Sundar PichaiSundar Pichai earned $164M in 2023

Brad G. O'Connor is the Chief Executive Officer of Hovnanian Enterprises, Inc., where he has been making key financial decisions since November 2023. With a solid foundation in finance from his B.S. at Pennsylvania State University and an M.B.A. from...

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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 - 53 years ago

CEO of Hovnanian Enterprises, Inc. for

1 year 6 months (Nov 2023 - Present)

Previous Experience

Chief Accounting Officer at Hovnanian Enterprises, Inc.

Holdings

See how much did Brad G. O'Connor make over time.

As CEO, Brad G. O'Connor has shown a strong grasp of market opportunities through his insider trading activities. His most active period was in 2021, where he executed trades exceeding $4.3 million within those months, showcasing his confidence in the...

Insider Trading

See recent insider trades of Brad G. O'Connor.

HOV

11,415 shares

HOV

Dec 13, 2023

Received

HOV

3,652 shares

HOV

Dec 15, 2020

Received

HOV

7,000 shares

HOV

Jun 12, 2020

Received

HOV

15,251 shares

HOV

Dec 14, 2018

Received

HOV

6,250 shares

HOV

Jun 9, 2017

Received

HOV

29,029 shares

HOV

Dec 10, 2015

Received

HOV

74,706 shares

HOV

Dec 17, 2013

Received

HOV

500 shares

HOV

Jun 10, 2011

Received

Compensation History

See how much did Brad G. O'Connor make over time.

Brad G. O'Connor's compensation reflects both his experience and the company’s performance in 2023. He earned a total of about $1,030,695, with a base salary of $488,037 and a maximum target bonus of $500,000. O'Connor received a substantial bonus due to exceeding performance metrics such as Return on Average Equity (ROAE) and maintaining strong liquidity balances. His long-term incentive plan includes vested stocks amounting to about $1,067,033. Overall, O'Connor's compensation aligns his interests with that of Hovnanian's shareholders, motivating sustained company growth.

Year

2023

Total Compensation

$2.33M

Salary

$488.04K

Board 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

$589.63K

Board 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

$185.03K

Board Justification

Includes contributions to the executive’s retirement plan (401(k)) and other benefits.

Restricted Stock

$1.07M(14.66K Class A Common 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.

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