Real Estate

Hovnanian Enterprises Executive Compensation (FY25)

Name: Hovnanian Enterprises (HOV) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

HOV · Matawan, NJ · Executive and director compensation, fiscal 2022 to 2025

Latest say-on-pay support

March 31, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of October 22, 2026Latest filing (8-K): April 1, 2026

15 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

Hovnanian Enterprises brief$1,500Get the executive brief

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277 figures on this page: 266 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Ara K. Hovnanian President, Chief Executive Officer, Chairman of the Board & Director	◇	—	◇	—	◇	◇	◇	◇
J. Larry Sorsby Executive Vice President, Chief Financial Officer & Director	◇	—	◇	—	◇	◇	◇	◇
Brad O'Connor Senior Vice President, Chief Accounting Officer and Treasurer	◇	—	◇	—	◇	◇	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Ara Hovnanian President, Chief Executive Officer, Chairman of the Board & Director	◇	—	◇	—	◇	◇	◇	◇
J. Larry Sorsby Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	◇	◇	◇
Brad G. O'Connor Senior Vice President, Chief Accounting Officer and Treasurer	◇	◇	◇	◇	—	◇	◇	— not reconciled

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Ara Hovnanian President, Chief Executive Officer, Chairman of the Board & Director	◇	—	◇	—	◇	◇	◇	◇
Michael Wyatt Group President	◇	—	◇	—	◇	—	◇	◇
Brad O'Connor Senior Vice President, Chief Accounting Officer and Treasurer	◇	—	◇	—	◇	◇	◇	◇
Alexander Hovnanian Executive Vice President, National Homebuilding Operations	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Ara Hovnanian President, Chief Executive Officer, Chairman of the Board & Director	◇	—	◇	—	◇	◇	◇	◇
Michael Wyatt Group President	◇	—	◇	—	◇	—	◇	◇
Alexander Hovnanian President	◇	—	◇	—	◇	◇	◇	— not reconciled
Brad O'Connor Senior Vice President, Chief Accounting Officer and Treasurer	◇	—	◇	—	◇	◇	◇	◇

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

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Alexander A. Hovnanian	PSU	◇	—	◇	—	◇	—	◇
Alexander A. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Alexander A. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	—	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	—	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Ara K. Hovnanian	PSU	◇	◇	◇	—	◇	—	◇
Brad G. O’Connor	PSU	◇	◇	◇	—	◇	—	◇
Brad G. O’Connor	PSU	◇	◇	◇	—	◇	—	◇
Brad G. O’Connor	PSU	◇	◇	◇	—	◇	—	◇
Brad G. O’Connor	PSU	◇	◇	◇	—	◇	—	◇
Brad G. O’Connor	PSU	◇	◇	◇	—	◇	—	◇
Michael P. Wyatt	PSU	◇	◇	◇	—	◇	—	◇
Michael P. Wyatt	PSU	◇	◇	◇	—	◇	—	◇
Michael P. Wyatt	PSU	◇	◇	◇	—	◇	—	◇

Fiscal 2022, 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

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Alexander Hovnanian	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Ara Hovnanian	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Michael Wyatt	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Brad O’Connor	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Brad O'Connor

Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Excise tax treatment	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Edward A. Kangas Lead independent director	◇	◇	—	—	—	◇	◇
Joseph A. Marengi	◇	◇	—	—	—	◇	◇
Robert B. Coutts	◇	◇	—	—	—	◇	◇
Miriam Hernandez-Kakol	◇	◇	—	—	—	◇	◇
Robin Stone Sellers	◇	◇	—	—	—	◇	◇
Vincent Pagano Jr	◇	◇	—	—	—	◇	◇
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	◇
Lead independent director premium	◇
Audit committee member	◇
Compensation committee member	◇
Nominating and governance member	◇
Board meeting fee	◇
Committee meeting fee	◇

Equity is delivered as restricted stock units.

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.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	March 31, 2026	=	◇	◇	◇
2024	March 27, 2025	=	◇	◇	◇
2023	March 21, 2024	=	◇	◇	◇
2022	March 28, 2023	=	◇	◇	◇
2021	March 29, 2022	=	◇	◇	◇
2020	March 30, 2021	=	◇	◇	◇
2019	March 24, 2020	=	◇	◇	◇
2018	March 19, 2019	=	◇	◇	◇
2017	March 13, 2018	=	◇	◇	◇
2016	March 14, 2017	=	◇	◇	◇
2015	March 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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Sample answer — “What is the CEO’s total compensation?”

- Ara Hovnanian (President, Chief Executive Officer, Chairman of the Board & Director), FY2025 total compensation $13,654,756 (base salary $1,154,423) [exec_comp, SEC accession 0001140361-26-004409, filed 2026-02-09]

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 — $499

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.

277 figures on this page: 266 cited to the filing that reported them, 11 calculated from figures it prints.

266 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed April 1, 2026
0001753926-26-000607
DEF 14A, filed February 9, 2026
0001140361-26-004409
1. SUMMARY COMPENSATION TABLE · Grants of Plan-Based Awards in Fiscal 2025 · Non-Employee Director Compensation · Outstanding Equity Awards at Fiscal 2025 Year-End · and 2 more sections
8-K, filed March 28, 2025
0001753926-25-000514
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed February 7, 2025
0001140361-25-003579
1. SUMMARY COMPENSATION TABLE
8-K, filed March 22, 2024
0001437749-24-009053
DEF 14A, filed February 2, 2024
0001140361-24-005336
1. SUMMARY COMPENSATION TABLE
8-K, filed March 29, 2023
0001437749-23-008254
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed February 10, 2023
0001140361-23-005972
Summary Compensation Table
8-K, filed March 29, 2022
0001437749-22-007566
8-K, filed March 30, 2021
0001437749-21-007672
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed March 25, 2020
0001437749-20-006110
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed March 20, 2019
0001437749-19-005318
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed March 14, 2018
0001437749-18-004626
8-K, filed March 16, 2017
0001437749-17-004708
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed March 16, 2016
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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The paid brief for Hovnanian Enterprises

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$1,500 for the Executive Compensation Report. Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

15 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Real Estate rankings

Chief executive pay — Real Estate CEO pay ratio — Real Estate Say-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 Home LGI Homes, Inc.M/I Homes, Inc.Meritage Homes Corporation Taylor Morrison Home Corporation

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}

More on Hovnanian Enterprises

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for Hovnanian Enterprises

Real Estate rankings

Peers Hovnanian Enterprises discloses

Terms on this page