Ara K. Hovnanian
2013
In 2013, Ara K. Hovnanian earned a total compensation of $8.9M as President, Chief Executive Officer and Chairman of the Board at Hovnanian Enterprises, a 172% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $2,534,152 |
|---|---|
| Option Awards | $3,084,000 |
| Salary | $1,092,606 |
| Stock Awards | $1,966,692 |
| Other | $185,619 |
| Total | $8,863,069 |
Hovnanian received $3.1M in option awards, accounting for 35% of the total pay in 2013.
Hovnanian also received $2.5M in non-equity incentive plan, $1.1M in salary, $2M in stock awards and $185.6K in other compensation.
Rankings
In 2013, Ara K. Hovnanian's compensation ranked 521st out of 12,286 executives tracked by ExecPay. In other words, Hovnanian earned more than 95.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 521 out of 12,286 | 96th |
Division Construction | 15 out of 177 | 92nd |
Major group Building Construction General Contractors And Operative Builders | 11 out of 67 | 84th |
Industry group Operative Builders | 8 out of 59 | 86th |
Industry Operative Builders | 8 out of 59 | 86th |
Source: SEC filing on February 1, 2016.
Hovnanian's colleagues
We found four more compensation records of executives who worked with Ara K. Hovnanian at Hovnanian Enterprises in 2013.