deceased Ara K. Hovnanian
2009
In 2009, deceased Ara K. Hovnanian earned a total compensation of $3.4M as President, Chief Executive Officer and Chairman of the Board at Hovnanian Enterprises, a 17% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $699,500 |
|---|---|
| Option Awards | $1,380,000 |
| Salary | $1,092,606 |
| Other | $267,015 |
| Total | $3,439,121 |
Hovnanian received $1.4M in option awards, accounting for 40% of the total pay in 2009.
Hovnanian also received $699.5K in non-equity incentive plan, $1.1M in salary and $267K in other compensation.
Rankings
In 2009, deceased Ara K. Hovnanian's compensation ranked 1,274th out of 9,885 executives tracked by ExecPay. In other words, Hovnanian earned more than 87.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,274 out of 9,885 | 87th |
Division Construction | 24 out of 150 | 84th |
Major group Building Construction General Contractors And Operative Builders | 15 out of 56 | 73rd |
Industry group Operative Builders | 10 out of 43 | 77th |
Industry Operative Builders | 10 out of 43 | 77th |
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 2009.
2009
Ara Hovnanian
Hovnanian Enterprises
Chief Executive Officer
2009
Kevork Hovnanian
Hovnanian Enterprises
Chairman
2009
J Sorsby
Hovnanian Enterprises
Chief Financial Officer
2009
Peter Reinhart
Hovnanian Enterprises
General Counsel
2009
Paul Buchanan
Hovnanian Enterprises
Chief Accounting Officer
2009
David Valiaveedan
Hovnanian Enterprises