Company: HOVVB
Filing Date: 2025-02-07
Form Type: DEF 14A
Source: 0001140361-25-003579
Chunk: 72

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-07
Form: DEF 14A
Chunk 72
---
 |
| 2022 | CEO                |            $16,509,497 |                                                                 -$3,068,492 |                                                                                            $1,725,318 |                                                                       $0 |                                                                                   -$6,433,885 |                                                                             -$2,245,277 |                                                                           $0 |                 $6,487,161 |
|      | Other NEO Average  |             $4,951,393 |                                                                 -$1,006,184 |                                                                                              $539,213 |                                                                       $0 |                                                                                   -$1,962,790 |                                                                               -$967,083 |                                                                           $0 |                 $1,554,549 |
| 2021 | CEO                |            $12,478,182 |                                                                 -$3,330,082 |                                                                                            $2,816,242 |                                                                       $0 |                                                                                   $17,177,723 |                                                                              $9,674,816 |                                                                           $0 |                $38,816,881 |
|      | Other NEO Average  |             $3,891,574 |                                                                   -$986,612 |                                                                                              $832,163 |                                                                       $0 |                                                                                    $4,934,364 |                                                                              $2,383,501 |                                                                           $0 |                $11,054,990 |

(3) Peer Group Total Shareholder Return is calculated based on the Company’s Proxy Statement Peer Group that was disclosed in the Compensation, Discussion and Analysis section of the Company’s Proxy Statement for fiscal 2024, weighted based on the Peer Group’s market capitalization as of October 31, 2020. In fiscal 2024, due to the merger of M.D.C. Holdings, Inc. with Sekisui House, Ltd., the Committee determined to modify the Company’s Peer Group by removing M.D.C. Holdings, Inc. and adding Dream Finders Homes, Inc. Total shareholder return amounts assume an initial investment of $100 on October 31, 2020. Dream Finders Homes, Inc. was not publicly traded at the October 31, 2020 measurement date, and, as such, its total shareholder return was calculated for the respective measurement period based on its first day of trading, January 21, 2021. (4) In accordance with SEC rules, the Company is required to include in the Pay Versus Performance Table the “most important” financial performance measure (as determined by the Company) used to link compensation actually paid to our executive officers to Company performance for the most recently completed fiscal year. The Company determined that Relative E