May 30, 2024 · Form 4 insider transaction
HOVNANIAN ARA K bought 31,202 shares of HOVNANIAN ENTERPRISES INC at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Vested Performance Share Units convert into Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), on a one-for-one basis. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative, on a one-for-one basis.; The date of the transaction represents the date on which the financial performance criteria of previously granted Performance Share Units were determined to have been satisfied.; Represents the additional number of shares determined to have been earned under the performance share unit award. 31,202 Performance Share Units were previously reported at the time of grant. Earned portion of the performance share unit award vests based on satisfaction of service vesting conditions through June 9, 2026 and will be delivered in shares of Class B Common Stock on the date that is two years following the vesting date, subject to earlier vesting and delivery upon the occurrence of certain qualified termination events.