Company: HOVVB
Filing Date: 2025-02-07
Form Type: DEF 14A
Source: 0001140361-25-003579
Chunk: 76

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-07
Form: DEF 14A
Chunk 76
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 |     | 222,000 |     | 119,984 |     | —      |     | —              |     |             — |     |       15,000 |     | 356,984 |
| Vincent Pagano         |     | 174,500 |     | 104,971 |     | —      |     | —              |     |             — |     |       15,000 |     | 294,471 |
| Robin Stone Sellers    |     | 174,500 |     | 104,971 |     | —      |     | —              |     |             — |     |       15,000 |     | 294,471 |
| J. Larry Sorsby        |     | 187,000 |     |  89,958 |     | —      |     | —              |     |        51,727 |     |       15,374 |     | 344,059 |

(1)
“Fees Earned or Paid in Cash” Column. The amounts in this column represent the combined value of the fiscal 2024 annual cash retainers and cash fees relating to meetings. For a full description of the annual retainers, meeting fees and share awards to non-employee Directors, see the discussion preceding this table. (2)
“Stock Awards” Column. The amounts in these columns represent the grant date fair value of RSUs granted in fiscal 2024 computed in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are set forth in footnote (15) to the Company’s audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024. There is a mandatory two-year post-vesting delayed delivery for the RSUs granted in fiscal 2024. RSUs vest on the first anniversary of the date of grant, but if the non-employee Director ceases to be a member of the Board of Directors due to death, disability or qualified retirement, the RSUs, to the extent not previously vested and distributed, would become fully vested and deliverable within 60 days after the delivery date. The delivery date is the date that is the earlier of (1) the second anniversary of the vesting date or (2) the second anniversary of the date of the participant’s qualified termination. “Retirement” is defined as termination of a member of the Board of Directors on or