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.