Company: HOVVB
Filing Date: 2025-02-07
Form Type: DEF 14A
Source: 0001140361-25-003579
Chunk: 62

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-07
Form: DEF 14A
Chunk 62
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,174 for Messrs. Ara Hovnanian, O’Connor, Wyatt and Alexander Hovnanian, respectively. (3) “Option Awards” Column. This column reflects the aggregate grant date fair value of stock options awarded in the fiscal year indicated. (4) “Non-Equity Incentive Plan Compensation” Column. This column represents the performance-based annual bonus awards described under “Regular Bonuses” above earned by the NEOs in the fiscal year indicated and the cash portion of the 2020 LTIP awards earned by Messrs. Ara Hovnanian and O’Connor in fiscal 2022. (5) “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column. Represents the portions of the interest on the Company contribution amounts in the EDCP that are above the applicable federal interest rate. (6) “All Other Compensation” Column. This column discloses all other compensation for the fiscal year indicated, including reportable perquisites and other personal benefits. (7) “Total” Column. This column reflects the sum of all the columns of the Summary Compensation Table. 111 In addition to the perquisites and other personal benefits listed below, the NEOs received the following other compensation in fiscal 2024: Fiscal 2024 All Other Compensation Other Than Perquisites (Supplemental Table)

| Name             | Term Life Insurance 
            Premiums | Company Contributions 
    to the Executive’s 
       Retirement Plan 
              (401(k)) |              Company 
 Contributions to the 
   Executive Deferred 
    Compensation Plan 
               (EDCP) |
|                  |                  -$ |                    -$ |               -$) (a |
| Ara K. Hovnanian |               5,087 |                20,700 |              461,234 |
| Brad G. O’Connor |               1,819 |                20,700 |               45,255 |
| Michael P. Wyatt |               3,048 |                15,525 |                    — |
| Alexander A.     
 Hovnanian        |                 898 |                20,700 |                    — |

(a) Reflects Company contributions to the EDCP accounts of the participating NEOs to make them whole for the fact that the 401(k) plan imposes limits on compensation that may be recognized for employer contribution purposes. 112 For fiscal 2024, total perquisites and other personal benefits, and those that exceeded the greater of $25,000 or