NVR (NVR) CEO receives 2,619 stock options under 2018 equity plan

Rhea-AI Filing Summary

NVR, Inc. reported that Chief Executive Officer Eugene James Bredow received a grant of 2,619 employee stock options under the NVR, Inc. 2018 Equity Incentive Plan. These options relate to 2,619 shares of common stock with an exercise price of $5,720.10 per share and expire on May 13, 2036.

Footnotes state these are time-based stock options and that Mr. Bredow also received performance-based options for an equal number of shares under the same plan. The performance-based options vest on the same schedule as the time-based awards, with vesting also tied to the company’s return on capital performance during 2026 to 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bredow Eugene James

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Employee stock option (right to buy)	2,619	$0.00	--

Holdings After Transaction: Employee stock option (right to buy) — 2,619 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock options granted: 2,619 options Underlying shares: 2,619 shares Exercise price: $5,720.10 per share +3 more

6 metrics

Stock options granted 2,619 options Time-based employee stock options granted to CEO

Underlying shares 2,619 shares Common stock underlying the time-based options

Exercise price $5,720.10 per share Strike price for the granted stock options

Grant transaction price $0.00 per option Compensation award, not an open-market purchase

Expiration date May 13, 2036 Option expiration for the CEO grant

Performance period 2026–2028 Return on capital performance window for performance-based options

Key Terms

Employee stock option, 2018 Equity Incentive Plan, performance-based options, return on capital performance

4 terms

Employee stock option financial

"Employee stock option (right to buy)"

An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

2018 Equity Incentive Plan financial

"granted under NVR, Inc. 2018 Equity Incentive Plan"

performance-based options financial

"Mr. Bredow also received performance-based options under the NVR, Inc. 2018 Equity Incentive Plan"

return on capital performance financial

"vesting of the options is based on the Company's return on capital performance during 2026 to 2028"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bredow Eugene James

(Last) (First) (Middle)

11700 PLAZA AMERICA DR.

SUITE 500

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NVR INC [ NVR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option (right to buy)	$5,720.1	05/14/2026		A		2,619		12/31/2028	05/13/2036	Common stock	2,619(1)	$0	2,619	D

Explanation of Responses:

1. Time-based stock options granted under NVR, Inc. 2018 Equity Incentive Plan. Mr. Bredow also received performance-based options under the NVR, Inc. 2018 Equity Incentive Plan for an equal number of shares. The performance-based options will vest on the same terms as the time-based options, subject to an additional requirement that vesting of the options is based on the Company's return on capital performance during 2026 to 2028.

Remarks:

	Eugene J. Bredow	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did NVR (NVR) CEO Eugene James Bredow report in this Form 4?

NVR CEO Eugene James Bredow reported receiving a grant of 2,619 employee stock options. The options were awarded under the NVR, Inc. 2018 Equity Incentive Plan at an exercise price of $5,720.10 per share, expiring on May 13, 2036.

How many NVR (NVR) shares are covered by the CEO’s new stock options?

The CEO’s time-based stock option award covers 2,619 shares of NVR common stock. A footnote adds he also received performance-based options for an equal 2,619 shares, subject to return on capital performance conditions between 2026 and 2028.

What are the key terms of Eugene Bredow’s NVR (NVR) stock option grant?

The grant consists of 2,619 employee stock options with an exercise price of $5,720.10 per share. These options expire on May 13, 2036 and are described as time-based stock options issued under the NVR, Inc. 2018 Equity Incentive Plan.

What performance conditions apply to the NVR (NVR) CEO’s additional options?

In addition to time-based options, Eugene Bredow received performance-based options for 2,619 shares. These performance-based options vest on the same schedule but also depend on NVR’s return on capital performance during the 2026 to 2028 period.

Are Eugene Bredow’s NVR (NVR) options an open-market purchase or compensation award?

The options are a compensation award, not an open-market purchase. The Form 4 lists the transaction code as a grant or award acquisition, with a transaction price of $0.00 per option and an exercise price of $5,720.10 per share for future exercise.