NVR grants new stock options to top executives
NVR, Inc. approved new non-qualified stock option grants for key executives.
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Form Type
8-K
Rhea-AI Filing Summary
NVR, Inc. approved new non-qualified stock option grants for key executives. On the May 14, 2026 grant date, Paul C. Saville and Eugene J. Bredow each received options for 5,238 shares, Daniel D. Malzahn received 2,670, and Matthew B. Kelpy received 544. Each award is split evenly between time-based options that vest 100% on December 31, 2028 and performance-based options that follow the same schedule but also depend on NVR’s return on capital from 2026 through 2028. The exercise price is $5,720.10 per share, equal to the prior day’s closing price, and all options were issued under the NVR, Inc. 2018 Equity Incentive Plan.
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.
Key Figures
Saville options granted: 5,238 options
Bredow options granted: 5,238 options
Malzahn options granted: 2,670 options
+4 more
7 metrics
Saville options granted
5,238 options
Non-qualified stock options granted May 14, 2026
Bredow options granted
5,238 options
Non-qualified stock options granted May 14, 2026
Malzahn options granted
2,670 options
Non-qualified stock options granted May 14, 2026
Kelpy options granted
544 options
Non-qualified stock options granted May 14, 2026
Exercise price
$5,720.10 per share
Closing price preceding the Grant Date
Vesting date
December 31, 2028
Scheduled vesting for time- and performance-based options
Performance period
2026 through 2028
Return on capital requirement for performance-based options
Key Terms
non-qualified stock options, time-based option, performance-based, return on capital, +1 more
5 terms
non-qualified stock options financial
"approved the grant of non-qualified stock options to purchase NVR, Inc. common stock"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
time-based option financial
"One of the Options is a time-based option which will vest 100% on December 31, 2028"
performance-based financial
"The other award is performance-based and will vest on the same terms as the time-based options"
return on capital financial
"subject to an additional requirement that vesting will occur based on NVR's return on capital performance"
Return on capital measures how much profit a business generates from the money put into it, including funds from owners and borrowed money. Investors use it like a yardstick to see how efficiently a company turns each dollar of invested cash into earnings—if the return is higher than the cost of that money, the business is creating value; if it’s lower, the investment may be destroying value.
2018 Equity Incentive Plan financial
"granted under the NVR, Inc. 2018 Equity Incentive Plan, a copy of which was filed as Exhibit 10.1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive stock option grants did NVR (NVR) approve on May 14, 2026?
NVR approved new non-qualified stock options for four executives totaling several thousand shares. Grants went to the Executive Chairman, CEO, CFO and Chief Accounting Officer, with each award split between time-based and performance-based options under the 2018 Equity Incentive Plan.
How many NVR (NVR) stock options were granted to each named executive?
Paul C. Saville and Eugene J. Bredow each received 5,238 options, Daniel D. Malzahn received 2,670, and Matthew B. Kelpy received 544. Each executive’s total grant is divided equally between time-based options and performance-based options tied to return on capital.
What is the exercise price of the new NVR (NVR) executive stock options?
The exercise price for all granted options is $5,720.10 per share. This price matches the closing price of NVR’s common stock on the trading day immediately before the May 14, 2026 grant date, aligning the grants with then-current market value.
When do NVR (NVR) executive stock options granted in May 2026 vest?
Both time-based and performance-based options are scheduled to vest on December 31, 2028. Time-based options require continued employment through that date, while performance-based options also depend on NVR’s return on capital during the 2026–2028 performance period.
How are the performance-based NVR (NVR) options determined for executives?
Performance-based options will vest on December 31, 2028 only if specified performance conditions are met. Vesting depends on NVR’s return on capital over the three-year period from 2026 through 2028, in addition to the executive remaining employed through the vesting date.
Under what plan were the May 2026 NVR (NVR) executive stock options granted?
All options were granted under the NVR, Inc. 2018 Equity Incentive Plan. This plan governs the terms of equity awards, and the company filed separate forms of non-qualified stock option agreements for time-based and performance-based management grants as exhibits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
