Hovnanian President Awarded Performance-Based Equity Compensation

This Form 4 filing reports that Alexander A. Hovnanian, President of Hovnanian Enterprises, was awarded performance-based equity compensation on June 12, 2026. The awards include 5,456 Performance Share Units and 4,400 Phantom Shares. Both awards are subject to performance criteria measured through April 30, 2027, with vesting contingent on continued service through June 12, 2029. The Performance Share Units can convert into Class B Common Stock (convertible to Class A Common Stock) at 50-200% of the reported amount based on performance achievement. Similarly, the Phantom Shares represent cash-settled awards that will pay out based on future stock price performance, also at 50-200% of the reported amount. These awards represent long-term incentive compensation tied to the company's future performance.