Sundar PichaiSundar Pichai earned $164M in 2023
H

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

Born

May 15, 1971 - 53 years ago

Economy Sector

Consumer Cyclical

Current Tenure

1 year 4 months (Nov 2023 - Present)

Previous Experience

Chief Accounting Officer at Hovnanian Enterprises, Inc.

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...

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.