Hovnanian Alexander A. 4

4 · HOVNANIAN ENTERPRISES INC · Filed Jun 15, 2026

AI-generated summary of this filing

Updated Jun 15, 2026

Hovnanian (HOV) President Alexander A. Hovnanian Receives 8,864 Shares

What Happened

Alexander A. Hovnanian, President of Hovnanian Enterprises (HOV), had 8,864 vested performance share units (PSUs) convert into Class B common stock on June 11, 2026 (conversion reported as derivative exercise). No cash was paid on the conversion (price $0). To cover tax withholding, 4,694 of those shares were surrendered at an indicated value of $120.87 per share for a withholding amount of $567,364. The net result: 4,170 shares were retained from this settlement (4,170 × $120.87 ≈ $504,028).

Key Details

Transaction date: 2026-06-11; Form 4 filed 2026-06-15 (filed timely).
Actions reported: M = exercise/conversion of derivative (PSUs → Class B shares); F = shares withheld to satisfy tax withholding.
Shares converted: 8,864; shares withheld for taxes: 4,694 at $120.87 each (withholding = $567,364); shares retained: 4,170 (approx. $504k at $120.87).
Relevant footnotes: PSUs settled into Class B common stock on a one-for-one basis (F2/F4/F6); Class B shares are immediately convertible one-for-one into Class A shares (F1); PSUs vested earlier (vesting noted June 11, 2024) and were delivered per the plan (F5). Reporting person disclaims beneficial ownership except to extent of pecuniary interest (F7).
Transaction codes: M = conversion/exercise; F = tax withholding. This was a settlement/award event, not an open-market purchase or sale.

Context

This was a typical PSU settlement with shares withheld to cover tax obligations (a routine administrative step), not a voluntary open-market sale or purchase. The conversion required no cash outlay by the insider because PSUs convert to shares at $0 exercise price; tax obligations were satisfied by share withholding.

Form 4

Period: 2026-06-11

President

Transactions

Exercise/Conversion
Class B Common Stock
[F1][F2][F3]
2026-06-11+8,864→ 52,349 total
→ Class A Common Stock (8,864 underlying)
Tax Payment
Class B Common Stock
[F1][F3]
2026-06-11$120.87/sh−4,694$567,364→ 47,655 total
→ Class A Common Stock (4,694 underlying)
Exercise/Conversion
Performance Share Units (2021)
[F4][F2][F5][F6]
2026-06-11−8,864→ 0 total
→ Class A Common Stock (8,864 underlying)

Holdings

Class B Common Stock
[F1][F3][F7]
(indirect: By Trust)
→ Class A Common Stock (82,404 underlying)
82,404

Footnotes (7)

[F1]The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
[F2]Reflects the settlement of vested Performance Share Units into Class B Common Stock on a one-for-one basis.
[F3]No expiration date
[F4]Vested Performanc Share Units convert into Class B Common Stock on a one-for-one basis
[F5]These Performance Share Units vested on June 11, 2024 and were to be delivered in shares of Class B Common Stock on the date that is two years following the vesting date.
[F6]Upon, and to the extent of, vesting of the Performance Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock on a one-for-one basis.
[F7]The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose

Signature

Elizabeth D. Tice Attorney-in-Fact|2026-06-15

1 file