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Note 17 - Transactions With Related Parties
 12 Months Ended
Oct. 31, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

17. Transactions with Related Parties

 

During the years ended October 31, 2021, 2020 and 2019, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman of the Board of Directors and our Chief Executive Officer, provided services to the Company totaling $0.6 million, $0.7 million and $0.9 million, respectively. Neither the Company nor Mr. Hovnanian has a financial interest in the relative’s company from whom the services were provided.

 

Mr. Alexander Hovnanian, the son of Ara K. Hovnanian, our Chairman of the Board of Directors and our Chief Executive Officer, is employed by the Company. Mr. Alexander Hovnanian holds the position of Executive Vice President - National Homebuilding Operations. For fiscal 2021, he received cash compensation of approximately $989,000 and equity awards with an aggregate grant date fair value of approximately $523,000. For fiscal 2020 and 2019, his total compensation was approximately $1,152,000 and $609,000, respectively.