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Hovnanian Enterprises Executive Compensation (FY25)

HOV · Matawan, NJ · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): April 1, 2026
238 figures on this page: 227 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Ara Hovnanian, Chief Executive Officer and Chairman of the Board, came to $13,654,756 in fiscal 2025, and Hovnanian's total was 3.5% higher than the $13,196,450 reported for fiscal 2024. The company reported a chief executive pay ratio of 86:1 for fiscal 2025, against median employee compensation of $157,927. The say-on-pay proposal drew 92.3% support at the meeting held March 31, 2026 for fiscal 2025. The disclosed peer group names Beazer Homes USA, Inc., Century Communities, Inc., Dream Finders Homes, Inc., KB Home and LGI Homes, Inc., among others.
Chief executive, fiscal 2025
◇
Ara Hovnanian
Latest say-on-pay support
=
March 31, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ara Hovnanian: $13,196,450 → $13,654,756 (3.5% higher)
CEO pay ratio: 113:1 → 86:1 (23.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Hovnanian Enterprises' chief executive and what were they paid?
Total compensation for Ara Hovnanian, Chief Executive Officer and Chairman of the Board, came to $13,654,756 in fiscal 2025. Hovnanian's total was 3.5% higher than the $13,196,450 reported for fiscal 2024.
What was Hovnanian Enterprises' say-on-pay result?
The say-on-pay proposal drew 92.3% support at the meeting held March 31, 2026 for fiscal 2025.
Which companies are in Hovnanian Enterprises' peer group?
The disclosed peer group names Beazer Homes USA, Inc., Century Communities, Inc., Dream Finders Homes, Inc., KB Home and LGI Homes, Inc., among others.
What is Hovnanian Enterprises' chief executive pay ratio?
The company reported a chief executive pay ratio of 86:1 for fiscal 2025, against median employee compensation of $157,927.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ara K. Hovnanian
President, Chief Executive Officer, Chairman of the Board & Director
◇—◇—◇◇◇◇
J. Larry Sorsby
Executive Vice President, Chief Financial Officer & Director
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ara Hovnanian
President, Chief Executive Officer and Chairman of the Board
◇—◇—◇◇◇◇
J. Larry Sorsby
Executive Vice President, Chief Financial Officer
◇—◇—◇◇◇◇
Brad G. O'Connor
Senior Vice President, Chief Accounting Officer and Treasurer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ara Hovnanian
President, Chief Executive Officer and Chairman of the Board
◇—◇—◇◇◇◇
Michael Wyatt
Group President
◇—◇—◇—◇◇
Brad O'Connor
Chief Financial Officer
◇—◇—◇◇◇◇
Alexander Hovnanian
Executive Vice President, National Homebuilding Operations
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alexander Hovnanian
President
◇◇◇—◇◇◇— not reconciled
Ara Hovnanian
Chief Executive Officer and Chairman of the Board
◇—◇—◇◇◇◇
Michael Wyatt
Chief Operating Officer
◇—◇—◇—◇◇
Brad O’Connor
Chief Financial Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Alexander A. HovnanianPSU◇—◇—◇—◇
Alexander A. HovnanianPSU◇◇◇—◇—◇
Alexander A. HovnanianPSU◇◇◇—◇—◇
Ara K. HovnanianPSU◇◇◇—◇—◇
Ara K. HovnanianPSU◇◇◇—◇—◇
Ara K. HovnanianPSU◇◇◇—◇—◇
Ara K. HovnanianPSU◇—◇—◇—◇
Ara K. HovnanianPSU◇◇◇—◇—◇
Ara K. HovnanianPSU◇—◇—◇—◇
Michael P. WyattPSU◇—◇—◇—◇
Michael P. WyattPSU◇◇◇—◇—◇
Michael P. WyattPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ara HovnanianPSU◇◇——
PSU◇◇——
Alexander HovnanianPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Brad O’ConnorPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Michael WyattPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward A. Kangas
◇◇———◇◇
Joseph A. Marengi
◇◇———◇◇
Robert B. Coutts
◇◇———◇◇
Miriam Hernandez-Kakol
◇◇———◇◇
Vincent Pagano Jr
◇◇———◇◇
Robin Stone Sellers
◇◇———◇◇
J. Larry Sorsby
◇◇———◇◇
Ara K. Hovnanian served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Beazer Homes USA, Inc. BZH
  • Century Communities, Inc. CCS
  • Dream Finders Homes, Inc. DFH
  • KB Home KBH
  • LGI Homes, Inc. LGIH
  • M/I Homes, Inc. MHO
  • Meritage Homes Corporation MTH
  • Taylor Morrison Home Corporation TMHC
  • TRI Pointe Group, Inc. TPH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 31, 2026=◇◇◇
2024March 27, 2025=◇◇◇
2023March 21, 2024=◇◇◇
2022March 28, 2023=◇◇◇
2021March 29, 2022=◇◇◇
2020March 30, 2021=◇◇◇
2019March 24, 2020=◇◇◇
2018March 19, 2019=◇◇◇
2017March 13, 2018=◇◇◇
2016March 14, 2017=◇◇◇
2015March 15, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Hovnanian Enterprises disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Hovnanian Enterprises sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
238 figures on this page: 227 cited to the filing that reported them, 11 calculated from figures it prints.
227 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001753926-26-000607
  2. 0001140361-26-004409
    1. SUMMARY COMPENSATION TABLE · 3. OUTSTANDING EQUITY AWARDS AT FISCAL 2025 YEAR-END · CEO Pay Ratio · Grants of Plan-Based Awards in Fiscal 2025 · and 2 more sections
  3. 0001753926-25-000514
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-003579
    1. SUMMARY COMPENSATION TABLE
  5. 0001437749-24-009053
  6. 0001140361-24-005336
    1. SUMMARY COMPENSATION TABLE
  7. 0001437749-23-008254
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-005972
    Summary Compensation Table
  9. 0001437749-22-007566
  10. 0001437749-21-007672
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001437749-20-006110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001437749-19-005318
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001437749-18-004626
  14. 0001437749-17-004708
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001437749-16-027831
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Velarion, “Hovnanian Enterprises executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HOV (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Hovnanian Enterprises discloses

The companies named in HOV's own disclosed peer group.

Beazer Homes USA, Inc.Century Communities, Inc.Dream Finders Homes, Inc.KB HomeLGI Homes, Inc.M/I Homes, Inc.Meritage Homes CorporationTaylor Morrison Home Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy