NVR (NVR) appoints George R. Oliver to Board; 338 options

NVR, Inc. appointed George R. Oliver to its Board of Directors effective October 1, 2025.

Rhea-AI Filing Summary

NVR, Inc. appointed George R. Oliver to its Board of Directors effective October 1, 2025. His term runs until the 2026 Annual Meeting of Shareholders and he is designated an independent director under NYSE standards. The Board also named him to the Nominating and Corporate Governance Committee effective the same date. Mr. Oliver will receive the same non-employee director compensation as other outside directors and was granted 338 non-qualified stock options under the 2018 Equity Incentive Plan, with terms consistent with standard non-employee director grants. A press release announcing the appointment is attached as Exhibit 99.1 and incorporated by reference.

Positive

• Appointment of an independent director strengthens board governance effective October 1, 2025
• Immediate assignment to the Nominating and Corporate Governance Committee adds governance capacity
• Director compensation and equity grant are consistent with existing non-employee director program
• Grant of 338 non-qualified stock options formalizes alignment with shareholder interests

Negative

• None.

Insights

Corporate Governance Expert

Board adds an independent director and committee expertise.

The appointment of George R. Oliver as an independent director strengthens board composition by adding a director who meets NYSE independence tests. His immediate assignment to the Nominating and Corporate Governance Committee signals the board expects him to contribute to oversight of director selection and governance practices.

This is a routine governance move with no disclosed changes to committee structure or board size; the filing does not state any specific strategic mandate tied to the hire.

Compensation & Equity Expert

Director compensation aligns with existing non-employee director program.

Mr. Oliver will receive standard non-employee director pay and a grant of 338 non-qualified stock options under the 2018 Equity Incentive Plan. The filing states the grant terms are consistent with other non-employee director awards, indicating no unique or unusually generous equity terms were disclosed.

The size of the grant (338 options) appears procedural and in line with routine onboarding grants; the filing provides no exercise price or vesting details.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NVR (NVR) announce in this Form 8-K?

NVR announced the appointment of George R. Oliver to its Board effective October 1, 2025, his designation as independent, and his assignment to the Nominating and Corporate Governance Committee.

How long will George R. Oliver serve on the NVR board?

His term continues until the 2026 Annual Meeting of Shareholders and until his successor is duly elected and qualified.

What compensation did NVR disclose for the new director?

The filing states Mr. Oliver's pay will be consistent with other non-employee directors and includes a grant of 338 non-qualified stock options under the 2018 Equity Incentive Plan.

Is Mr. Oliver considered independent by the company?

Yes, the Board determined Mr. Oliver is independent under New York Stock Exchange listing standards.

Where can I find the press release about the appointment?

A copy of the press release is attached to the filing as Exhibit 99.1 and is incorporated by reference in the 8-K.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/01/2025 - 09:52 AM Learn about SEC filing dates

0000906163FALSE00009061632025-10-012025-10-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 1, 2025

NVR, Inc.

(Exact name of registrant as specified in its charter)

Virginia			1-12378			54-1394360
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

11700 Plaza America Drive, Suite 500

Reston, Virginia 20190

(Address of principal executive offices) (Zip Code)

(703) 956-4000

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

NVR

New York Stock Exchange

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company			☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 1, 2025, the Board of Directors of NVR, Inc. (the “Company”) appointed George R. Oliver to the Board of Directors. Mr. Oliver's term as director will continue until the 2026 Annual Meeting of Shareholders and until his successor is duly elected and qualified. The Board of Directors has determined that Mr. Oliver is “independent” under the listing standards of the New York Stock Exchange. In addition, the Board of Directors appointed Mr. Oliver to serve on the Nominating and Corporate Governance Committee of the Board, effective as of October 1, 2025.

Mr. Oliver's compensation as a non-employee director will be consistent with that provided to all Company non-employee directors. In addition, Mr. Oliver received a grant of 338 non-qualified stock options under the NVR, Inc. 2018 Equity Incentive Plan to purchase NVR, Inc. common stock, and the terms of such grant are consistent with the grants to all Company non-employee directors. The stock options were issued utilizing the form of agreement filed as Exhibit 10.2 to our Form 8-K filed on May 14, 2018. A copy of the press release announcing Mr. Oliver's appointment is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number						Exhibit Description
99.1						Press release dated October 1, 2025.
104						Inline XBRL for the cover page of this Current Report on Form 8-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						NVR, Inc.
Date: October 1, 2025			By:			/s/ Daniel D. Malzahn
						Daniel D. Malzahn
						Senior Vice President, Chief Financial Officer and Treasurer