deceased Ara K. Hovnanian
2008
In 2008, deceased Ara K. Hovnanian earned a total compensation of $4.2M as President, Chief Executive Officer and Chairman of the Board at Hovnanian Enterprises, a 23% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $979,302 |
|---|---|
| Option Awards | $1,256,250 |
| Salary | $1,092,606 |
| Stock Awards | $503,641 |
| Other | $336,344 |
| Total | $4,168,143 |
Hovnanian received $1.3M in option awards, accounting for 30% of the total pay in 2008.
Hovnanian also received $979.3K in non-equity incentive plan, $1.1M in salary, $503.6K in stock awards and $336.3K in other compensation.
Rankings
In 2008, deceased Ara K. Hovnanian's compensation ranked 1,061st out of 9,135 executives tracked by ExecPay. In other words, Hovnanian earned more than 88.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,061 out of 9,135 | 88th |
Division Construction | 19 out of 130 | 85th |
Major group Building Construction General Contractors And Operative Builders | 10 out of 52 | 81st |
Industry group Operative Builders | 7 out of 41 | 83rd |
Industry Operative Builders | 7 out of 41 | 83rd |
Source: SEC filing on February 1, 2010.
Hovnanian's colleagues
We found six more compensation records of executives who worked with deceased Ara K. Hovnanian at Hovnanian Enterprises in 2008.
2008
Ara Hovnanian
Hovnanian Enterprises
Chief Executive Officer
2008
Kevork Hovnanian
Hovnanian Enterprises
Chairman
2008
J Sorsby
Hovnanian Enterprises
Chief Financial Officer
2008
Paul Buchanan
Hovnanian Enterprises
Chief Accounting Officer
2008
Peter Reinhart
Hovnanian Enterprises
General Counsel
2008
David Valiaveedan
Hovnanian Enterprises