Form 4 for HOV HOVNANIAN ENTERPRISES INC
Accepted 2023-01-10 00:00:00 ET · period of report 2023-01-06 · accession 0001225208-23-000565 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-10 | 2023-01-06 | HOV | O'Connor Brad G | SVP, CAO, Treas | F - Tax | $44.78 | -1,288 | 17.8K | -7% | -$57.7K |
| D | 2023-01-10 | 2023-01-06 | HOV | O'Connor Brad G | SVP, CAO, Treas | D - Sale to Iss | $44.78 | -6,063 | 11.7K | -34% | -$271.5K |
| D | 2023-01-10 | 2023-01-06 | HOV | O'Connor Brad G | SVP, CAO, Treas | M - OptEx | $0.00 | +6,063 | 19.1K | +47% | $0 |
| D | 2023-01-10 | 2023-01-06 | HOV | O'Connor Brad G | SVP, CAO, Treas | M - OptEx | $0.00 | -6,063 | 6,062 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-01-06 | F | D | 1,288 | $44.78 | 17,786 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-01-06 | D | D | 6,063 | $44.78 | 11,723 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-01-06 | M | A | 6,063 | $0.00 | 19,074 | D | — | — | (F1) Represents the settlement of Phantom Shares in an amount of cash equal to the value of a share of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock") at the time of payout, as calculated pursuant to the applicable award agreement. |
| 4 | Derivative | Phantom Shares | 2023-01-06 | M | D | 6,063 | $0.00 | 6,062 | D | — · — to — | 6,063 Class A Common Stock | (F2) Phantom Shares represent the right to payment in the future solely of an amount of cash based on the future stock price of the Class A Common Stock. Following vesting, each Phantom Share will be paid in an amount of cash equal to the value of a share of Class A Common Stock at the time of payout, as calculated pursuant to the applicable award agreement. (F3) The remaining Phantom Shares vest on October 31, 2023 and settle in cash in the following January. |