HOVNANIAN ARA K sold HOV
June 14, 2024 · Form 4 insider transaction
HOVNANIAN ARA K sold 9,000 shares of Hovnanian Enterprises, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Shares of Class B Common Stock received upon vesting are immediately convertible into Class A Common Stock on a one-for-one basis.; On June 14, 2024, 9,000 Market Share Units vested and converted into 18,000 shares of Class B Common Stock pursuant to the terms of the award granted on June 14, 2019 that was subject to additional financial performance criteria that was determined to have been satisfied on October 31, 2021.; The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 14, 2021.; Upon, and to the extent of, vesting of the Market 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.