0000906163-26-000051
SEC filingNVR, Inc. granted non-qualified stock options to four executive officers on May 14, 2026, with time-based and performance-based vesting tied to 2028 return on capital, at an exercise price of $5,720.10 per share.
The grants align executive incentives with long-term shareholder value through a mix of time-based vesting requiring continued employment until December 31, 2028, and performance conditions linked to NVR's return on capital over 2026-2028, emphasizing capital efficiency in homebuilding operations. Largest awards to Executive Chairman Paul C. Saville and CEO Eugene J. Bredow at 5,238 options each reflect their key leadership roles. Exercise price of $5,720.10 locks in value from the pre-grant closing price. Agreements under the 2018 Equity Incentive Plan include stringent post-employment restrictions like 12-month non-compete in competitive areas, non-solicitation of employees, customers, developers, and confidentiality protections, ensuring retention of proprietary knowledge in residential homebuilding, mortgage financing, and settlement services.