0038,510,773
7Meritage Homes Corporation2025Phillippe Lord1,000,0005,697,08501,352,0008,114,286
8KB Home2025Robert McGibney912,5003,499,97502,826,8397,311,553
9Beazer Homes USA, Inc.2025Allan Merrill1,064,5253,278,49201,211,2806,367,213
10LGI Homes, Inc.2025Eric Lipar975,0004,143,842005,182,051

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Hovnanian Enterprises, Inc.not disclosednot disclosedNoFW Cook
Beazer Homes USA, Inc.not disclosedPSU 40 · Cash LTI 30 · RSU 30NoPearl Meyer
Century Communities, Inc.94%PSU 100NoWealthPoint
Dream Finders Homes, Inc.67%RSU 100not disclosedCompensation Advisory Partners (CAP)
KB Homenot disclosedPSU 100NoFW Cook
LGI Homes, Inc.not disclosedPSU 80 · RSU 20NoMeridian Compensation Partners LLC
M/I Homes, Inc.94%not disclosedNoWillis Towers Watson (WTW)
Meritage Homes Corporation41.6%PSU 50 · RSU 50NoPearl Meyer
Taylor Morrison Home Corporation183%PSU 40 · RSU 40 · Options 20NoSemler Brossy Consulting Group, LLC
TRI Pointe Group, Inc.65.4%PSU 60 · RSU 40NoExequity

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Hovnanian Enterprises, Inc. in fiscal 2025?
As disclosed, the highest-paid executive was Ara Hovnanian, who served as Chief Executive Officer and Chairman of the Board with total compensation of $13,654,756.
How does Hovnanian Enterprises, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows the CEO's pay falls within the 99th percentile of the disclosed peer group.
What is Hovnanian Enterprises, Inc.'s CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 86:1.
How did shareholders vote on Hovnanian Enterprises, Inc.'s executive compensation?
Shareholders voted in favor of the executive compensation plan with 92.35% support.
How much does Hovnanian Enterprises, Inc. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $2,232,830.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ara HovnanianDEF 14A2026-02-090001140361-26-004409Section “1. SUMMARY COMPENSATION TABLE”. As printed: 13,654,756. Filing ↗machine: r4 · c9 · span 793663–793673
2Section 01, Alexander HovnanianDEF 14A2026-02-090001140361-26-004409Section “1. SUMMARY COMPENSATION TABLE”. As printed: 13,654,756. Filing ↗machine: r4 · c9 · span 821744–821753
3Section 01, Michael WyattDEF 14A2026-02-090001140361-26-004409Section “1. SUMMARY COMPENSATION TABLE”. As printed: 4,629,359. Filing ↗machine: r12 · c9 · span 814328–814337
4Section 01, Brad O’ConnorDEF 14A2026-02-090001140361-26-004409Section “1. SUMMARY COMPENSATION TABLE”. As printed: 3,241,695. Filing ↗machine: r8 · c9 · span 803938–803947
5Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r9 · c7 · span 879907–879913
6Section 03, Alexander A. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r27 · c7 · span 919898–919903
7Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r28 · c9 · span 922467–922474
8Section 03, Michael Wyatt PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r23 · c7 · span 910884–910887
9Section 03, Alexander A. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r30 · c7 · span 926529–926534
10Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r27 · c9 · span 920285–920292
11Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r30 · c9 · span 926957–926964
12Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r6 · c7 · span 873278–873284
13Section 03, Michael Wyatt PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r21 · c7 · span 906490–906493
14Section 03, Alexander A. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r28 · c7 · span 922081–922086
15Section 03, Michael Wyatt PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r20 · c7 · span 904274–904279
16Section 03, Ara K. Hovnanian PSUDEF 14A2026-02-090001140361-26-004409Section “Grants of Plan-Based Awards in Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t80 · r7 · c7 · span 875491–875497
17Section 07, pay ratioDEF 14A2026-02-090001140361-26-004409Section “CEO Pay Ratio”. As printed: 86 : 1. Filing ↗machine: span 1286668–1286675
18Section 08, Edward A. KangasDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 406,473. Filing ↗machine: t94 · r7 · c7 · span 1393624–1393631
19Section 08, Joseph A. MarengiDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 358,473. Filing ↗machine: t94 · r8 · c7 · span 1394941–1394948
20Section 08, Robert B. CouttsDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 300,976. Filing ↗machine: t94 · r5 · c7 · span 1390975–1390982
21Section 08, Miriam Hernandez-KakolDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 296,476. Filing ↗machine: t94 · r6 · c7 · span 1392297–1392304
22Section 08, Robin Stone SellersDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 295,976. Filing ↗machine: t94 · r10 · c7 · span 1397585–1397592
23Section 08, Vincent Pagano JrDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 295,976. Filing ↗machine: r9 · c7 · span 1396266–1396273
24Section 08, J. Larry SorsbyDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 278,480. Filing ↗machine: t94 · r11 · c7 · span 1398910–1398917
25Section 08, Ara K. HovnanianDEF 14A2026-02-090001140361-26-004409Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Alexander A. Hovnanian 2026-03-12Form 42026-03-130001225208-26-003655Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Alexander A. Hovnanian 2026-03-12Form 42026-03-130001225208-26-003655Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Alexander A. Hovnanian 2026-03-12Form 42026-03-130001225208-26-003655Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Vincent Pagano Jr 2026-04-01Form 42026-04-030001225208-26-004359Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Vincent Pagano Jr 2026-04-01Form 42026-04-030001225208-26-004359Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Vincent Pagano Jr 2026-04-01Form 42026-04-030001225208-26-004359Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, J. Larry Sorsby 2026-04-27Form 42026-04-290001225208-26-004701Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, J. Larry Sorsby 2026-04-27Form 42026-04-290001225208-26-004701Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, J. Larry Sorsby 2026-04-27Form 42026-04-290001225208-26-004701Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, J. Larry Sorsby 2026-04-27Form 42026-04-290001225208-26-004701Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Ara K. Hovnanian 2026-05-22Form 42026-05-270001225208-26-005605Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Ara K. Hovnanian 2026-05-22Form 42026-05-270001225208-26-005605Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Ara K. Hovnanian 2026-05-22Form 42026-05-270001225208-26-005605Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Ara K. Hovnanian 2026-05-27Form 42026-05-290001225208-26-005649Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Ara K. Hovnanian 2026-05-27Form 42026-05-290001225208-26-005649Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, J. Larry Sorsby 2026-05-27Form 42026-05-290001225208-26-005650Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, J. Larry Sorsby 2026-05-27Form 42026-05-290001225208-26-005650Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Ara K. Hovnanian 2026-05-27Form 42026-05-290001225208-26-005649Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Brad O’Connor 2026-05-27Form 42026-05-290001225208-26-005651Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, J. Larry Sorsby 2026-05-27Form 42026-05-290001225208-26-005650Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, J. Larry Sorsby 2026-06-01Form 42026-06-030001225208-26-005766Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, J. Larry Sorsby 2026-06-01Form 42026-06-030001225208-26-005766Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, J. Larry Sorsby 2026-06-01Form 42026-06-030001225208-26-005766Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Ara K. Hovnanian 2026-06-03Form 42026-06-050001225208-26-005851Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Alexander A. Hovnanian 2026-06-03Form 42026-06-050001225208-26-005852Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Joseph A. Marengi 2026-06-09Form 42026-06-110001225208-26-005920Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Robin Stone Sellers 2026-06-09Form 42026-06-110001225208-26-005922Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Robert B. Coutts 2026-06-09Form 42026-06-110001225208-26-005918Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Miriam Hernandez-Kakol 2026-06-09Form 42026-06-110001225208-26-005919Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Vincent Pagano Jr 2026-06-09Form 42026-06-110001225208-26-005921Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Brad O’Connor 2026-06-11Form 42026-06-150001225208-26-006052Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Ara K. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006050Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Alexander A. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006051Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Alexander A. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006051Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Ara K. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006050Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Michael Wyatt 2026-06-11Form 42026-06-150001225208-26-006053Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Brad O’Connor 2026-06-11Form 42026-06-150001225208-26-006052Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Brad O’Connor 2026-06-11Form 42026-06-150001225208-26-006052Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Alexander A. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006051Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Ara K. Hovnanian 2026-06-11Form 42026-06-150001225208-26-006050Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Michael Wyatt 2026-06-11Form 42026-06-150001225208-26-006053Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Michael Wyatt 2026-06-11Form 42026-06-150001225208-26-006053Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Michael Wyatt 2026-06-12Form 42026-06-160001225208-26-006090Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Alexander A. Hovnanian 2026-06-12Form 42026-06-160001225208-26-006088Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Brad O’Connor 2026-06-12Form 42026-06-160001225208-26-006089Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Brad O’Connor 2026-06-12Form 42026-06-160001225208-26-006089Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Alexander A. Hovnanian 2026-06-12Form 42026-06-160001225208-26-006088Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Miriam Hernandez-Kakol 2026-06-12Form 42026-06-160001225208-26-006092Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Ara K. Hovnanian 2026-06-12Form 42026-06-160001225208-26-006087Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Joseph A. Marengi 2026-06-12Form 42026-06-160001225208-26-006093Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Ara K. Hovnanian 2026-06-12Form 42026-06-160001225208-26-006087Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Robert B. Coutts 2026-06-12Form 42026-06-160001225208-26-006091Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Robin Stone Sellers 2026-06-12Form 42026-06-160001225208-26-006095Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Vincent Pagano Jr 2026-06-12Form 42026-06-160001225208-26-006094Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, J. Larry Sorsby 2026-06-12Form 42026-06-160001225208-26-006096Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Ara K. Hovnanian 2026-06-12Form 42026-06-160001225208-26-006087Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Michael Wyatt 2026-06-12Form 42026-06-160001225208-26-006090Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Ara K. Hovnanian 2026-06-22Form 42026-06-240001225208-26-006151Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, J. Larry Sorsby 2026-06-25Form 42026-06-260001225208-26-006206Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Ara K. Hovnanian 2026-07-15Form 42026-07-170001225208-26-006649Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Ara K. Hovnanian 2026-07-15Form 42026-07-170001225208-26-006649Insider equity transaction reported since the proxy statement. Filing ↗
92Section 06, 2026 voteForm 8-K2026-04-010001753926-26-000607Item 5.07 · say-on-pay result. As reported: 92.35% (votes for as printed: 9,928,102). Filing ↗
93Section 06, 2025 voteForm 8-K2025-03-280001753926-25-000514Item 5.07 · say-on-pay result. As reported: 95.57% (votes for as printed: 9,730,963). Filing ↗
94Section 06, 2024 voteForm 8-K2024-03-220001437749-24-009053Item 5.07 · say-on-pay result. As reported: 95.67% (votes for as printed: 9,683,039). Filing ↗
95Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
96Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
97Section 09b board cost (computed)ComputedcomputedCash 1,378,000 + equity 749,830 + all other 105,000 = 2,232,830, summed across the director compensation table rows.machine: formula: Σ = 2,232,830
98Hovnanian Enterprises, Inc. (subject), Section 10b CEO totalDEF 14A2026-02-090001140361-26-004409CEO total compensation as printed in Hovnanian Enterprises, Inc.'s own proxy. As printed: 13,654,756. Filing ↗machine: r4 · c9 · span 793663–793673
99Dream Finders Homes, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025557CEO total compensation as printed in Dream Finders Homes, Inc.'s own proxy. As printed: 10,227,930. Filing ↗machine: r2 · c42 · span 850530–850540
100Taylor Morrison Home Corporation, Section 10b CEO totalDEF 14A2026-04-100001140361-26-014261CEO total compensation as printed in Taylor Morrison Home Corporation's own proxy. As printed: 10,075,397. Filing ↗machine: t176 · r2 · c27 · span 1133718–1133728
101M/I Homes, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-150356CEO total compensation as printed in M/I Homes, Inc.'s own proxy. As printed: 9,914,773. Filing ↗machine: t145 · r2 · c31 · span 415984–415993
102TRI Pointe Group, Inc., Section 10b CEO totalDEF 14A2026-03-060001561680-26-000013CEO total compensation as printed in TRI Pointe Group, Inc.'s own proxy. As printed: 8,677,081. Filing ↗machine: r2 · c48 · span 551025–551034
103Century Communities, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011011CEO total compensation as printed in Century Communities, Inc.'s own proxy. As printed: 8,510,773. Filing ↗machine: t194 · r4 · c14 · span 1089521–1089530
104Meritage Homes Corporation, Section 10b CEO totalDEF 14A2026-04-070000833079-26-000098CEO total compensation as printed in Meritage Homes Corporation's own proxy. As printed: 8,114,286. Filing ↗machine: t119 · r2 · c19 · span 828485–828494
105KB Home, Section 10b CEO totalDEF 14A2026-03-130001308179-26-000068CEO total compensation as printed in KB Home's own proxy. As printed: 7,311,553. Filing ↗machine: t157 · r7 · c14 · span 1740061–1740070
106Beazer Homes USA, Inc., Section 10b CEO totalDEF 14A2025-12-220000915840-25-000095CEO total compensation as printed in Beazer Homes USA, Inc.'s own proxy. As printed: 6,367,213. Filing ↗machine: r2 · c24 · span 1008801–1008810
107LGI Homes, Inc., Section 10b CEO totalDEF 14A2026-03-130001580670-26-000030CEO total compensation as printed in LGI Homes, Inc.'s own proxy. As printed: 5,182,051. Filing ↗machine: span 563461–563470
108Section 10a, KB Home reciprocityDEF 14A0001308179-26-000068KB Home names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
109Section 10a, TRI Pointe Group, Inc. reciprocityDEF 14A0001561680-26-000013TRI Pointe Group, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, Beazer Homes USA, Inc. reciprocityDEF 14A0000915840-25-000095Beazer Homes USA, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
111Section 10a, LGI Homes, Inc. reciprocityDEF 14A0001580670-26-000030LGI Homes, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, Taylor Morrison Home Corporation reciprocityDEF 14A0001140361-26-014261Taylor Morrison Home Corporation names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, M/I Homes, Inc. reciprocityDEF 14A0001193125-26-150356M/I Homes, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
114Section 10a, Century Communities, Inc. reciprocityDEF 14A0001140361-26-011011Century Communities, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
115Section 10a, Meritage Homes Corporation reciprocityDEF 14A0000833079-26-000098Meritage Homes Corporation names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
116Section 10a, Dream Finders Homes, Inc. reciprocityDEF 14A0001628280-26-025557Dream Finders Homes, Inc. names Hovnanian Enterprises, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗