How Hovnanian was paid
$13.7M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Ara K. HovnanianChief Executive Officer and Chairman of the Board | $1,154,423 | $7,093,554 | $4,885,147 | $65,409 | $456,223 | $13,654,756 |
| Brad G. O’ConnorChief Financial Officer | $623,077 | $1,323,998 | $1,165,810 | $31,329 | $97,481 | $3,241,695 |
| Michael P. WyattChief Operating Officer | $624,319 | $561,351 | $3,419,317 | — | $24,372 | $4,629,359 |
| Alexander A. HovnanianPresident | $624,288 | $1,323,998 | $1,165,810 | $1,604 | $118,383 | $3,324,083 |
What changed and why
- $13.7MAra K. Hovnanian total compensation increased to $13,654,756 in fiscal 2025.
- 91%Variable compensation represented 91% of the CEO total direct compensation opportunity.
- 95.6%A substantial majority of 95.6% of shareholders approved the prior say-on-pay proposal.
- No significant substantive changes were made to the executive compensation program structure.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.