Matthew B. Kelpy - Mar 6, 2025 Form 4 Insider Report for NVR INC (NVR)

Role: VP, Chief Accounting Officer
Signature: Matthew B. Kelpy
Stock symbol: NVR
Transactions as of: Mar 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/7/2025, 02:59 PM
Previous filing: Nov 7, 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NVR	Employee stock option (right to buy)	Award	$0	+1K	+100%	$0.00	2K	Mar 6, 2025	Common stock	1K	$4,475.53	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.
F2	Stock options were granted on May 4, 2022 under the NVR, Inc. 2014 Equity Incentive Plan and are subject to the achievement of a performance metric based on the Company's return on capital performance during the three-year period from 2022 through 2024. Effective March 6, 2025, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon continued employment.

Content

Stock options were granted under the NVR, Inc. 2014 Equity Incentive Plan. These options vest in 25% increments on 12/31/24, 12/31/25, 12/31/26 and 12/31/27.

Stock options were granted on May 4, 2022 under the NVR, Inc. 2014 Equity Incentive Plan and are subject to the achievement of a performance metric based on the Company's return on capital performance during the three-year period from 2022 through 2024. Effective March 6, 2025, it was determined by the Compensation Committee of the Board of Directors that the Company had achieved the required return on capital performance metric for the three-year performance period. Vesting for these stock options is now solely contingent upon continued employment.