PAGANO VINCENT JR 4
Research Summary
AI-generated summary
Hovnanian (HOV) Director Vincent Pagano Jr Sells 534 Shares
What Happened
Vincent Pagano Jr, a director of Hovnanian Enterprises, disposed of 534 shares on June 9, 2026 at $114.00 per share, resulting in $60,876. The filing indicates the disposition was a withholding by the issuer to cover the reporting person’s estimated tax liability related to vested restricted stock units (RSUs), not an open‑market sale.
Key Details
- Transaction date: 2026-06-09; Price: $114.00; Total value: $60,876.
- Transaction type: Disposition to issuer (withholding to cover taxes) related to vested RSUs (see footnote F1).
- Footnote F1: Withholding of Class A common shares to cover estimated tax liability; withholding approved by the issuer’s board under Rule 16b-3.
- Shares owned after transaction: Not specified in the filing.
- Filing date: 2026-06-11 — filed within the typical two-business-day window (timely).
Context
This was a tax-withholding disposition tied to RSU vesting (common and administrative). Such withholdings are routine and do not necessarily reflect the insider’s view of the company’s stock.