0001225208-23-006891.txt : 20230616
0001225208-23-006891.hdr.sgml : 20230616
20230616153316
ACCESSION NUMBER: 0001225208-23-006891
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230614
FILED AS OF DATE: 20230616
DATE AS OF CHANGE: 20230616
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SORSBY J LARRY
CENTRAL INDEX KEY: 0001211054
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08551
FILM NUMBER: 231020732
MAIL ADDRESS:
STREET 1: 90 MATAWAN ROAD, FIFTH FLOOR
CITY: MATAWAN
STATE: NJ
ZIP: 07747
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOVNANIAN ENTERPRISES INC
CENTRAL INDEX KEY: 0000357294
STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531]
IRS NUMBER: 221851059
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
BUSINESS ADDRESS:
STREET 1: 90 MATAWAN ROAD, 5TH FLOOR
CITY: MATAWAN
STATE: NJ
ZIP: 07747
BUSINESS PHONE: 7327477800
MAIL ADDRESS:
STREET 1: 90 MATAWAN ROAD, 5TH FLOOR
CITY: MATAWAN
STATE: NJ
ZIP: 07747
4
1
doc4.xml
X0407
4
2023-06-14
0000357294
HOVNANIAN ENTERPRISES INC
HOV
0001211054
SORSBY J LARRY
C/O HOVNANIAN ENTERPRISES, INC.
90 MATAWAN ROAD
MATAWAN
NJ
07747
1
1
Exec. VP and CFO
0
Class A Common Stock
2023-06-14
4
M
0
5100.0000
0.0000
A
126664.0000
D
Class A Common Stock
2023-06-14
4
M
0
5100.0000
0.0000
A
121564.0000
D
Class A Common Stock
2023-06-14
4
F
0
4015.0000
98.8400
D
122649.0000
D
Class A Common Stock
15903.0000
I
Held by GRAT
Class A Common Stock
6363.0000
I
Held by Spouse
Class A Common Stock
9540.0000
I
Held by Spouse's GRAT
Market Share Units
2023-06-14
4
M
0
2550.0000
0.0000
D
2024-06-14
Class A Common Stock
2550.0000
2550.0000
D
Market Share Units (Performance)
2023-06-14
4
M
0
2550.0000
0.0000
D
2024-06-14
Class A Common Stock
2550.0000
2550.0000
D
On June 14, 2023, 2,550 Market Share Units vested and converted into 5,100 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), pursuant to the terms of the award granted on June 14, 2019
On June 14, 2023, 2,550 Market Share Units vested and converted into 5,100 shares of Class A Common Stock pursuant to the terms of the award granted on June 14, 2019 that was subject to additional performance criteria that was determined to have been satisfied on October 31, 2021
Converts to Class A Common stock on a one-for-one basis.
The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments beginning on June 14, 2021
On June 14, 2023, 2,550 Market Share Units vested and converted into 5,100 shares of Class A Common Stock pursuant to the terms of the award granted on June 14, 2019.
The number of shares of Class A Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period.
The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2022, June 14, 2022, June 14, 2023, and June 14, 2024.
Elizabeth D. Tice Attorney-in-Fact
2023-06-16