In 2023, Brad G. O'Connor earned $2.33M in total compensation at Hovnanian Enterprises, Inc., including $488.04K salary, $589.63K bonus and $1.07M in stock. Most recently acquired 11,415 shares in Dec 2023. Currently holds stock worth $2.50M. 2+ years at the helm of Hovnanian Enterprises, Inc..
Compensation History
Annual executive compensation data for Brad G. O'Connor, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.33M
Salary
$488.04K
Bonus
$589.63K
Other
$185.03K
Salary
$488.04KBoard Justification
The compensation philosophy emphasizes variable incentive compensation elements (bonus and long-term incentives), the value of which reflects the Company’s strategic, financial and stock performance, aligning the interests of management with those of shareholders.
Bonus
$589.63KBoard Justification
The bonus earned at the target level for the NEOs would be the amount that could be earned if ROAE for fiscal 2023 was 10%, Liquidity Balances were above $200 million for three fiscal 2023 quarter-ends and Alternative Capital Raises in fiscal 2023 were $150 million. Mr. O’Connor achieved an annual bonus award of $500,000 for fiscal 2023, which represented his maximum potential bonus.
Other Compensation
$185.03KBoard Justification
Includes contributions to the executive’s retirement plan (401(k)) and other benefits.
Restricted Stock
Board Justification
Represents shares of Class A Common Stock from his 2021 LTIP award that vested on October 31, 2023, which is subject to a mandatory two-year post-vesting delayed delivery period.
Performance Metrics
The performance metrics for the CEO that determines the compensation in 2023 include ROAE, Pre-tax Profit, Liquidity Balances, and Alternative Capital Raises.
Brad G. O'Connor
CEO of Hovnanian Enterprises, Inc.
Education
B.S. in Finance from Pennsylvania State University; M.B.A. from Columbia University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Cyclical
Born
May 15, 1971 - 54 years ago
CEO of Hovnanian Enterprises, Inc. for
2 years 1 month (Nov 2023 - Present)
Previous Experience
Chief Accounting Officer at Hovnanian Enterprises, Inc.
Other Hovnanian Enterprises, Inc. CEOs
Holdings
Track Brad G. O'Connor's stock holdings and portfolio value over time.
Insider Trading
Brad G. O'Connor's recent stock transactions, purchases, and sales filed with the SEC.
11,415 shares
HOV
Dec 13, 2023
Received
3,652 shares
HOV
Dec 15, 2020
Received
7,000 shares
HOV
Jun 12, 2020
Received
15,251 shares
HOV
Dec 14, 2018
Received
6,250 shares
HOV
Jun 9, 2017
Received
29,029 shares
HOV
Dec 10, 2015
Received
74,706 shares
HOV
Dec 17, 2013
Received
500 shares
HOV
Jun 10, 2011
Received
Rivals
Compare Brad G. O'Connor with competitor CEOs and industry peers.
Cynthia M. M. Dyer
CEO of Taylor Morrison Home Corporation
2023 Compensation
Stock
$0.00
Salary
$1.08M
Bonus
$2.62M
Other
$0.00
Total Holdings
$1.17M
Phillipe Lord
CEO of Meritage Homes
2022 Compensation
Stock
$17.53M
Salary
$900.00K
Bonus
$5.63M
Other
$62.53K
Total Holdings
$33.85M
Douglas C. Yearley, Jr.
CEO of Toll Brothers
2023 Compensation
Stock
$0.00
Salary
$1.20M
Bonus
$7.80M
Other
$0.00
Total Holdings
$191.52K
Ryan R. Marshall
CEO of Pultegroup
2023 Compensation
Stock
$10.97M
Salary
$1.00M
Bonus
$4.09M
Other
$35.21K
Total Holdings
$117.80K