In 2023, J. Larry Sorsby earned $19.21M in total compensation at Hovnanian Enterprises, Inc., including $1.12M salary, $3.83M bonus and $13.60M in stock. Most recently sold 4,062 shares in Sep 2024. Currently holds stock worth $8.66M. Has donated $1.65M in stock to charitable causes. Led Hovnanian Enterprises, Inc. as CEO for 5 years.
Compensation History
Annual executive compensation data for J. Larry Sorsby, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$19.21M
Salary
$1.12M
Bonus
$3.83M
Other
$668.43K
Salary
$1.12MBoard Justification
The compensation philosophy focuses on aligning executive compensation with performance metrics that drive shareholder value and retention of key executives.
Bonus
$3.83MBoard Justification
The bonus earned at the maximum level for the NEOs was based on performance metrics including ROAE, Liquidity Balances, and Alternative Capital Raises, achieving maximum performance levels for fiscal 2023.
Other Compensation
$668.43KBoard Justification
This includes contributions to the executive retirement plan and other benefits.
Restricted Stock
Board Justification
The stock awards that vested in 2023 included shares from the 2022 PSU award and the 2021 LTIP award, which were deemed vested due to retirement eligibility but will not be delivered until future years.
Performance Metrics
The performance metrics for fiscal 2023 included ROAE, Liquidity Balances, and Alternative Capital Raises.
J. Larry Sorsby
Ex-CEO of Hovnanian Enterprises, Inc.
Education
B.S. in Accounting from the University of Delaware
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Cyclical
Born
April 15, 1962 - 63 years ago
CEO of Hovnanian Enterprises, Inc. for
5 years 3 months (Jul 2018 - Oct 2023)
Previous Experience
Chief Financial Officer at Hovnanian Enterprises, Inc.
Holdings
Track J. Larry Sorsby's stock holdings and portfolio value over time.
Total Stock Sold
$4.13M
$4.13M
24,062 HOV shares
What if they kept their stock?
If J. Larry Sorsby didn't sell their stock, today they would have:
Extra HOV24,062 shares worth $2.49M.
This is -39.65% and $1.64M less than what they got when they sold the stock.
Charitable Transactions
15,903 shares
HOV
Recent Charitable Transactions
15,903 shares
HOV
Dec 2, 2021
Charity
Insider Trading
J. Larry Sorsby's recent stock transactions, purchases, and sales filed with the SEC.
$920.93K
HOV at $226.72/share
Sep 19, 2024
Sale
755 shares
HOV
Jun 14, 2024
Received
$3.15M
HOV at $157.38/share
Dec 14, 2023
Sale
24,880 shares
HOV
Dec 13, 2023
Received
15,903 shares
HOV
Dec 2, 2021
Charity
95,000 shares
HOV
Aug 31, 2021
Received
11,046 shares
HOV
Dec 15, 2020
Received
45,854 shares
HOV
Dec 14, 2018
Received
109,091 shares
HOV
Dec 10, 2015
Received
322,669 shares
HOV
Dec 17, 2013
Received
Rivals
Compare J. Larry Sorsby 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