COUTTS ROBERT B 4

What Happened
Robert B. Coutts, a director of Hovnanian Enterprises, was the recipient of an award/acquisition of 1,078 shares recorded on 2026-06-12. The filing lists the price as $0.00 per share (total value reported $0), indicating the shares were granted rather than bought on the open market. This is a compensation/award transaction (transaction code A), not a sale.

Key Details

• Transaction date: 2026-06-12; Form 4 filed: 2026-06-16 (filed within the standard two business-day window).
• Shares granted/acquired: 1,078; reported price: $0.00; reported total value: $0.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or other footnotes were included in the details provided.

Context
Grants or awards to directors are typically part of compensation packages (e.g., restricted stock or RSUs) and may vest over time; they differ from open-market purchases and do not by themselves indicate the insider is buying additional stock as a personal investment. Retail investors should view this as a routine director compensation event unless the filing specifies immediate sales, vesting conditions, or other notable terms.