COUTTS ROBERT B 4
4 · HOVNANIAN ENTERPRISES INC · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Hovnanian (HOV) Director Robert B. Coutts Withholds 534 Shares
What Happened
- Robert B. Coutts, a director of Hovnanian Enterprises, had 534 shares of Class A Common Stock disposed to the issuer on June 9, 2026 to satisfy tax withholding related to vested restricted stock units. The withholding was reported at $114.00 per share, for a total value of $60,876.
- This was not an open-market sale but a routine tax-withholding disposition following RSU vesting.
Key Details
- Transaction date and price: June 9, 2026 at $114.00 per share.
- Shares involved: 534 shares withheld; total value reported $60,876.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: Withholding was approved by the issuer’s board under Rule 16b-3 (tax withholding for vested RSUs).
- Filing timeliness: Form 4 filed June 11, 2026 (timely filing under Section 16 rules).
Context
- Tax-withholding dispositions are common when restricted stock units vest and do not necessarily indicate a change in the insider’s view of the company. This is a disposition-to-issuer (withholding) rather than an open-market sale.
Insider Transaction Report
Form 4
COUTTS ROBERT B
Director
Transactions
- Disposition to Issuer
Class A Common Stock
[F1]2026-06-09$114.00/sh−534$60,876→ 37,340 total
Footnotes (1)
- [F1]Reflects the withholding of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), for cash to cover the Reporting Person's estimated tax liability in connection with the distribution of shares of Class A Common Stock related to vested restricted stock units. The withholding of shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
Signature
Elizabeth D. Tice Attorney-in-Fact|2026-06-11